In re rue21, inc.

MEMORANDUM OPINION

GREGORY L. TADDONIO, UNITED STATES BANKRUPTCY JUDGE

After just over 100 days in bankruptcy, rue21, inc.2 and its debtor—affiliates stand poised to obtain confirmation of their chapter 11 plan. Over that brief span, rue21 negotiated a largely consensual plan that significantly deleverages its balance sheet, reduces its store footprint, jettisons cumbersome leases, provides for future liquidity needs, and earned the support of over 93% of its impaired creditors.

But is it happening too fast? The Official Committee of Unsecured Creditors opposes the Plan to the extent it releases…