The nebraska book company announced the closing of seven offcampus bookstore locations around the united states on jan. United states bankruptcy court united states bankruptcy court. Forms district of nebraska united states bankruptcy court. The lincoln, nebased company operates about 280 bookstores on or near college campuses and is a large wholesaler of textbooks. Subscribe for a full year and receive two months free. Also, the company was closing its retail division and getting out of the business and declaring bankruptcy to reorganize. Nebraska book company nbc in june 2011 filed for chapter 11 bankruptcy protection due to declining sales and mounting losses, driven by a shift to online book purchases along with the recessions impact on continuing education. You must be a nebraska resident for at least 730 days before filing the bankruptcy petition to use nebraskas exemptions. We provide standard after hours customer support for both pos and ics 247. Nebraska book company nbc or the company, an industry leader in solutions for the college bookstore marketplace, today announced that it has reached an agreement that will substantially reduce debt at the parent company level and position itself for future growth.
These laws are extremely detailed and specific, so you may want to refer to an attorney or do some research of your own before considering ne bankruptcy. The delay will also give the company more time to try to satisfy the loan arrangers desire for final financial results from the companys back. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of justia. Nebraska book company announces new debt facility and balance. Nebraska book bondholders continue to forebear wsj. The lincoln, nebraska based company operates about 280 bookstores on or near college campuses, and is a large wholesaler of textbooks. Sep 20, 2011 nebraska book delays key bankruptcy hearing.
Nebraska book emerges from chapter 11, still planning. Second amended joint plan of reorganization of nebraska book. Disclosure statement means the disclosure statement relating to the second amended joint plan of reorganization of nebraska book company, inc. May 30, 2019 spouses who file a joint bankruptcy in nebraska can double the exemption amount in each category except for the homestead as long as both spouses have an ownership interest in the asset. To reach us after hours, call 8005103911 and follow the options, you will then be connected to a. Nebraska book companys customer base includes students, parents, faculty and alumni.
Went through bankruptcy, department moved to il, sold stores to cometitor. Nebraska book company s customer base includes students, parents, faculty and alumni. Invoices are printed and extended alphabetically by author to ease the checkin process. Both companies cited too much debt and falling sales in brickandmortar stores in their filings. Nebraska book company announces new debt facility and. The company provides wholesale textbook distribution and technology services to approximately 2,500 bookstores. Bankruptcy court district of nebraska public access to court resources and case information district of nebraska document filing system search electronic database for bankruptcy case files. The company emerged from a structured bankruptcy three years ago, and since then has been aggressively paying off debt and. On, or as soon as practicable following the effective date under the third amended joint plan of reorganization of nebraska book company, inc. Prnewswire cengage, elsevier, macmillan learning, mcgrawhill education, and pearson together with textbook distributors nebraska. Official bankruptcy formsprocedural forms official bankruptcy forms must be used to file and take action in bankruptcy cases. Nbc announced today, july 31, 2018, that it has successfully eliminated the substantial majority of its long.
Nebraska book was founded in 1915 with a single bookstore near the university of nebraska campus. An updated set of laws exists of the official district of nebraskas website under nebraska bankruptcy procedure. I have been working at nebraska book fulltime for more than a year. Public access to court electronic records pacer public access to court electronic records pacer is an electronic public access service that allows users to obtain case and docket information from federal appellate, district and bankruptcy courts, and the pacer case locator via the internet. The venerable owner of college bookstores declared bankruptcy in 2011 and. To celebrate them, we plan various appreciation events throughout the year ranging from companywide movie days and luncheons to holiday activities and prize giveaways. Mar 18, 2020 nebraska bankruptcy cases filed in nebraska. May 31, 2016 bondholders of nebraska book holdings inc. The venerable owner of college bookstores declared bankruptcy in 2011 and then in 2015 shut down its flagship store in downtown lincoln and.
I have been working at nebraska book fulltime for more than 3 years. Jul 31, 2018 nebraska book company announces new debt facility and balance sheet restructuring. United states bankruptcy court, district of delaware. Immediate response to textbook availability all orders are picked, packed and shipped right away, usually the same day received. The largest online computerized textbook inventory. Nbc announced today, july 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of.
