Tag Archives: Chapter 11 Bankruptcy

During a hearing last week, Judge Karen Owens of the Bankruptcy Court for the District of Delaware approved True Value’s Chapter 11 bankruptcy plan and disclosure statement. The court adjourned for a brief time to allow the debtors to address …

In just a few weeks, Do it Best will host the first ever Do it Best and True Value Spring Market, welcoming existing Do it Best member-owners and True Value retailers to join together as the new company looks toward …

Do it Best announces the successful acquisition of True Value, a long-time competitor with a legacy brand that benefits both organizations. This monumental transaction represents a transformative milestone for Do it Best, True Value and the entire independent hardware industry. …

As the True Value bankruptcy and planned sale to Do it Best continues to move forward, with a scheduled closing date of Nov. 22, several industry wholesalers have reached out publicly to offer support to True Value retailers and court …

(Disclosure: NHPA, which publishes Hardware Retailing and Paint & Decorating Retailer magazines, is among the vendors involved in theTrue Value bankruptcy claims.)  As the True Value Company LLC bankruptcy and sale to Do it Best continues to move forward, several …

On Monday, Nov. 4, True Value sent a notification to vendors and retailers, stating that it was temporarily suspending its drop ship program to remain focused on primary business during the bankruptcy case and sale to Do it Best. (In …

True Value Company and its secured lenders, led by PNC, today reached a major milestone agreement to avoid the liquidation of the 75-year-old Chicago-based distributor in a move that will push the sale to Do it Best forward for now. The …

In a transcript obtained by Hardware Retailing from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate protection to the …