TSL Express Daily News

WILMINGTON, Del. — Top 100 retailer At Home Group and its affiliates filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on June 16.

In its filing, the Coppell, Texas-based company listed $1,000,000,001 to $10 billion in estimated assets vs. $1,000,000,001 to $10 billion in estimated liabilities to an estimated 10,001 to 25,000 creditors.

In addition to At Home Group, more than 40 affiliates are listed in the filing.

Over the past couple of months, reports have detailed some of the company’s problems. In late May, it was reported that At Home missed an interest payment on May 15 and entered a forbearance agreement with lenders on May 23. Reports from April noted that the retailer is working to restructure nearly $2 billion in debts.

In the First Day Declaration, At Home noted that over the past few years, it has faced a challenging commercial environment brought on by broader economic and retail-specific pressures. Increased interest rates, persistent inflations and concerns over unsustainable customs costs resulting from increased tariffs all placed significant pressure on its revenue and cost structure.

As part of the process, At Home filed an agreement with Hilco Merchant Resources to close 26 of its 260 stores with the possibility of more closings later. Those 26 locations were deemed “underperforming” by management and advisors.

Judge J. Kate Stickles was assigned to the case.