- What is the Official Committee of Unsecured Creditors?
- What is the role of the Official Committee of Unsecured Creditors?
- Who are the members of the Official Committee of Unsecured Creditors?
- Who represents the Official Committee of Unsecured Creditors?
- Who is the judge presiding over the Hancock Fabrics cases?
- Who is the United States Trustee in the Hancock Fabrics cases?
- What role does the United States Trustee play in the Hancock Fabrics cases?
- Why am I receiving information about these cases?
- Do the Debtors do business under any other names? Who is the "et al." in "Hancock Fabrics, Inc., et al."?
- Do I need to file a proof of claim?
- What is the deadline for filing a proof of claim?
- Can I send my proof of claim to the courthouse?
- How can I confirm that my proof of claim has been received?
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1. What is the Official Committee of Unsecured Creditors?
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The Official Committee of Unsecured Creditors is appointed by the United States Trustee to ensure that creditor interests are properly safeguarded in a chapter 11 bankruptcy case.
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2. What is the role of the Official Committee of Unsecured Creditors?
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The basic function of the Official Committee of Unsecured Creditors is to act as both watchdog and advisor of the Debtors. The general duties of the Official Committee of Unsecured Creditors are set out in the Bankruptcy Code. The Official Committee of Unsecured Creditors may employ legal counsel or other consultants, confer with the Debtors in the administration of the estate, conduct investigations into the Debtors' financial affairs, participate in plan formation, and generally represent the interests of creditors.
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3. Who are the members of the Official Committee of Unsecured Creditors?
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The current members of the Official Committee of Unsecured Creditors are: (i) Developers Diversified Realty Corp.; (ii) Janome America, Inc.; (iii) Prescott Group Aggressive Small Cap Master Fund GP.; (iv) Textile Creations, Inc.; (v) West Broadway Book Distribution, LLC (a/k/a SOHO Publishing Company).
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4. Who represents the Official Committee of Unsecured Creditors?
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The Official Committee of Unsecured Creditors has retained Saul Ewing LLP (“Saul Ewing”) and Cooley Godward Kronish LLP ("Cooley") as its bankruptcy counsel, and Grant Thornton, LLP as its financial advisors. You can contact Brent Weisenberg at Cooley at (212) 479-6651.
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5. Who is the judge presiding over the Hancock Fabrics cases?
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The Hancock Fabrics cases are assigned to the Honorable Brendan Linehan Shannon, United States Bankruptcy Judge for the District of Delaware. The phone number for the United States Bankruptcy Court for the District of Delaware is (302) 252-2900.
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6. Who is the United States Trustee in the Hancock Fabrics cases?
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The United States Trustee for the Hancock Fabrics cases is Richard Schepacarter. You can contact the United States Trustee at (302) 573-6491.
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7. What role does the United States Trustee play in the Hancock Fabrics cases?
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The United States Trustee is a public official whose general responsibility is to ensure that the public interest is being properly served in the administration of bankruptcy cases. The United States Trustee has extensive duties, including monitoring chapter 11 plans, ensuring that debtors are properly filing fees, schedules, and reports, watching for debtor abuse and other illicit behavior, and assisting the U.S. Attorney in prosecuting crimes committed in the course of a bankruptcy case.
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8. Why am I receiving information about these cases?
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Certain notices (the "Notices") have been sent to all potential creditors in these cases. If you received a Notice, it is because you have done business with one or more of the Debtors in the past, most likely as a customer or as a vendor. A complete list of all the Debtors can be found on this website, under the link entitled Debtor List. The purpose of the Notice is to inform you of the Debtors’ bankruptcy filing, and to give you an opportunity to determine whether you wish to assert a claim against one or more of the Debtors. Please remember that Notices were sent to everyone who has done business with the Debtors, and the fact that you received a Notice does not necessarily mean that you have a claim against the Debtors. You should consult with your attorney to determine whether or not you have a claim.
For further information, you may wish to contact the Debtors’ claims agent, Donlin, Recano & Company, Inc.. They can be reached at (212) 481-1411.
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9. Do the Debtors do business under any other names? Who is the "et al." in "Hancock Fabrics, Inc., et al."?
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There are 7 separate debtor companies being jointly administered in these bankruptcy cases. For a complete listing of all the companies, click on the link entitled Debtor List on this website.
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10. Do I need to file a proof of claim?
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If you believe that you or an entity that you represent has a claim arising prior to March 21, 2007, against one or more of the Debtors, you should consult your own counsel in deciding whether to file a proof of claim. This website does not provide legal advice. To file a proof of claim, click on the link entitled Claims Information and download the Proof of Claim form. Fill out the form and send it to the debtors’ claims agent, Donlin, Recano & Company, Inc., along with copies of any relevant documentation. The address of the claims agent can be found on this website under Claims Information.
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11. What is the deadline for filing a proof of claim?
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The deadline to file a proof of claim in the Hancock Fabrics cases was August 9, 2007.
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12. Can I send my proof of claim to the courthouse?
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While the Debtors’ claims agent receives copies of proofs of claim sent to the courthouse, you should make sure to send a copy of your proof of claim and relevant documentation directly to the claims agent to ensure that proper processing of your claim. The address of the claims agent can be found on this website under Claims Information.
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13. How can I confirm that my proof of claim has been received?
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To determine if the Claims Agent, Donlin, Recano & Comapnay, Inc., has received your claim, please visit http://www.donlinrecano.com/cases/caseinfo.aspx?cl=hf. Once you have accepted the disclaimer, click on the menu selection at the top of the screen entitled "Search Creditors/Claims." Type in the name as it appears on the claim that you filed in the "Name" field and click the "Submit" button. If you have problems locating your claim on the website, please contact the Claims Agent at (212) 481-1411.
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NOTE: Although the Committee will update this FAQ from time to time, we cannot guarantee that all the information contained herein is fully up to date. |