On March 9, 2020, Bluestem Brands, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 20-10566). The Debtor reports assets and liabilities both in the range of $500 million to $1 billion and estimated creditors over 100,000. The Debtor estimates that funds will be available for distribution to general unsecured creditors.
Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.