Hancock Fabrics plans going-out-of-business sale at Columbus store

By Caroline Salls

Pittsburgh, Jan. 8 - Hancock Fabrics, Inc. requested court approval to hold a going-out-of-business store closing sale at its Columbus, Ga., retail store and to cease operations at that store, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

According to the motion, the landlord of the Columbus store is attempting to terminate Hancock's lease, so the company must hold a going-out-of-business sale to realize the value of the assets to be liquidated.

A hearing is scheduled for Jan. 10.

Hancock Fabrics, a Baldwyn, Miss., specialty retailer of fabric and related home sewing and decorating accessories, filed for bankruptcy on March 21, 2007. Its Chapter 11 case number is 07-10353.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.