New Delaware Chapter 11 Filing – Charming Charlie Holdings Inc.
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.
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