ALCO Stores, Inc. Bankruptcy New Filing Alert: Stipulation Regarding Motion For Setoff Or Recoupment Of Claims

On December 8, 2014, a stipulation regarding motion for setoff or recoupment of claims was filed in the bankruptcy case of ALCO Stores, Inc. and its affiliates.

The filing was assigned docket number 443 and is described on the court’s official docket as follows:

Stipulation and agreed Order confirming Elavon, Inc recoupment rights pursuant to the terms of that certain agreement by and amoung debtor Alco Stores, Inc. Elavon, Inc. and US Bank, Nation Association. Entered on 12/8/2014 (RE: related document(s)[363] Objection filed by Creditor Elavon, Inc.). (Blanco, J.)

ALCO Stores, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 12, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 14-34941. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stacey Jernigan. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to ALCO Stores, Inc. in the bankruptcy case.


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