Hancock Fabrics, Inc. (2016) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code





On May 5, 2016, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Hancock Fabrics, Inc. (2016) and its affiliates.

The filing was assigned docket number 594 and is described on the court’s official docket as follows:

Motion to Approve (Debtors’ Motion for Entry of an Order: (A) Approving Designation Rights Agreement with JF Capital Series, LLC, (B) Establishing Lease Assumption and Assignment Procedures in Connection with Such Designation Rights Agreement, and (C) Granting Related Relief) Filed by Hancock Fabrics, Inc.. Hearing scheduled for 5/26/2016 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 5/19/2016. (Attachments: # (1) Notice of Motion and Hearing # (2) Exhibit A # (3) Exhibit B) (Biblo, Rachel)

Hancock Fabrics, Inc. (2016) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 2, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 16-10296. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Hancock Fabrics, Inc. (2016) in the bankruptcy case.

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