Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Introduction
On October 4, 2010, International Garden Products filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. International Garden Products (“IGP”) is the parent company of Iseli Nursery (“Iseli”) and Weeks Wholesale Rose Grower (“Weeks”). As affiliates of IGP, Iseli and Weeks also filed petitions for …
Introduction
On May 1, 2009, Magna Entertainment (“Magna”) filed a motion in the United States Bankruptcy Court for the District of Delaware whereby it sought authority to schedule an auction, receive approval of auction bid procedures and proceed with the sale of assets (the “Sale Motion“). I have previously written about bankruptcy sale…
