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Rite Aid Cleared For Quick Ch. 11 Sale Plans

By Clara Geoghegan · May 7, 2025, 9:37 PM EDT

A New Jersey bankruptcy judge on Wednesday approved retail pharmacy chain Rite Aid's plans to host a Chapter 11 auction next week for prescription files, drug inventory and other pharmacy assets...

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Bankruptcy Scorecard

Summary

Rite Aid Corp. filed for bankruptcy again — less than a year after getting an earlier reorganization plan approved — now seeking Chapter 11 protection in New Jersey bankruptcy court with over $2.1 billion in debt and plans for an asset sale.

Case Number

25-bk-14861

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

Roughly $2.2 billion

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Case Information

Case Title

Rite Aid Corporation

Case Number

3:25-bk-14731

Court

New Jersey

Nature of Suit

Date Filed

May 05, 2025