Party City Seeks to Monetize its Lease Portfolio Through Bankruptcy Auction Process
By EsqSocial Corporation 21/01/25
On December 21, 2024, Party City Holdco Inc. and certain of its subsidiaries initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas to accomplish an orderly wind down of its business. The bankruptcy court authorized Party City to commence going out of business sales at its approximately 700 stores nationwide, which the company expects to take place over a 10-to-12-week period....
By: Farrell Fritz, P.C.