Bankruptcy Blog
April 25, 2022
Say what you mean; Mean what you say
Toys R Us filed for Chapter 11 protection in September 2017 with more than $5 billion in funded debt, arising mostly out of financing owners received to fund taking the company private.
Ultimately, under a confirmed Chapter 11 plan, which incorporated a settlement among interested parties, Toys R Us gave a near total release of all avoidance actions to pre- and post-petition creditors.