The company’s senior secured lenders may access $7 million from a letter of credit to partially satisfy their claims, potentially shifting new reimbursement obligations onto Bargain Hunt. Meanwhile, the retailer has petitioned the court for approval to use cash collateral to facilitate its liquidation or potential sale.
Future of Bargain Hunt’s Stores
As Bargain Hunt moves through bankruptcy proceedings, it remains uncertain whether any of its 92 stores will remain open or if a buyer will step in to salvage the business. If no sale materializes, the company will shutter its locations permanently.