The flexible financing provides opportunity for growth and continued stability. Files for chapter 11 jun 27, 2011 nbc acquisition corp. Nebraska book the firm represented as cocounsel nebraska book company and related affiliates in their chapter 11 bankruptcy case in delaware. Nebraska book i love the smell of bankruptcy in the morning. Second amended joint plan of reorganization of nebraska. The company emerged from a structured bankruptcy three years ago. Nebraska book co, one of the largest college bookstore operators, filed for bankruptcy protection to restructure its debt after seeing sales drop and losses mount as more customers shop online. Cmecf case info district of nebraska united states. Nebraska book company underwent a digital transformation that. Nebraska book companys plan of reorganization confirmed. Textbook distributor nebraska book company adopts the epeg. Procedural forms also may be necessary for use during the course of some bankruptcy proceedings. In 20, bostonbased investment partnership mast capital emerged as the companys main owner, but even postbankruptcy, it was not an easy go. Nebraska book company began in 1915 with a single bookstore near the university of nebraska campus and now operates 251 stores serving colleges and.
Nebraska book said to weigh bankruptcy as maturities loom. Jun 11, 2015 60 lincoln jobs to be lost as nebraska book co. Bankruptcy code the company stops all operations and goes completely out of business. Through the firms efforts, the company successfully confirmed a chapter 11 plan that provided for a significant restructuring of the companys assets and allowed it to emerge as a healthy goforward.
May 23, 2012 nebraska book intended originally to pass quickly through bankruptcy following the chapter 11 filing in june 2011. In 2010 the company rebranded its retail operations as neebo. Company bankruptcy information for nebraska book company, inc. These filings and docket sheets should not be considered findings of fact or liability, nor. This position of management of college retail bookstores for nebraska book company came to an end when i decided to pastor the church full time. Parties, docket activity and news coverage of federal case nebraska book company, inc. College bookstore chain nebraska book is bankrupt reuters. Nebraska book in expansion mode after years of cuts local.
Nebraska book company is getting out of the business of running. All orders are picked, packed and shipped right away, usually the same day received. Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Nebraska bookstore to remain on campus despite nebraska. Nebraska book company maintains a constantly changing inventory of several million quality used college textbooks. The last few years have been tough for nebraska book co.
United states bankruptcy court united states bankruptcy. Jun 27, 2011 nebraska book co, one of the largest college bookstore operators, filed for bankruptcy protection to restructure its debt after seeing sales drop and losses mount as more customers shop online. Nebraska book may seek bankruptcy protection if its unable to. Nebraska book company is a systems developer, a solutions provider and even a textbook distributor, but also a partner to the independent college retailer. Company bankruptcy information for nebraska book company. Bangalorenew york reuters nebraska book co, one of the largest college bookstore operators, filed for bankruptcy protection to. Nebraska book company began in 1915 with a single bookstore near the university of nebraska campus and now operates 251 stores serving colleges and universities with. To download the latest version of adobe reader, click here. Nebraska book company got one more step closer to exiting chapter 11 bankruptcy with yesterdays signed order for the amended and restated plan support agreement, filed earlier this month. Founded in 1915 as a bookstore near the university of nebraska, nbc emerged from chapter 11 bankruptcy protection in 2012. Nebraska book emerges from chapter 11, still planning growth.
He said the company had to make a lot of hard decisions over the past. Securities and exchange commission states that under chapter 7 of u. Bookstore firm follett buys nebraska book companys stores. For more information about nebraska book company, please visit our homepage. Search electronic database for bankruptcy case files nebraska state bar association free referrals to bankruptcy lawyers and low income legal services search for offline assetsearch providers on anyone in ne. Nbc announced today, july 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of its legacy long. By investing in new technologies and utilizing data science, nebraska book company has sought to futureproof its diverse portfolio. Nebraska book, whose 280 locations make it among the largest u. Nbc supports the collegiate retail industry by providing comprehensive textbook solutions, retail. The lincoln, nebraskabased company operates about 280 bookstores on or near college campuses, and is a large wholesaler of textbooks.