hhgregg, Inc. filed a motion in the US Bankruptcy Court seeking the dismissal of its Chapter 11 bankruptcy case on November 30, 2023. Debtors are no longer in business and are well on the way to liquidating the handful of Litigation Claims and what other assets remain in the estates. With no business to reorganize, and the liquidation of the Litigation Claims not expected to yield recoveries for general unsecured creditors, there is no economic or legal justification to pursue a plan of reorganization or liquidation.
hhgregg, Inc. is an online retailer that operates a retail chain of consumer electronics and home appliances in the Midwest, Northeast, and Southeast United States, which operates stores in approximately 20 states. The Company offers a range of products categories, which include mobiles, computers and office, cameras and video, electronics, pro audio, home and kitchen. Its mobile products include cellphones and accessories, and wearable technology. Its computer products include desktops, laptops, hardware, telephones, and office accessories. The Companyâs electronics products include global positioning systems (GPS) and auto, television, home theater, audio headphones, and gaming. Its pro audio products include microphones, pro headphones, studio recording, audio systems, speakers, audio components, portable audio, and musical instruments. Its home and kitchen products include kitchen utensils, luggage, and bags. It offers global and local brands across the nation through hhgregg.com.