In re: TRP BRANDS LLC

CourtUnited States Bankruptcy Court, N.D. Illinois
DecidedJanuary 23, 2026
Docket24-01529
StatusUnknown

This text of In re: TRP BRANDS LLC (In re: TRP BRANDS LLC) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: TRP BRANDS LLC, (Ill. 2026).

Opinion

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) Case No. 24 B 1529 ) (Jointly administered) TRP BRANDS LLC, ) Chapter 11 ) Debtor. ) Judge David D. Cleary MEMORANDUM OPINION These matters come before the court on the following applications for allowance of administrative expense claims, including stub period rent: ►MJP 1400 LLC (“MJP”) Motion for Allowance of Section 503(b)(7) Administrative Expense Claim for Post-Bankruptcy Services (EOD 523)1 ►Amended Application and Request of Broadstone TRP Indiana, LLC (“Broadstone”) for Allowance and Payment of Administrative Expense Claim Pursuant to 11 U.S.C. §§ 503(a), 503(b)(1)(A) and 365(d)(3) (EOD 531) ►Application and Request of Greenwood Place Commons, LP (“Greenwood Place”) for Allowance and Payment of Administrative Expenses (EOD 538) ►Application and Request of Greyhound Plaza Associates, LP (“Greyhound Plaza”) for Allowance and Payment of Administrative Expenses (EOD 539) ►Application and Request of STORE SPE AVF II 2017-2, LLC (“STORE”) for Allowance and Payment of Administrative Expense Claim Pursuant to 11 U.S.C. §§ 503(a), 503(b)(1) and 365(d)(3) for Stub Rent and Post-Petition Taxes (EOD 664) ►Application of National Shopping Plazas, Inc. (“National Shopping”) for Allowance and Payment of Administrative Expense Claim (EOD 669)

1 Except when described otherwise, all docket citations are to Case No. 24 B 1529. Collectively, these will be referred to as the Applications and the applicants will be referred to as the Landlords. The RoomPlace Furniture and Mattress LLC (“RoomPlace” or “Debtor”) filed a response in opposition to each of the Applications, including a combined response to the Applications of

Greenwood Place and Greyhound Plaza. Each of the Landlords, except MJP, filed a reply. Greenwood Place and Greyhound Plaza filed an omnibus reply. Following briefing, the court heard oral argument from Debtor and the Landlords at two different settings. Having reviewed all of the papers filed and considered the arguments of the parties, for the reasons stated below, the court will enter orders approving the Applications to the extent that they seek administrative expense status for the portion of their claims designated as stub period rent. The only exception is Broadstone, whose claim for stub period rent is barred by claim preclusion. To the extent that any Application requests administrative expense status for a different claim, each of those requests is addressed separately. I. BACKGROUND

On February 2, 2024 (“Petition Date”), TRP Brands LLC (“TRP”) and RoomPlace (collectively, “Debtors”) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. For more than one hundred years, The RoomPlace has been serving the Chicagoland community with a mission of helping families design and furnish the home of their dreams. The company’s roots date back to 1912 when Sam Berman, grandfather of the current CEO, opened Harlem Furniture on Harlem Ave. in Chicago’s West Town neighborhood. The family-owned business operated as a single store until 1985 when it began to expand in the Chicagoland area. As the company grew to 20 locations, it rebranded as The RoomPlace in 2001…. As of the Petition Date, The RoomPlace operated 27 retail stores in Illinois, Indiana, and Wisconsin[.] Joint Disclosure Statement for Chapter 11 Plan of Reorganization of TRP Brands LLC and The RoomPlace Furniture and Mattress LLC (“Disclosure Statement”), EOD 585, § III(A)(1). Shortly after filing their petitions, Debtors filed an application for emergency hearing on eight different motions. Among other relief, Debtors sought the maintenance of certain customer

programs, payment of prepetition employee obligations, the ability to use existing bank accounts, continuance of insurance policies and authorization to pay certain taxes as well as deposits to various utilities. The court granted the application, and these motions were heard on February 6, 2024. All of these motions were supported by the declaration of Debtors’ president, Valerie Berman-Knight. See EOD 15. On February 7, 2024, RoomPlace filed Debtors’ Motion for Entry of an Order (I) Authorizing the Debtor to (A) Enter into the Consulting Agreement, (II) Authorizing and Approving the Conduct of Store Closing Sales, With Such Sales to be Free and Clear of All Liens, Claims, and Encumbrances, (III) Authorizing and Approving the Store Closing Procedures, and (IV) Granting Related Relief (“First Store Closing Motion”). See EOD 43. In

the First Store Closing Motion, RoomPlace identified eight stores and a distribution center that it decided to close: --14640 Greyhound Plaza, Carmel, Indiana 46032 (“Greyhound Plaza Location”) --5651 E. 86th Street, Indianapolis, Indiana 46250 --8401 Michigan Road, Indianapolis, Indiana 46268 --8301 E. Washington Street, Indianapolis, Indiana 46219 (“Broadstone Store”) --7609 Shelby Street, Indianapolis, Indiana 46227 (“Greenwood Place Location”) --2575 E. Main Street, Suite 198, Plainfield, Indiana 46168 --2200 W. War Memorial Drive, Peoria, Illinois 61613 --7014B Green Bay Road, Kenosha, Wisconsin 53142 --8301 E Washington Street, Indianapolis, Indiana 46219 (“Broadstone Center” and, with the Broadstone Store, the “Broadstone Location”) Collectively, these will be referred to as the “First Store Closing Locations”.

In the First Store Closing Motion, RoomPlace sought court authority to conduct going- out-of-business sales in the First Store Closing Locations, including three for which Landlords filed Applications. RoomPlace also sought authorization to enter into a consulting agreement with Planned Furniture Promotions, Inc. (“PFP”) to conduct those going-out-of-business sales. To facilitate the sales, RoomPlace asked the court to approve “Store Closing Procedures,” and to excuse it from “Liquidation Sale Laws.” Three of the Applications relate to leased premises that were not subject to the First Store Closing Motion. MJP was the landlord for a lease with RoomPlace of nonresidential real property at 1400 S. Randall Road, Algonquin, Illinois (“MJP Location”). STORE was the landlord for a lease with RoomPlace of nonresidential real property at 900 E. Boughton Road,

Woodridge, Illinois (“STORE Location”). National Shopping was the landlord for a lease with RoomPlace of nonresidential real property at 18150 S. Halsted Street, Homewood, Illinois (“National Shopping Location”). The going-out-of-business sales proved to be insufficient to enable the Debtors to reorganize their business. [T]he economic climate of the furniture industry continued to deteriorate during this period, with high interest rates and inflation impacting consumer spending on home goods. The housing market, which slowed down after the post-pandemic home buying boom…did not show signs of rebounding…. Like many retailers, the Debtors continued to struggle to support their reduced store footprint as consumers increasingly purchase goods online. Disclosure Statement, § III(A)(1). Eventually, the Debtors filed a motion seeking approval of procedures to close additional locations, leaving only three retail stores. On June 11, 2025, the court confirmed Debtors’ amended chapter 11 plan (“Plan”). See EOD 661. The Plan provides for satisfaction of the claim of Debtors’ secured creditor through

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In re: TRP BRANDS LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-trp-brands-llc-ilnb-2026.