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Published on 3/23/2007 in the Prospect News Distressed Debt Daily.

Hancock Fabrics looks to hire firm to provide interim management, temporary staff

By Caroline Salls

Pittsburgh, March 23 - Hancock Fabrics, Inc. requested court approval to hire Corporate Revitalization Partners, LLC to provide interim management and temporary staff to the company and to assist in its restructuring, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

According to the motion, Corporate Revitalization's David Hull will serve as Hancock's executive vice president and chief operating officer; Jeff Nederland will serve as executive vice president and chief financial officer; and Brandon Smith will serve as vice president, assistant operating officer and assistant financial officer.

A hearing is scheduled for April 12.

Hancock Fabrics, a Baldwyn, Miss., specialty retailer of fabric and related home sewing and decorating accessories, filed for bankruptcy on March 21. Its Chapter 11 case number is 07-10353.


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