Simply Interior Homes, LLC and affiliated entities filed for Chapter 11 bankruptcy protection on June 8, 2026, in the United States Bankruptcy Court for the District of Delaware. The company initiated the process seeking court approval to sell all, substantially all, or a portion of its assets as part of its reorganization efforts.
On June 23, 2026, the court approved bidding procedures governing the sale process. These procedures outline the terms under which prospective buyers may submit bids and set the framework for an auction, if necessary. The order authorizes the designation of a stalking horse bidder—an initial bidder chosen by the debtors to establish a minimum sale price—and permits the provision of bid protections to encourage such bids.
Interested parties must submit qualified bids by July 27, 2026, at 4:00 p.m. Eastern Time. Should multiple qualified bids be received, an auction is scheduled for July 30, 2026, at 10:00 a.m. Eastern Time. The auction will take place either at the offices of Goodwin Procter LLP in New York City, virtually, or at another location designated by the debtors. If only one qualified bid is received, an auction will not be held, and the court will consider approval of that bid during the subsequent sale hearing.
The sale hearing is scheduled for August 10, 2026, at 2:00 p.m. Eastern Time before Judge Craig T. Goldblatt at the Bankruptcy Court in Wilmington, Delaware. The hearing will address approval of the successful sale bid, which will permit the transfer of the assets free and clear of liens, claims, interests, and encumbrances, with such liens attaching to the proceeds from the sale. The hearing will also address the assumption and assignment of executory contracts and unexpired leases related to the assets.
Interested bidders are advised to contact Rock Creek Advisors, LLC, the company’s sales agent, for further information. Objections to the sale must be filed by July 20, 2026, with additional objections related to the specific terms of the winning bid permitted until August 4, 2026. Failure to file timely objections may preclude parties from raising challenges to the sale or related relief at the hearing or thereafter.
Details about the bidding procedures, court filings, and auction updates will be accessible through the case's designated website managed by Epiq Corporate Restructuring, LLC. The bankruptcy court’s approval of the sale will mark a key step in Simply Interior Homes’ efforts to resolve its financial difficulties and maximize value for stakeholders.