JOANN INC. Bankruptcy Filing
Case Number: 24-10418
JOANN INC. filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on March 18, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-10418.
JOANN INC. Filing Information
The bankruptcy petition for JOANN INC. showed assets in the range of $500MM - $1B with liabilities in the range of more than $1B. JOANN INC. reports that the number of creditors is in the range of 50,001-100,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
JOANN INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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JOANN INC. Docket Header
SealedDoc(s), MEGA, STANDOrder, SEALEDMATRIX, LEAD, CLMSAGNT, CONFIRMED, CLOSED |
District of Delaware (Delaware)
Bankruptcy Petition #: 24-10418-CTG
Assigned to: Bankruptcy Judge Craig T Goldblatt Chapter 11 Voluntary Asset Debtor disposition: Standard Discharge |
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| Debtor JOANN Inc. 5555 Darrow Road Hudson, OH 44236 SUMMIT-OH Tax ID / EIN: 46-1095540 aka Jo-Ann Stores Holdings Inc. aka JOANN aka Jo-Ann Fabrics and Crafts |
rep. by |
Isaac James Ashworth
Latham & Watkins LLP 355 South Grand Avenue Suite 100 Los Angeles, CA 90071-1560 (213)485-1234 Email: isaac.ashworth @ lw.com George A Davis Latham & Watkins LLP 1271 Avenue of the Americas New York, NY 10020 212-906-1200 Email: george.davis @ lw.com Ted A. Dillman Latham & Watkins LLP 355 South Grand Avenue Suite 100 Los Angeles, CA 90071-1560 213-485-1234 Email: ted.dillman @ lw.com Ebba Gebisa 330 North Wabash Avenue Suite 2800 Chicago, IL 27017 (312) 876-7700 Email: ebba.gebisa @ lw.com Kara Hammond Coyle Young Conaway Stargatt & Taylor LLP Rodney Square 1000 North King Street Wilmington, DE 19801 302-571-6600 Email: kcoyle @ ycst.com Davis A. Klabo Latham & Watkins LLP 355 South Grand Avenue Suite 100 Los Angeles, CA 90071 (213) 485-1234 Email: davis.klabo @ lw.com Rebecca L Lamb Young Conaway Stargatt & Taylor LLP Rodney Square 1000 North King Street Wilmington, DE 19801 302-571-6600 Email: rlamb @ ycst.com Nicholas J. Messana Latham & Watkins LLP 355 South Grand Avenue Suite 100 Los Angeles, CA 90071-1560 213-485-1234 Email: nicholas.messana @ lw.com Timothy Beaumont Parker Latham & Watkins LLP 330 North Wabash Avenue Suite 2800 Chicago, IL 27017 (312) 876-7700 Email: beau.parker @ lw.com Shane M. Reil Wilson Sonsini Goodrich & Rosati 222 Delaware Avenue Suite 800 Wilmington, DE 19801-5225 302-304-7616 Email: sreil @ wsgr.com Kevin D. Shang Latham & Watkins LLP 355 South Grand Avenue Suite 100 Los Angeles, CA 90071 (213) 485-1243 Email: kevin.shang @ lw.com Alexandra Marie Zablocki Latham & Watkins, LLP 1271 Avenue of the Americas New York, NY 10020 (212) 906-1200 Email: alexandra.zablocki @ lw.com |
| U.S. Trustee U.S. Trustee Office of the United States Trustee J. Caleb Boggs Federal Building 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 (302)-573-6491 |
rep. by |
Malcolm M Bates
Office of the United States Trustee 844 King Street Suite 2207 Wilmington, DE 19801 302-573-6491 Fax : 302-573-6497 Email: malcolm.m.bates @ usdoj.gov Timothy Jay Fox, Jr. Office of the United States Trustee U. S. Department of Justice 844 King Street, Suite 2207 Lockbox #35 Wilmington, DE 19801 302-573-6491 Fax : 302-573-6497 Email: timothy.fox @ usdoj.gov |
| Claims Agent Kroll Restructuring Administration LLC (f/k/a Prime Clerk LLC) 55 East 52nd Street 17th Floor New York, NY 10055 212-257-5450 |
rep. by |
Benjamin Joseph Steele
Kroll Restructuring Administration LLC (F/K/A Prime Clerk LLC) 55 East 52nd Street 17th Floor New York, NY 10055 212-257-5490 Email: bsteele @ primeclerk.com |
| Transcriber Reliable Companies Attn: Gene Matthews 1007 North Orange Street Suite 110 Wilmington, DE 19801 302-654-8080 |
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| Transcriber Reliable 1007 Orange Street Suite 110 Wilmington, DE 19801 |