BKY Cases and Plans

Committee Issues


April 24, 2017
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90 Second Lesson: When To Request Relief From the Automatic Stay

By the Editorial staff of Commercial Bankruptcy Investor

Editors’ Note:  This is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to info@dailydac.com and we will try to answer it.    QUESTION: How do I know if I should request relief from a debtor’s automatic stay? ANSWER: At the outset of a bankruptcy case, a secured creditor, a party to litigation in another court, or any other party potentially entitled to stay relief must decide whether...

May 28, 2015
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Creditors' Committee Appointed in Golden County Foods Bankruptcy

Breaking News Alerts from Chapter11Dockets.com


The Acting United States Trustee for Region 3 has announced the appointment of the Official Committee of Unsecured Creditors in the bankruptcy cases of Golden County Foods, Inc.; GCF Franchisee, Inc.; and GCF Holdings, II, Inc.  The companies filed for bankruptcy on May 15, 2015 in Delaware.  Headquartered in Plover, Wisconsin, the companies describe themselves as "a leading contract manufacturer, and innovative developer of product solutions for the frozen appetizer and snack category as well as being the world’s...

May 28, 2015
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Appointment of Official Committee of Equity Holders in Xinergy Bankruptcy Denied

Breaking News Alerts from Chapter11Dockets.com


This morning, the Honorable Paul M. Black, Judge of the United States Bankruptcy Court for the Western District of Virginia, denied a motion of a large shareholder of Xinergy Ltd. for appointment of an official committee of equity security holders.  An order setting forth the court's ruling has not yet been entered. In the shareholder's motion, he argued thusly: The primary issue before the Court with this Motion is whether Xinergy’s shareholders as a group are adequately represented in...

February 19, 2015
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Caesars Asks Bankruptcy Court to Disband Second Priority Noteholder Committee

Breaking News Alerts from Chapter11Dockets.com


Caesars Entertainment Operating Company, Inc. has asked Bankruptcy Judge A. Benjamin Goldgar to disband the Official Committee of Second Priority Noteholders which was appointed in its bankruptcy cases by the United States Trustee.  Alternatively, Caesars is asking for the Noteholder Committee to either be reconstituted with the Official Committee of Unsecured Creditors or for the court to limit the Noteholder Committee's scope, fees, and expenses. According to Caesars in the court filing: There is no doubt that the second lien...

February 17, 2015
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Creditors' Committee Filing Suggests That It Won't Let RadioShack Go Gently Into That Good Night

Breaking News Alerts from Chapter11Dockets.com


In a strategic move that is rarely seen so quickly after appointment, RadioShack's Official Committee of Unsecured Creditors filed a motion today seeking authorization to issue subpoenas for the production of documents from, and for depositions of, the certain key parties to the company's current situation.  The Creditors' Committee was appointed in the bankruptcy cases just last Friday and, other than ministerial filings, this motion is the first pleading that the Committee has filed in the case. The topics and parties...

March 25, 2014
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90 Second Lesson: Secured Creditors and Toll Charges

From the Editorial Staff of Commercial Bankruptcy Investor


Editors’ Note:  this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to cc@dailydac.com and we will try to answer it.    QUESTION:  An investment banker recently wrote in, saying this:  “I am currently helping a troubled company sell itself.  The proposed buyer wants to buy its assets through a 363 sale in Chapter 11 and is offering to pay the full amount the bank...



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