Episode Details

What do you make of today’s hearing? To me it sounds like a court battle is planned in the QVC bankruptcy, in which investors of the sort sometimes referred to as “vulture investors” - that allegedly bought stakes in QVC when it was already financially distressed - will put on evidence towards trying to propose a different plan for QVC to exit bankruptcy under which they are paid more than the smooth sail in and out of bankruptcy the company lawyers would have preferred.

This kind of contentious litigation may be concerning to QVC suppliers, insurers and other interested parties - at a minimum because it is costly and preparation for hearings such as the upcoming distracts bankrupt companies’ management. Maybe that is why the planning hearing is so vague as to what is going on, avoiding references to QVC or the Home Shopping Network? I don’t know. This hearing seemed exceptionally vague. And I thought I heard a reference to an objection deadline of tomorrow but I am not sure. I think things may be possibly be moving too quickly for there to be time for parties to come forward and be heard in the case, but it’s hard to say when what is going on isn’t clear. More information about the QVC bankruptcy is available here including points of contact if people have questions about what is going on in the bankruptcy and deadlines: https://restructuring.ra.kroll.com/QVC/

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