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Chapter 7 trustee in ManagedStorage (aka Incentrix Solutions) files preference actions

Introduction

USA, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, Title 11 of the US Code, United States bankruptcy court
Television station operator, international media group, files petitions for bankruptcy in Delaware

Introduction

USA, Delaware, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, United States bankruptcy court
Charter bus operator, Coach America, files for bankruptcy in Delaware citing recession and increased insurance costs

Introduction

USA, Delaware, Insolvency & Restructuring, Litigation, Shipping & Transport, Fox Rothschild LLP, Bankruptcy, Debt, United States bankruptcy court
Creditor trustee in Champion Home bankruptcy files preference actions

Introduction

USA, Insolvency & Restructuring, Fox Rothschild LLP, Bond market, Bankruptcy, Liquidation, Trustee, United States bankruptcy court
Liquidating Trust in Advanta Corp. bankruptcy files preference actions

Introduction

Earlier this month, the Liquidating Trust in the Advanta Corp. bankruptcy proceeding began filing preference complaints in the Delaware Bankruptcy Court.  Advanta and certain affiliates ("Advanta") filed for bankruptcy in Delaware in November of 2009.  As stated in the Liquidating Trust's complaints, Advanta was at one time one of the largest issuers of "business purpose credit cards" in the United States. 

Background

USA, Delaware, Banking, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Credit card, Bankruptcy, Accounts receivable, Debt, Federal Deposit Insurance Corporation (USA), United States bankruptcy court, US District Court for District of Delaware
Real Mex Restaurants files for bankruptcy in Delaware, hoping to sell assets under a Section 363 sale

Introduction

USA, Delaware, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, Landlord, Leasehold estate, Limited liability partnership, Default (finance), Chief financial officer, United States bankruptcy court, US District Court for District of Delaware
Security National Propertiesfiles for bankruptcy in Delaware, citing unpredictability of the financial markets

Introduction

USA, Delaware, Insolvency & Restructuring, Fox Rothschild LLP, Bankruptcy, Debtor, Commercial property, Landlord, Leasehold estate, Interest, Limited liability company, Debt, Mortgage loan, Deed of trust (real estate), United States bankruptcy court, US District Court for District of Delaware
Open Range Communications files bankruptcy seeking to either sell assets or wind down operations

Introduction

USA, Delaware, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, Landlord, Leasehold estate, Broadband, Liquidation, Federal Communications Commission (USA), US Department of Labor, US Department of Agriculture, Chief financial officer, United States bankruptcy court, US District Court for District of Delaware
A closer look at the Friendly's bankruptcy proceeding

Introduction

USA, Insolvency & Restructuring, Fox Rothschild LLP, Bankruptcy, Debtor, Landlord, Leasehold estate, United States bankruptcy court, US District Court for District of Delaware
Trustee in Opus South bankruptcy files preference actions

Last month, Jeoffrey Burtch (the "Trustee"), as Chapter 7 Trustee for the Opus South Bankruptcy, began filing preference complaints seeking to recover what the Trustee alleges are avoidable transfers under the Bankruptcy Code.  For those unfamiliar with the Opus South bankruptcy, the company filed petitions for bankruptcy in the Delaware Bankruptcy Court on April 22, 2009.  The Opus South bankruptcy began as a chapter 11 reorganization.  However,  on August 27, 2010, the Bankruptcy Court entered an order converting the case to a chapter 7 liquidation.  The Trustee w

USA, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, Foreclosure, Deed, Liquidation, Secured loan, Title 11 of the US Code, Trustee, United States bankruptcy court