The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Christopher & Banks Corporation on February 23, 2021. The debtor has been authorized to sell substantially all its assets to ALCC, LLC for a purchase price of $11.52 million (8.1 million of term loan payable, $0.07 million for unused and accrued “paid time off” or “PTO”, $0.95 million for the debtors’ obligations for “IBNR”, $2.4 million for post-petition obligations to Radial, cure costs associated with assumed contracts and leases and agent open purchase orders for additional agent goods). The debtor did not receive any other competing bids for the purchase of its assets and therefore ALCC, LLC emerged as the winning bidder.