Are You a Creditor in Party City Bankruptcy?
You have rights! Our Firm can assist foreign and domestic creditors of Party City. Contact Us Today!
Party City filed for Chapter 11 bankruptcy protection on Tuesday, January 17, 2023 in the United States Bankruptcy Court Texas Southern , case number 4:23bk90005. Party City reported approximately $2,869,448,000 (billion) in assets and $3,022,960,000 (billion) in liabilities as of their last reporting on September 30, 2022.
What Went Wrong With Party City?
There are several issues that led to the bankruptcy of Party City: the helium shortage, tariffs on imports, and retail competition from Spirit Halloween, Target, and Walmart tariffs hurt sales, and Party City did not have a solid on-line presence or efficient retail systems to help get out from the company's high debt.
WE CAN HELP!
Our firm has been at the forefront of major retailer cases, such as Sears, Toys 'R Us, J. Crew, Brooks Brothers, and Coldwater Creek. We have recovered money for thousands of creditors. We will:
Represent our clients in all aspects of pursuing recovery against Party City.
Work to obtain Critical Vendor status for you.
File pleadings with the Bankruptcy Court to protect your rights.
Prepare your proof of claim for the bankruptcy court.
Provide constant communication with our clients on the bankruptcy process.
If you are foreign or domestic supplier with Party City who is owed money, you may be a creditor. Please contact us today by calling us at
(646) 403-9775 for a free consultation or by completing our contact form.
We are committed to fight for creditors rights.
Sarachek Law Firm
670 White Plains Road, Penthouse, Scarsdale, NY 10583
(646) 517-5420 Telephone (646) 869-4950 Fax