PARTY CITY HOLDCO INC. Bankruptcy Filing
Case Number: 23-90005
PARTY CITY HOLDCO INC. filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on January 17, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-90005.
PARTY CITY HOLDCO INC. Filing Information
The bankruptcy petition for PARTY CITY HOLDCO INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. PARTY CITY HOLDCO INC. reports that the number of creditors is in the range of 10,001-25,000.
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'.
PARTY CITY HOLDCO 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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PARTY CITY HOLDCO INC. Docket Header
COMPLX, LEAD, COMPLX |
Southern District of Texas (Houston)
Bankruptcy Petition #: 23-90005
Assigned to: Bankruptcy Judge Marvin Isgur Chapter 11 Voluntary Asset |
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| Debtor Party City Holdco Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 46-0539758 |
rep. by |
Heather Kristine Hatfield
Porter Hedges 1000 Main 36th Fl Houston, TX 77002 713-226-6710 Email: hhatfield @ porterhedges.com John F Higgins, IV Porter Hedges LLP 1000 Main St Ste 3600 Houston, TX 77002-6336 713-226-6648 Fax : 713-226-6248 Email: jhiggins @ porterhedges.com Michael Shane Johnson Porter Hedges LLP 1000 Main Street, 36th Floor Houston, TX 77002 713-226-6769 Fax : 713-226-6369 Email: sjohnson @ porterhedges.com Megan Young-John Porter Hedges LLP 1000 Main St. 36th Floor Houston, TX 77002 713-226-6625 Email: myoung-john @ porterhedges.com Nicholas Zugaro Dykema Gossett PLLC 1401 McKinney Street 5 Houston Center Suite 1625 Houston, TX 77010 713-904-6900 Fax : 214-462-6401 Email: Nzugaro @ dykema.com |
| Debtor In Possession Amscan Custom Injection Molding, LLC 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 47-4124238 |
rep. by |
Amscan Custom Injection Molding, LLC
PRO SE |
| Debtor In Possession Amscan Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 13-1771359 |
rep. by |
Amscan Inc.
PRO SE |
| Debtor In Possession Amscan Purple Sage, LLC 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 47-4653514 |
rep. by |
John F Higgins, IV
(See above for address) |
| Debtor In Possession Am-Source, LLC 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 05-0518427 |
rep. by |
Am-Source, LLC
PRO SE |
| Debtor In Possession Anagram Eden Prairie Property Holdings LLC 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 41-1918309 |
rep. by |
Anagram Eden Prairie Property Holdings LLC
PRO SE |
| Debtor In Possession Party City Corporation 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 22-3033692 |
rep. by |
Party City Corporation
PRO SE |
| Debtor In Possession Party City Holdings Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 20-1033029 |
rep. by |
Party City Holdings Inc.
PRO SE |
| Debtor In Possession Party Horizon Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 82-1265812 |
rep. by |
John F Higgins, IV
(See above for address) |
| Debtor In Possession PC Intermediate Holdings, Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 46-0621229 |
rep. by |
John F Higgins, IV
(See above for address) |
| Debtor In Possession PC Nextco Finance, Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 46-3332091 |
rep. by |
PC Nextco Finance, Inc.
PRO SE |
| Debtor In Possession PC Nextco Holdings, LLC 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 46-3277285 |
rep. by |
PC Nextco Holdings, LLC
PRO SE |
| Debtor In Possession Print Appeal, Inc. 11220 Pagemill Rd. Dallas, TX 75243 DALLAS-TX Tax ID / EIN: 75-2955832 |
rep. by |
Print Appeal, Inc.
PRO SE |
| Debtor In Possession Trisar, Inc. 100 Tice Blvd. Woodcliff Lake, NJ 07677 BERGEN-NJ Tax ID / EIN: 95-3420659 |
rep. by |
Trisar, Inc.
PRO SE |
| Trustee Ankura Trust Company, LLC, as (a) DIP Agent, (b) Trustee under that Indenture for the Party City Holdings Inc. Senior Secured First Lien Floating Rate Notes due 2025, dated as of July 30, 2020, and (c) 8.750% Senior Secured First Lien Notes due 2026, dated February 19, 2021 |
rep. by |
Stephen Richard Tetro, II
Chapman and Cutler LLP 320 S. Canal St. Chicago, IL 60606 312-845-3000 Fax : 312-993-9767 Email: stetro @ chapman.com |
| U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 |
rep. by |
Andrew Jimenez
DOJ-Ust 515 Rusk Street, Suite 3516 Houston, TX 77002 713-718-4668 Fax : 713-718-4670 Email: andrew.jimenez @ usdoj.gov Jayson B. Ruff Office of the United States Trustee 515 Rusk St. Ste. 3516 Houston, TX 77002 713-718-4650 Fax : 713-718-4670 Email: jayson.b.ruff @ usdoj.gov |
| Creditor Committee Official Committee of Unsecured Creditors |
rep. by | Steven William Golden
Pachulski Stang Ziehl & Jones LLP 780 Third Avenue 34th Floor New York, NY 10017 212-561-7700 Email: sgolden @ pszjlaw.com Michael D Warner Pachulski Stang Ziehl & Jones LLP 700 Louisiana Street Suite 4500 Houston, TX 77002 713-691-9385 Email: mwarner @ pszjlaw.com |