Party City Holdco Inc.

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Case Number:

4:24-bk-90621

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Texas Comptroller of Public Accounts

Sectors & Industries:

June 30, 2025
Monster.com Hits Ch. 11, Forever 21 Can Liquidate

The company behind Monster.com, a job search website, filed for bankruptcy relief with more than $100 million in liabilities, while Forever 21 received approval of its Chapter 11 liquidation plan and Party City secured a court's permission to send its liquidation plan out for a vote.
June 27, 2025
Party City To Send Liquidation Plan Out For Creditor Vote

A Texas bankruptcy judge on Friday gave Party City permission to send its liquidation plan out for a vote after the retailer agreed to give parties with claims racked up during the Chapter 11 case more time to opt out of proposed cuts to their recoveries.
June 20, 2025
What's Happening In Bankruptcy Court This Coming Week

Bankruptcy judges will consider Exela Technologies' Chapter 11 plan and disclosure statement, decide whether Party City can solicit creditor votes on its plan, rule on the roughly $7 million asset sale of Publishers Clearing House, and address second-day motions in Everstream Solutions' case.
May 29, 2025
Under The Radar: Bankruptcy News You May Have Missed

A creditors committee objected to Party City's liquidator, Gordon Brothers, being classified as an estate professional entitled to funds in the retailer's bankruptcy. Blue Cross Blue Shield of Massachusetts challenged Steward Health Care's Chapter 11 liquidation plan, and the debtor proposed a revised plan featuring a settlement. And customer loyalty company Kognitiv moved to dismiss its Chapter 11 case, saying it has nothing left to sell.
February 28, 2025
Under The Radar: Bankruptcy News You May Have Missed

The licensing arm of Universal Studios objected to a Party City asset sale, bondholders urged a judge to lift a stay on outside litigation in the Puerto Rico Electric Power Authority's restructuring case, and a satellite service provider asked a court to dismiss an adversary suit brought by debtor Ligado Networks. These are some of the bankruptcy stories you may have missed in the last week.
February 26, 2025
Party City Approved To Sell IP, Assets For $20.6M In Ch. 11

A Texas bankruptcy judge on Wednesday blessed retailer Party City's bid to sell its brand name and other intellectual property to an affiliate of pop culture merchandiser Ad Populum for $20.6 million, rejecting a challenge to the deal by franchise owners that claimed the buyer was ill-equipped to take on contracts with their stores.
February 05, 2025
Party City Reaches Interim Deal On Unpaid Rent

Party City received court approval Wednesday to continue using cash collateral as the bankrupt retailer continues to liquidate its assets, after agreeing to a deal with its unsecured creditors committee and several landlords who had objected to the request.
February 03, 2025
Under The Radar: Bankruptcy News You May Have Missed

A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
January 28, 2025
Party City Seeks OK For Exec Private Security In Ch. 11

Bankrupt retailer Party City HoldCo Inc. Tuesday asked a Texas judge to approve up to $400,000 in spending on private security for its current and former senior employees, saying the recent killing of UnitedHealth's CEO has spurred threats of violence against the debtor's leadership.
January 27, 2025
Party City Inks Deal To Sell IP, Assets In 2nd Ch. 11

Bankrupt retailer Party City has reached a stalking horse agreement to sell its brand name, other intellectual property and related operating assets to an affiliate of the pop culture merchandiser Ad Populum LLC, which owns the brand behind Chia Pet and is an owner of the entertainment complex at Elvis Presley's home Graceland.