Former Packable eyes cash collateral use through mid-February

By Sarah Lizee

Olympia, Wash., Jan. 13 – Pack Liquidating, LLC, formerly Packable Holdings, LLC, is hoping to continue using cash collateral through mid-February, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.

While the liquidation of the debtor’s assets has continued, the official committee of unsecured creditors, the debtors and the ABL agent have engaged in discussions concerning the committee’s requests for certain documents and information from, among others, the debtors and the ABL agent.

Both of these processes remain ongoing, and the parties have agreed to further extend the use of cash collateral, with a final hearing scheduled for Feb. 15.

The committee’s objection deadline was extended to Feb. 8.

The parties have also agreed to extend the committee’s challenge period through the earlier of March 3 and the deadline to object to confirmation of a Chapter 11 plan.

Packable is a Hauppauge, N.Y.-based e-commerce company that operates as a third-party seller of health, beauty and other consumer products on online marketplaces. The company filed bankruptcy on Aug. 28 under Chapter 11 case number 22-10797.

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