By NEMS Daily Journal
BALDWYN – The U.S. Bankruptcy Court for the District of Delaware has closed all of the cases filed under Chapter 11 against Baldwyn-based Hancock Fabrics.
Because of the final decree issued last week, Hancock no longer is required to file quarterly trustee reports and has no further obligations to pay fees associated with the bankruptcy cases.
In a filing with the U.S. Securities and Exchange Commission, Hancock said a single unresolved claim remains outstanding, and the company is required to post a letter of credit for $752,000 as security for that claim.
Hancock and its affiliated companies filed for voluntary Chapter 11 bankruptcy protection on March 21, 2007. On Aug. 1, 2008, the craft and fabric retailer emerged from bankruptcy.
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