Bed Bath & Beyond Inc (fka BBBYQ)

[shajandr]

And, voila, liquidation. BBBYQ states that it is using Chapter 11 only for an orderly sell off of the remaining assets as it liquidates. Sounds like they realized they cannot put together an acceptable reorg plan and instead they are winding up the business.

"While the retailer has begun a liquidation sale, it intends to use the Chapter 11 proceedings to conduct a limited sale and marketing process for some or all of its assets, according to the statement."

https://www.reuters.com/business/retail-consumer/bed-bath-beyond-files-bankruptcy-protection-after-long-struggle-2023-04-23/

Anyone holding BBBYQ common stock should pay the fee to gett those shares certificated so they can be framed and hung next to the Enron share certs between the Global Crossing certs and the Toys R'Us certs on the wailing wall. Right under the framed Lehman Brothers cert and above the Silicon Valley Bank cert..