Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Introduction
This month, Bruce H. Mason, acting as creditor trustee (the “Trustee”) for the CEI Liquidation Trust (the “Liquidation Trust” or “Trust”) began filing preference actions against various defendants. As stated in the Liquidation Trust’s complaints, the Trust was created in the Champion Enterprises (aka “Champion Home Builders” or “Champion”) bankruptcy pursuant to Champion’s Second…
Introduction
On November 15, 2009, Champion Enterprises filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to Champion’s Declaration in Support of First Day Bankruptcy Motions (the “Declaration“), the company’s bankruptcy is the result of an overall decline in the demand for manufactured housing and tightening…
