Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Introduction
Earlier this month, Pirinate Consulting Group LLC, in its capacity as Litigation Trustee (the “Trustee”) of the NewPage Creditor Litigation Trust, began filing complaints in the Delaware Bankruptcy Court seeking the avoidance and recovery of what the Trustee alleges are preferential transfers. All total, the Trustee filed over 780 preference complaints. In 2011, I…
On September 7, 2011, NewPage Corporation (“NewPage” or “Debtors”) filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. As stated in NewPage’s Declaration in Support of First Day Motions (the “Declaration” or “Decl.”), filed with the Bankruptcy Court, NewPage produces coated paper used in magazines, brochures catalogs and textbooks. …
