Argo Partners Buys Claims Worth $3.4M in Forever, Inc.
December 13, 2021, District of Delaware – Argo Partners, Inc., an investment firm specializing in purchasing potential future cash flows of distressed and bankrupt companies, purchases claim worth $3.4M (Claim Nos. 3241 and 1800 for $2,607,678.60 and $824,752.05) from Regentex Apparel Limited in the Forever, Inc. bankruptcy.
Popular fashion retailer, Forever 21, Inc. and seven affiliated debtors filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware on September 29, 2019. The cases are pending before the Honorable Mary F. Walrath and are jointly administered under Case No. 19-12122.