On July 11, 2019, Charming Charlie Holdings Inc., along with six of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11534-CSS). According to the accompanying Declaration, the Debtors – retailers of fashion jewelry, handbags, apparel, gifts, and beauty products – have continued to suffer from a liquidity crisis since emerging in 2018 from their prior bankruptcy cases (Lead Case No. 17-12906-CSS). The Debtors report that they currently have less than $50,000 in assets and between $50-100 million in liabilities. The cases have been assigned to the Honorable Christopher S. Sontchi, Chief Judge of the Delaware Bankruptcy Court.