💥New Chapter 33 Bankruptcy - rue21💥

Another retailer bits the dust: company files BK to liquidate assets and try and sell IP.

We’re sure you’ve heard by now: on May 2, 2024, PA-based New rue21 Holdco, Inc. (“rue21”) and five affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Shannon) — the latest in a recent wave of retail-related cases to whirl around the bankruptcy bin and the first repeat offender in quite some time…