Restructuring Information

On December 7, 2020, Old COPPER Company, Inc. (OTCMKTS: CPPRQ), formerly known as J. C. Penney Company, Inc. (OTCMKTS: JCPNQ), completed the sale of substantially all of its retail and operating assets to Penney OpCo LLC, an entity controlled by Simon Property Group and Brookfield Asset Management, Inc. Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets.

Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. Pursuant to the Plan of Reorganization, the common stock of Old COPPER Company, Inc. (f/k/a J. C. Penney Company, Inc.) was cancelled on the Effective Date. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange.

Information and Resources

Frequently Asked Questions

Vendor Partners

Pension Plan Participants

Updated April 1, 2021

Updated May 12, 2021

Important Tax Information for Debtholders

IRS Notices

Press Releases


JCPenney's Retail and Operating Assets to Exit Chapter 11


JCPenney Restructuring Plan to Create PropCos Confirmed by Court


JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders


JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future


JCPenney Files Draft Asset Purchase Agreement


JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets


JCPenney Announces Organizational Restructuring


Store Closing Sales are Now Underway at Select JCPenney Stores


JCPenney Provides Update on Store Optimization Strategy

Store Closings


JCPenney Receives Court Authorization to Access Debtor-In-Possession Financing


JCPenney Receives Court Approval of “First Day” Motions to Support Business Operations


JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement