Handy Hardware Wholesale Inc. Emerges from Bankruptcy

On July 25, 2013, the United States Bankruptcy Court for the District of Delaware confirmed Handy Hardware Wholesale, Inc.’s Modified Second Amended Plan of Reorganization, which was supported by each of the company’s primary secured lenders as well as both the Official Committee of Unsecured Creditors and Official Committee of Equity Security Holders.  The Plan is premised upon the sale of substantially all the assets of Handy Hardware to an affiliate of Littlejohn Management Holdings, LLC for approximately $30 million in total consideration.  On August 5, 2013, the sale to Littlejohn closed and the Plan became effective.

A team of Ashby & Geddes’ bankruptcy attorneys, including Bill Bowden, Greg Taylor, Amanda Herrmann, Ben Keenan and Stacy Newman, served as lead bankruptcy counsel to Handy Hardware.