Morris Nichols Bankruptcy Alert - NSC Wholesale Holdings LLC and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware

On October 24, 2018, NSC Wholesale Holdings LLC and certain of its affiliates filed  voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 18-12394.

Debtor(s) – NSC Wholesale Holdings LLC; National Wholesale Liquidators of Lodi, Inc.; NSC Realty Holdings LLC; NSC of West Hempstead, LLC; Top Key LLC; BP Liquor LLC; and Teara LLC.

Description of Debtor(s) – Owners and operators of general merchandise close-out stores.

Website of Debtor(s) (URL) www.nwlshop.com.

Assigned Judge – The Honorable Kevin J. Carey.

Proposed Counsel – The Debtors' proposed bankruptcy counsel is Saul Ewing Arnstein & Lehr LLP. 

Proposed Financial Advisor – Getzler Henrich & Associates LLC.

Proposed Investment Banker – SSG Advisors, LLC.

Plan Status – No plan was filed with the petitions. 

First Day Hearing – A first day hearing was held at 10:30 a.m. on October 26, 2018. 

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.

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