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Oak Point Partners, LLC acquires remnant assets of Deb Stores Holding LLC, et al.

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 December 21, 2018 – Oak Point Partners acquired the remnant assets of Deb Stores Holding LLC, et al., in December 2018. On December 4, 2014, Deb Stores and its affiliates filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, jointly administered under Case No. 14-12676. Thereafter, an order was entered which retained and appointed a Chief Restructuring Officer, vested with the power to manage and administer Deb Stores throughout the course of the bankruptcy proceedings. Later, an order to dismiss the case was entered, which appointed a Wind-Down Agent, charged with overseeing the dissolution of Deb Stores.

About Deb Stores Holding LLC, et al.

Deb Stores operated in the United States as a mall-based retailer of young women’s apparel, accessories, and shoes for junior and plus-sized customers between the ages of 13 and 25. At the time of its bankruptcy filing, the company operated 295 stores.

Deb Stores also operated under several trade names including Atlantic Book Stores, Deb Shops, Inc., and Tops N Bottoms.

The former headquarters of Deb Stores was located in Philadelphia, PA. The company also had a corporate address in Wilmington, DE.

The post Oak Point Partners, LLC acquires remnant assets of Deb Stores Holding LLC, et al. appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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