Chapter 11 Bankruptcy Asset Sale Overview
Mandelbaum Barrett PC represents Francesca’s, a nationwide women’s clothing and accessories retailer, in its Chapter 11 bankruptcy proceeding. Shortly after the filing, the firm obtained approval for the sale of intellectual property assets, subject to higher or better offers. Through a robust marketing process, the team selected a stalking horse purchaser as the successful bidder.
The Bankruptcy Court approved the sale on March 12, 2026, and the transaction closed on March 18, 2026—just 41 days after the bankruptcy filing. Notably, the team resolved or withdrew all objections raised during the bankruptcy proceeding.
Experienced Team and Strategic Execution
This matter highlights Mandelbaum Barrett PC’s ability to guide clients through complex Chapter 11 bankruptcy matters with speed and precision. In addition, by combining bankruptcy, corporate, and real estate experience, the team delivered a strategic and efficient outcome aligned with client and creditor objectives.
Moreover, the firm advises businesses, lenders, and stakeholders on complex 11 bankruptcy matters, distressed transactions, restructurings, and insolvency matters. As a result, it regularly supports clients through financial restructuring, asset sales, and court-approved transactions, helping them navigate challenging situations and achieve practical results.
In matters involving distressed assets, timing and coordination are critical. Throughout the process, the team worked closely with key stakeholders to maintain momentum within the Chapter 11 bankruptcy proceeding. As a result, they were able to address issues efficiently and support a competitive and timely sale. Overall, this approach reflects the firm’s broader experience guiding clients through complex financial situations with practical, results-driven strategies.
The team was led by Vincent J. Roldan and included Melody M. Block, Katie Warren, Jeffrey M. Rosenthal, Liza L. Conselyea, Charles J. Butrico, and Andrew Gimigliano in connection with this bankruptcy proceeding.
For a general overview of the process, see Chapter 11 basics provided by the U.S. Courts. To learn more about Mandelbaum Barrett’s Chapter 11 bankruptcy and financial restructuring capabilities, please contact our team.