Former Packable receives final approval to access cash collateral

By Sarah Lizee

Olympia, Wash., May 10 – Pack Liquidating, LLC, formerly Packable Holdings, LLC, received final approval to access cash collateral, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Adequate protection has been granted to the company’s asset-based lending agent and lenders, and term loan agent and lenders.

The committee’s challenge period runs through July 31.

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, 2022 under Chapter 11 case number 22-10797.

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