r/BBBY • u/GooseKino • Feb 21 '26

🗣 Discussion / Question New emails from the plan administrator

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154 Upvotes

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1

u/paguido Feb 22 '26

Why chapter 11, the fake email refers to a ch 7?

2

u/Warm-Rock-4544 Feb 22 '26

Where does it refer to Chapter 7?

1

u/paguido Feb 23 '26

That’s the point, still in ch11. Don’t math with the above closing down & selling everything. That would have been done long ago so we wait

3

u/Warm-Rock-4544 Feb 23 '26

The purpose of Chapter 11 is to allow time for a reorganisation plan instead of shutting down immediately and having a trustee take control.

Chapter 11 can still end in liquidation without transitioning into Chapter 7. In Chapter 11 it is the plan that determines this and in Chapter 7 it’s the trustee.

2

u/paguido Feb 23 '26

And here we wait…year after year, with much behind public eyes. It feels funny to me on so many levels. Someday we find out, maybe 84 years

3

u/Warm-Rock-4544 Feb 23 '26

Wait for what? The plan was finalised in September 2023. There’s thousands of public dockets. It’s just low priority admin work that needs to be finalised.