Tuesday Morning cancels sale plans, will file plan of reorganization

By Sarah Lizee

Olympia, Wash., Oct. 27 – Tuesday Morning Corp. said it will no longer seek to sell its assets and will instead seek approval of a plan of reorganization, according to a notice filed Monday in the U.S. Bankruptcy Court for the Northern District of Texas.

A hearing on approval of the disclosure statement is set for Nov. 9.

The sale hearing previously scheduled for Oct. 29 has been cancelled.

The company said it reserves its right to pursue a sale of some or substantially all of its assets if it determines that it would be in the best interest of its estates.

Tuesday Morning is a discount off-price retailer based in Dallas. The company filed bankruptcy on May 27 under Chapter 11 case number 20-31476.

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