Posted in : comic strip , Current News| Tagged : failure , diamond
The auction bridge for Diamond Comic Distributors will be sustain in New York City in one hour ’s fourth dimension … anyone fancy pop by ?
Article Summary
The auction sale of Diamond Comic Distributors , in the lighter of its declaration of Chapter 11 bankruptcy , will be held at the offices of Raymond James & Associates , 320 Park Avenue , 12th Floor , New York in one hour ’s time . flop here .
The contingent of the vendue were posted publicly in the classified section of local newsprint . Which are , presumably , what they are still legally ask to do and may be stopping local public press going out bankrupt themselves …
PUBLIC NOTICES IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MARYLAND ( BALTIMORE DIVISION )
In reDIAMOND COMIC DISTRIBUTORS , INC.,et al . ,Debtors . display case No . 25 - 10308 ( DER ) Chapter 11 ( Jointly Administered )
NOTICE OF PROPOSED SALE OF SUBSTANTIALLY ALL OF DEBTORS ' asset , spare AND CLEAR OF ALL LIENS , CLAIMS AND ENCUMBRANCES , AND SALE HEARING
PLEASE TAKE NOTICE that , on January 14 , 2025 , Diamond Comic Distributors , Inc. , Comic Holdings , Inc. , Comic Experts , Inc. , and Diamond Select Toys & Collectibles , LLC ( conjointly the " Debtors " ) , charge voluntary petitions for ministration under chapter 11 of the Bankruptcy Code in the above - captioned Bankruptcy Court . On February 11 , 2025 , the Bankruptcy Court entered an order ( the " Bid Procedures Order " ) instal process by which the Debtors may deal substantially all their plus , free and clear of all lien , title , and load . On February 21 , 2025 , the Debtors file a motion look for favorable reception of such sale(s ) . The chart below describes the Debtors ' assets being marketed for cut-rate sale :
THE DEADLINE TO SUBMIT BIDS ISMARCH 19 , 2025 . THE BID PROCEDURES ORDER provide THE DETAILS FOR THE SUBMISSION OF A BID . ANY expostulation TO THE SALE(S ) MUST ( I ) BE MADE IN authorship , ( II ) STATE WITH PARTICULARITY THE footing FOR THE RESPONSE OR expostulation , ( III ) adapt TO THE BANKRUPTCY RULES AND THE LOCAL BANKRUPTCY RULES , ( IV ) BE FILED WITH THE royal court ON OR BEFOREMARCH 14 , 2025 , AND ( V ) BE SERVED ON THE next PARTIES : ( A ) PROPOSED COUNSEL TO THE DEBTORS , SAUL EWING LLP , 1500 securities industry STREET , 38TH FLOOR , PHILADELPHIA , PENNSYLVANIA 19102 , ATTN : JEFFREY C. HAMPTON ( jeffrey.hampton@saul.com ) AND ADAM H. ISENBERG ( adam.isenberg@saul.com ) , AND 1201 N. MARKET STREET , SUITE 2300 , WILMINGTON , DELAWARE 19801 , ATTN : PAIGE N. TOPPER ( paige.topper@saul.com ) ; ( barn ) COUNSEL TO THE DIP LENDER , TROUTMAN PEPPER LOCKE LLP , 111 HUNTINGTON AVENUE , 9TH FLOOR , BOSTON , MASSACHUSETTS 02199 , ATTN : JONATHAN W. YOUNG ( jonathan.young@troutman.com ) AND DAVID RUEDIGER ( david.ruediger@troutman.com ) ; ( cytosine ) THE authority OF THE UNITED STATES legal guardian FOR THE DISTRICT OF MARYLAND , ATTN : GERARD R. VETTER ( gerard.r.vetter@usdoj.gov ) ; ( D ) PROPOSED COUNSEL TO THE COMMITTEE , LOWENSTEIN SANDLER LLP , 1251 AVENUE OF THE AMERICAS , NEW YORK , NEW YORK 10020 , ATTN : BRUCE S. NATHAN ( bnathan@lowenstein.com ) AND GRIFANCO FINIZIO ( gfinizio@lowenstein.com ) ) , AND YLDINGS & ROSENBERG LLP , ONE E. PRATT ST . , SUITE 901 , BALTIMORE , MARYLAND 21202 , ATTN : STEPHEN B. GERALD ( sgerald@yldings.com ) ) , AND DENNIS J. SHAFFER ( dshaffer@yldings.com ) ) ; AND ( E ) COUNSEL TO THE STALKING HORSE BIDDER , WHITEFORD , TAYLOR & PRESTON LLP , 8830 STANFORD BLVD . , SUITE 400 , COLUMBIA , MARYLAND 21045 , ATTN : BRENT C. STRICKLAND ( bstrickland@whitefordlaw.com ) ) .
THE HEARING TO CONSIDER APPROVAL OF THE SALE IS schedule FORMARCH 27 , 2025 , AT 10:00 A.M. ( EST)AT THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MARYLAND , 101 W. LOMBARD ST . , COURTROOM 9 - D , BALTIMORE , MARYLAND 21201 . COPIES OF document RELATED TO THE cut-rate sale AS WELL AS OTHER papers file IN THE DEBTORS ' CHAPTER 11 CASES ARE AVAILABLE FREE OF flush ON THE DEBTORS ' CASE entropy WEBSITE , LOCATED AThttps://cases.omniagentsolutions.com/home?clientId=3721 , OR CAN BE REQUESTED BY CALLING THE DEBT
Here is what led up to it .
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