Mintz is pleased to announce that the firm was retained by The Paper Store, LLC to represent the consumer retail company in its Chapter 11 bankruptcy case, which is pending in the U.S. Bankruptcy Court for the District of Massachusetts. Based in Acton, Massachusetts, and founded over 55 years ago, The Paper Store has grown into one of the leading specialty gift chains in the Northeast, with 86 locations in seven states and nearly 2,000 employees.
Mintz worked closely with The Paper Store prior to the company filing its bankruptcy case on July 14, 2020, and has since continued to advise the company as debtor’s counsel during its bankruptcy proceedings. In September 2020, The Paper Store sold substantially all of its assets to TPS Group Holdings, LLC.
The Mintz team representing The Paper Store in its bankruptcy proceedings is led by Member Paul Ricotta and includes Member Kevin Walsh, Special Counsel Kaitlin Walsh, and Associates Timothy McKeon and Eric Blythe.
Mintz’s market-leading Bankruptcy & Restructuring Practice is ranked in Band 1 in Massachusetts by Chambers USA, and several of the firm’s practitioners are recognized as individual leaders in Bankruptcy/Restructuring law. The national practice specializes in debtor representation, bondholder representation, municipal insolvencies, and distressed asset sales. The team has represented clients across various industries including retail and consumer products, energy and sustainability, pharmaceuticals, and manufacturing, among others, in restructuring and reorganizing their debt. In addition, firm attorneys have extensive experience in all aspects of restructurings, including the formulation and confirmation of reorganization plans, cramdown litigation, relief from stay litigation, cash collateral and adequate protection negotiations, debtor in possession financing, asset sales, valuation trials, avoidance actions, bankruptcy appeals, and more.