Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Linens N Things recently filed over twenty preference complaints. As stated in the complaints, Linens seeks the avoidance and recovery of alleged preferential transfers pursuant to 11 U.S.C. section 547 of the Bankruptcy Code. According to a summons, a pretrial conference is scheduled on June 12, 2009.
The Linens bankruptcy proceeding is before the Honorable…
The United States Bankruptcy Court for the District of Delaware recently approved a Trade Vendor Payment Program (the “Vendor Program” or “Program”) in the Linens N Things Center, Inc., et al.(“Linens”), bankruptcy . According to Linens’ Motion to Approve Trade Vendor Payment Program, Linens created the Program in order to encourage trade creditors…
