RTW Retailwinds’ available case record is anchored in its July 13, 2020 chapter 11 filing and first-day declaration, with no later plan, sale, confirmation, or hearing milestones included in this context pack. The debtor commenced the case in New Jersey as a specialty women’s omnichannel retailer operating hundreds of stores and an eCommerce platform, after entering chapter 11 through the Voluntary PetitionDkt. 1.
The first-day record frames the case around a retail operating business carrying approximately $24.1 million under a prepetition ABL revolving credit facility agented by Wells Fargo Bank, N.A., secured by first-priority liens on substantially all assets other than intellectual property, including receivables, inventory, deposit accounts, securities accounts, cash, and cash equivalents. That capital structure and collateral package are described in the Shapiro First Day DeclarationDkt. 25, with supporting exhibits filed the same day in the Shapiro Declaration ExhibitsDkt. 28.
The available materials therefore support only an early-case posture: RTW Retailwinds entered chapter 11 with a secured ABL lender at the center of the estate’s collateral base, but the context pack does not include the later restructuring path, whether through financing, going-concern or liquidation sales, a plan, dismissal, conversion, or closing order.
