Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Introduction
Earlier this month, the chapter 11 trustee (the “Trustee”) in the DBSI bankruptcy began filing adversary actions seeking the avoidance and recovery of alleged fraudulent transfers. The Trustee filed the adversary actions against various defendants, some of whom the Trustee identifies as “John Doe 1 -10.” This post will look briefly at the DBSI…
Introduction
On November 10, 2008, DBSI, Inc. (“DBSI” or “Debtors”) filed petitions for chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. As reflected in the Declaration of DBSI’s CEO, Douglas Swenson, (read the DBSI Declaration here), the Debtors consist of a conglomerate of real estate entities valued…
