In the AFA Investment Inc. preference litigation, a summons has been issued scheduling the Pretrial Conference for June 30, 2014 at 11:30 a.m. The hearing will be held before Judge Walrath in courtroom no. 4 on the 5th floor at the Bankruptcy Courthouse for the District of Delaware. To view one of the summons issued
AFA Investment
AFA Investment Preference Actions Filed
By Fox Rothschild LLP on
Posted in Preference Litigation
On March 28, 2014, AFA Investment Inc. filed approximately 125 complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, to disallow claims of the defendants pursuant to Section 502(d), and seeking attorneys’ fees. AFA Investment Inc., and various affiliated entities (the “Debtors”) filed petitions for…
Thin Margins and “Pink Slime” Are Among Some of the Factors Leading to AFA Foods’ Filing for Bankruptcy in Delaware
By Fox Rothschild LLP on
Posted in Bankruptcy Case Summaries
Introduction
On April 2, 2012, AFA Foods, Inc., and certain of its affiliates (collectively, “AFA”), filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. AFA is a Delaware company with operations based out of King of Prussia, Pennsylvania. According to a court filing of the company’s CEO (the “Declaration” …