Header graphic for print
Delaware Bankruptcy Litigation Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States

Tag Archives: United States Bankruptcy Court District of Delaware

Nortel Opinion Interprets Supreme Court’s Wellness Opinion

Posted in Opinions

Summary In a 12 page decision released June 2, 2015, Judge Gross of the Delaware Bankruptcy Court gives us our first Delaware specific insight into how the U.S. Supreme Court’s Wellness opinion will be interpreted.  Judge Gross’ opinion is available here (the “Opinion”).  The Opinion was issued in the adversary proceeding SNMP Research Int’l. v.… Continue Reading

Allied Nevada Gold Formation Meeting and Section 341 Meeting Scheduled

Posted in Bankruptcy Case Update

In the Allied Nevada Gold Corp. bankruptcy proceeding, a formation meeting has been scheduled for Thursday, March 19, 2015 at 10:00 a.m. (ET) at the J. Caleb Boggs Federal Building, 844 King St., Room 2112, Wilmington, DE 19801.  Click Here for a copy of the Notice of Formation Meeting for Official Committee of Unsecured Creditors issued by the… Continue Reading

Cal Dive Formation Meeting Scheduled

Posted in Bankruptcy Case Update

In the Cal Dive International, Inc. bankruptcy proceeding, a formation meeting has been scheduled for Tuesday, March 17, 2015 at 10:00 a.m. (ET) at the Doubletree Hotel, 700 N. King Street, Wilmington, DE 19801.  Click here for a copy of the Notice of Formation Meeting for Official Committee of Unsecured Creditors issued by the Office… Continue Reading

Altegrity Formation Meeting and Section 341 Meeting of Creditors Scheduled

Posted in Bankruptcy Case Update

In the Altegrity, Inc. bankruptcy proceeding, a formation meeting has been scheduled for Tuesday, February 24, 2015 at 10:30 a.m. (ET) at the Doubletree Hotel, 700 N. King Street, Wilmington, DE 19801.  Click here for a copy of the Notice of Formation Meeting for Official Committee of Unsecured Creditors issued by the Office of the… Continue Reading

Raser Technologies Trustee Files Preference Complaints

Posted in Preference Litigation

Introduction Earlier this month, William Giovanniello, acting as the creditor trustee (the "Trustee") for Raser Technologies ("Raser"), began filing complaints seeking to avoid and recover what the Trustee contends are preferential transfers under 11 U.S.C. sec. 547.  Often, defendants receive preference complaints and have little or no information about the underlying bankruptcy proceeding and the reasons… Continue Reading

Gaming Manufacturer, GameTech International, Files for Bankruptcy in Delaware

Posted in Bankruptcy Case Summaries

Earlier this month, GameTech International, Inc., and various related entities (collectively, "GameTech"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to GameTech’s Declaration in Support of its Chapter 11 Petitions (the "Decl."), the company entered the electronic bingo business in 1994  and the video lottery terminal ("VLT") and… Continue Reading

Northstar Aerospace Files for Bankruptcy in Delaware Due to Negative Profits, Decreased Defense Spending and Lack of Funding

Posted in Bankruptcy Case Summaries

In June, Northstar Aerospace and various related entities (collectively, "Northstar") filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Northstar describes itself as a supplier of "components and assemblies for the commercial and military aerospace markets."  The company also provides machining, repair and overhaul services for the aerospace… Continue Reading

Auto Dealership Files Bankruptcy Following State Court Verdict

Posted in Bankruptcy Case Summaries

On March 21st, Blue Springs Ford ("Blue Springs") filed a chapter 11 petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Based in Blue Springs, Missouri, Blue Springs has operated as an authorized Ford dealership since 1978.  Like most dealerships, the company sells and services Ford vehicles and provides general… Continue Reading

Real Mex Restaurants Files for Bankruptcy in Delaware, Hoping to Sell Assets Under a Section 363 Sale

Posted in Bankruptcy Case Summaries

Introduction On October 4, 2011, Real Mex Restaurants, Inc. ("Real Mex") filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  In addition to Real Max, several of the company’s subsidiaries also filed for bankruptcy protection.  These subsidiaries include Acapulco Restaurants, Inc., Chevys Restaurants, LLC, El Torito Restaurants,… Continue Reading

Security National Properties Files for Bankruptcy in Delaware, Citing Unpredictability of the Financial Markets

Posted in Bankruptcy Case Summaries

Introduction On October 17, 2011, commercial real estate developer Security National Properties Funding III, LLC ("Security National"), and certain affiliates filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Based in Eureka, California, Security National owns and operates 33 commercial properties in fifteen states across the U.S. … Continue Reading

A Closer Look at the Friendly’s Bankruptcy Proceeding

Posted in Bankruptcy Case Summaries

Introduction As reported in the media, Friendly’s Ice Cream Corporation ("Friendly’s"), filed petitions for bankruptcy this week in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration of Friendly’s CFO (the "Declaration" or "Decl."), Friendly’s and four of its affiliates filed petitions for reorganization under Chapter 11 of the Bankruptcy Code. … Continue Reading

A Closer Look at the NewPage Bankruptcy

Posted in Bankruptcy Case Summaries

On September 7, 2011, NewPage Corporation ("NewPage" or "Debtors") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  As stated in NewPage’s Declaration in Support of First Day Motions (the "Declaration" or "Decl."), filed with the Bankruptcy Court, NewPage produces coated paper used in magazines, brochures catalogs and textbooks. … Continue Reading

An Update on the Deb Shops Bankruptcy

Posted in Bankruptcy Case Summaries

Introduction On June 26, 2011, clothing retailer Deb Shops, Inc. ("Deb") and its related entities filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  This post will look at why Deb filed for bankruptcy, the scope of the company’s business, as well as provide an update on the Deb… Continue Reading

Chapter 7 Trustee in Indalex Bankruptcy Files Preference Actions

Posted in Preference Litigation

Earlier this month, the Chapter 7 Trustee (the "Trustee") appointed in the Indalex bankruptcy began filing avoidance actions against various Indalex creditors.  For those not familiar with the Indalex bankruptcy, Indalex filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware on March 20, 2009. Prior to filing bankruptcy, Indalex was… Continue Reading

Xerium Technologies Files Bankruptcy, Hoping to Cut Its Debt by $160 Million

Posted in Bankruptcy Case Update

Equipment maker, Xerium Technologies, filed chapter 11 petitions for bankruptcy on March 30th in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration filed by Xerium’s CEO (the "Declaration"),  the company filed for bankruptcy in order to trim its debt down from $640 million to $480 million.  To achieve this, Xerium… Continue Reading

Chp. 7 Trustee Files Preference Actions in HomeBanc Mortgage Bankruptcy

Posted in Preference Litigation

George Miller, the Chapter 7 Trustee in the HomeBanc Mortgage bankruptcy, recently filed approximately 400 preference actions against various defendants under section 547 of the Bankruptcy Code.  According to a Summons filed in one of the adversary actions,  the first pre-trial conference is scheduled in the United States Bankruptcy Court for the District of Delaware… Continue Reading