New Delaware Chapter 11 Filing – Charming Charlie Holdings Inc.

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On July 11, 2019, Charming Charlie Holdings Inc., along with six of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11534-CSS). According to the accompanying Declaration, the Debtors – retailers of fashion jewelry, handbags, apparel, gifts, and beauty products – have continued to suffer from a liquidity crisis since emerging in 2018 from their prior bankruptcy cases (Lead Case No. 17-12906-CSS). The Debtors report that they currently have less than $50,000 in assets and between $50-100 million in liabilities. The cases have been assigned to the Honorable Christopher S. Sontchi, Chief Judge of the Delaware Bankruptcy Court.

For more information regarding this matter, please contact Norman L. Pernick or G. David Dean.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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