topic Re: Chapter 11 Favorable Court Ruling Today in Q Talk

Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 02:25:44 GMT

The Bankruptcy Court Judge overseeing QVC Group’s Chapter 11 case issued a major ruling in favor of QVC today.

QVC Group’s Plan of Reorganization was approved and claims and challenges brought by preferred shareholders were essentially dismissed.

The Plan should now move forward with issuance of new equity to debtholders, followed by appointment of a new Board of Directors. New equity is expected to be listed and trade on an exchange.

"Upon emergence, the Company's total debt will be reduced from approximately $6.6 billion to $1.325 billion, and all vendors will have their claims paid in full or reinstated."

Any changes after that in terms of business operations remain to be seen!

Re: Chapter 11 Favorable Court Ruling Today

Lovestheshores — Thu, 16 Jul 2026 02:42:55 GMT

Thank you @They CallMe MRWILKES.

Re: Chapter 11 Favorable Court Ruling Today

SurferWife — Thu, 16 Jul 2026 02:49:43 GMT

I'm not sure I even understand what that means. What happens to the other 5.275 billion in debt? Is it just dismissed?

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 03:21:48 GMT

It's essentially exchanged for the value of new equity:

Old Debt = New Debt + Equity

Re: Chapter 11 Favorable Court Ruling Today

Tori3569 — Thu, 16 Jul 2026 02:57:21 GMT

I've just seen no fewer than 3 other posts where members are blaming some random issue on " the chapter 11" or "the bankruptcy "

Thank goodness the approval part is over now! We shall see what the next focus of blame will be.

thanks @They CallMe MRWILKES for sharing your info as always!

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 03:03:03 GMT

I don't think changes have even started!

The new Board hasn't been installed yet and new ownership doesn't have their stock yet.

Of course, management may be anticipating cost-cutting mandates and preparation could be underway.

Re: Chapter 11 Favorable Court Ruling Today

Tori3569 — Thu, 16 Jul 2026 05:01:28 GMT

@They CallMe MRWILKES wrote:
I don't think changes have even started!

The new Board hasn't been installed yet and new ownership doesn't have their stock yet.

Of course, management may be anticipating cost-cutting mandates and preparation could be underway.

Oh yes, agreed! I'm just glad the initial plan was approved. Anything of course can still happen but even with changes, the company will still be in business

Re: Chapter 11 Favorable Court Ruling Today

Estellee — Thu, 16 Jul 2026 11:44:52 GMT

Good news for QVC and their customers thank you @They CallMe MRWILKES

Re: Chapter 11 Favorable Court Ruling Today

Beammeupscotty — Thu, 16 Jul 2026 14:13:34 GMT

@Tori3569 wrote:

I've just seen no fewer than 3 other posts where members are blaming some random issue on " the chapter 11" or "the bankruptcy "

Thank goodness the approval part is over now! We shall see what the next focus of blame will be.

thanks @They CallMe MRWILKES for sharing your info as always!

YES!!!! I think if someone twists an ankle on set it is the fault of the BANKRUPTCY!

Re: Chapter 11 Favorable Court Ruling Today

Sooner — Thu, 16 Jul 2026 14:30:30 GMT

Until they get rid of the people at the top who chopped the hole in the bottom of the boat nothing will change, nothing will get better.

They went on a social mission and sunk a successful boat. Got too proud of themselves and the brand and forgot the little buyers and watchers who made them successful. Menopause Monday? Really? Women over 50? What were they thinking? Pretty low opinion of their female viewers I think if they thought this would appeal to them. . .

Re: Chapter 11 Favorable Court Ruling Today

Still Raining — Thu, 16 Jul 2026 16:33:51 GMT

It will be fascinating to see the financials for inventory next month. Sales prices r us all this month. Wonder if vendors are holding out?

Re: Chapter 11 Favorable Court Ruling Today

santorini — Thu, 16 Jul 2026 17:36:17 GMT

Unrelated to this but has anyone heard if the host union was able to get formed?

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 17:50:36 GMT

Hosts will vote July 23rd about SAG-AFTRA representation.

Re: Chapter 11 Favorable Court Ruling Today

Mz iMac — Thu, 16 Jul 2026 18:23:57 GMT

@They CallMe MRWILKES wrote:
all vendors will have their claims paid in full or reinstated."

@They CallMe MRWILKES Do you know what "claims" have been made by the vendors? Have they not been paid?

as always for your info on this bankruptcy stuff.

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 18:28:06 GMT

I believe that all outstanding pre-petition unsecured claims have been paid in full as CONTRACTUALLY DUE. Keep in mind that some payments are made quarterly, not as incurred, so may still be outstanding, but will be made on the contract date as approved by the Court.

That is my understanding, unless a vendor reading this wants to inform otherwise!

Re: Chapter 11 Favorable Court Ruling Today

Puppy Lips — Thu, 16 Jul 2026 18:46:17 GMT

Well that is good news, for everyone except those that held stock, as any value was wiped away.

I am glad QVC will stick around, BUT, I do hope they make changes for the better, and not for the ridiculous. Getting rid of the more disliked hosts would be good too, but somehow I don't see that happening, especially if they join a union -- then it will be impossible to fire any of them.

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 18:50:15 GMT

I've never seen a Chapter 11 where shareholders recovered any value; I think it's pretty standard 99.9% of cases and a risk one takes as an equity owner, rather than being a lender.

As for changes, let's speculate! Why not? There's no rule or regulation forbidding it.

Re: Chapter 11 Favorable Court Ruling Today

santorini — Thu, 16 Jul 2026 19:23:58 GMT

@They CallMe MRWILKES wrote:
I've never seen a Chapter 11 where shareholders recovered any value; I think it's pretty standard 99.9% of cases and a risk one takes as an equity owner, rather than being a lender.

As for changes, let's speculate! Why not? There's no rule or regulation forbidding it.

Well, as long as you asked ...

I predict that there will be better management, that some hosts will be given pink slips, and that the new management will put a stop to some of the silly things that have been happening lately.

Re: Chapter 11 Favorable Court Ruling Today

They CallMe MRWILKES — Thu, 16 Jul 2026 19:34:26 GMT

My thoughts:

First, keep in mind what new ownership is: a small group of commercial banks, investment banks and hedge funds.

The hedge funds in particular invested a lot in acquiring debt in the secondary market. If you know anything about them, they are aggressive, want their investment back, want a return on it and want it fast!

How to do that?

Investment of resources in the QVC+/HSN+ streaming outlet, TikTok Shop and other social media and reduce and eventually eliminate traditional broadcasting. Reduce broadcast hours again, maybe eliminate broadcasting days........I think that many current hosting positions will soon become obsolete.

Just my own thoughts!

Re: Chapter 11 Favorable Court Ruling Today

nambee — Thu, 16 Jul 2026 19:45:19 GMT

There will be more changes than anyone can imagine. As they say, a new broom brushes clean.

The emphasis on sales numbers and profit margins will increase sharply and quickly. Will not matter how entertaining viewers find any particular host or show, it will be sales that determine their future. It will be surprising which hosts go and who stays.

I think QVC and HSN will eventually merge with cost-saving layoffs.

Obviously there will be more selling on social media platforms and a pullback of on air TV sales - fewer channels but remaining on air for the short term.

Hopefully, they will source a better selection of products. The variety of merchandise has been so boring and stale for a long time.

Life at the Q will never be the same. Wish them all luck!