Forever 21: $1.58B Debt and Cash Collateral Liquidation
F21 OpCo, the U.S. operator of Forever 21, filed chapter 11 in Delaware on March 16, 2025, carrying $1.582 billion in funded debt. No going-concern buyer emerged; the liquidating plan was confirmed June 24 and went effective June 30, 2025.
PrenegotiatedConsumer & retail