Delaware creditors rights attorney

Introduction

On August 30, 2013, Longview Power, LLC, and various related entities (collectively, “Longview”), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration of Longview’s CEO (the “Declaration” or “Decl.”), Longview was formed in 2003 for the purpose of building and operating a…

Introduction

On Monday, April 22, 2013, Yarway Corporation filed a chapter 11 petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to papers filed by Yarway with the Bankruptcy Court, the company’s origins go back to 1908 when it started manufacturing pipe clamps, steam traps and valves.  See Yarway’s…

On October 16, 2012, battery maker A123 Systems, Inc., and various subsidiaries, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  A123 started its business in 2001 seeking to capitalize on the growing use of lithium-ion batteries in transportation and energy systems.  According to papers filed with…

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…

Introduction

On March 5, 2012, Pemco World Air Services (“Pemco”), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration of Pemco’s CFO (the “Declaration”), Pemco describes itself as “an industry leader in maintenance, repair and overhaul for wide and narrow body aircraft and…

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. …

Introduction

On October 31, 2010, Wolverine Tube, Inc. (“Wolverine”) filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration of Wolverine’s President in Support of Debtors’ Petitions (the “Declaration”),  the company’s bankruptcy filing resulted from several factors, most notably a drop in cash due to…

Introduction

On September 6, 2010, Schutt Sports (“Schutt” or the “Debtor”) filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  This post will look briefly at the nature of Schutt’s business, why it filed for bankruptcy and what it hopes to achieve while in bankruptcy.  As is often…

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 …