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New Lender Granted in Tuesday Morning's 'Chaotic and Highly Litigious' Bankruptcy Case

Court Order Gives Off-Price Retailer $12.5 Million, Brings Gordon Brothers Back as Liquidators
Dallas-based Tuesday Morning has a new debtor-in-possession lender after a Texas bankruptcy granted a motion by the debtor in hopes of finding some stability for the company as it seeks to restructure its business. (Erik Carlson/CoStar)
Dallas-based Tuesday Morning has a new debtor-in-possession lender after a Texas bankruptcy granted a motion by the debtor in hopes of finding some stability for the company as it seeks to restructure its business. (Erik Carlson/CoStar)

A Texas judge has given off-price retailer Tuesday Morning a new interim order swapping debtor-in-possession lenders — and the origin of millions in funds — in hopes of finding some stability in what the judge has described as a "chaotic" bankruptcy process only weeks into the retailer's second bankruptcy in three years.

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