Charming Charlie Holdings, Inc., a fashion accessories retailer based in Houston, Texas, has, along with six of its affiliates and subsidiaries, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12906). According to the Petition, Charming Charlie has an estimated $50 – $100 million in assets and $100 – $500 million in liabilities. According to the First Day Declaration, Charming Charlie enters Chapter 11 having entered into a restructuring support agreement with 80% of its prepetition secured term loan lenders, and will pursue a comprehensive restructuring involving the closing of approximately 100 underperforming stores. Charming Charlie has also filed a motion to approve up to $35 million in DIP Financing from a consortium of lenders with Bank of America, N.A., as administrative agent. Rust/Omni is the proposed claims and noticing agent. The cases have been assigned to the Honorable Christopher S. Sontchi.