New rue21 Holdco, Inc. along with its five affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on May 2, 2024. The debtor listed both its assets and liabilities in the range of $100 million to $500 million. The debtor is represented by Young Conaway Stargatt & Taylor, LLP and Willkie Farr & Gallagher LLP as legal counsel, Riveron Consulting LLC as financial advisor, and Kroll Restructuring Administration LLC as noticing agent.