BKY Cases and Plans

Conversions and Dismissals

June 2, 2015

Salus Capital Seeks Conversion to Chapter 7 of RadioShack Bankruptcy

Breaking News Alerts from Chapter11Dockets.com

Salus Capital Partners, LLC - a pre-bankruptcy lender to RadioShack - asked the Delaware bankruptcy court today to convert the company's bankruptcy cases from Chapter 11 proceedings to Chapter 7.  In support, Salus asserts that RadioShack is "likely administratively insolvent": Since commencing these chapter 11 cases, the Debtors have sold, or are in the process of selling, substantially all of their assets. Once that sale process is completed, the Debtors have nothing further to achieve in chapter 11....

March 25, 2014

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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