Hancock Fabrics gets court OK for Georgia store sale and closure

By Rebecca Melvin

New York, Jan. 10 - Hancock Fabrics Inc. obtained court approval of its going-out-of-business sale and closure of its Columbus, Ga., retail store, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The assets sold or transferred in connection with the sale were cleared of any and all interests including liens, claims and encumbrances.

Last month, Hancock Fabrics obtained court approval to hold going-out-of-business sales at seven other stores.

Hancock Fabrics, a Baldwyn, Miss., specialty retailer of fabric and related home sewing and decorating accessories, filed for bankruptcy on March 21, 2007. Its Chapter 11 case number is 07-10353.

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