BKY Cases and Plans

Filing a Case


September 10, 2015
Share:
LinkedInTwitter

Automated Retail Kiosk Company NewZoom, Inc. (d/b/a ZoomSystems) Files for Bankruptcy Protection

Breaking News Alerts from Chapter11Dockets.com


On Thursday, September 10, 2015, NewZoom, Inc. (d/b/a ZoomSystems) filed for protection under Chapter 11 of the United States Bankruptcy Code. The bankruptcy petition was filed in the United States Bankruptcy Court located in San Francisco (Northern District of California) and was assigned Case Number 15-31141. Judge Hannah Blumenstiel (N.D. Cal.) is presiding over the bankruptcy case. Contact information for the debtor and its counsel are listed as: NewZoom, Inc. 22 Fourth Street 16th Floor San...

August 14, 2015
Share:
LinkedInTwitter

Sonoma Winery Files for Chapter 11 Bankruptcy Protection

Breaking News Alerts from Chapter11Dockets.com

Authored by Patrick Lyons


On August 12, 2015, a Sonoma-based winery, Esterlina Vineyards & Winery LLC, filed for Chapter 11 bankruptcy in the Northern District of California.  It also does business under the name Everett Ridge Winery and Vineyard according to court filings.  The estimated assets of the company range from $10 million to $50 million while the estimated liabilities range from $1 million to $10 million.  The company has retained Provencher & Flatt LLP as counsel, a Santa...

May 25, 2015
Share:
LinkedInTwitter

IMRIS Inc. Makes Memorial Day Bankruptcy Filing

Breaking News Alerts from Chapter11Dockets.com


While most investors were enjoying the Memorial Day holiday, medical technology company IMRIS Inc. and its affiliates were filing for bankruptcy protection in Delaware.  The companies, which trade on the Toronto Stock Exchange under the symbol “IM” and on the NASDAQ Global Markets Exchange under “IMRS,” described the troubles leading to Monday's bankruptcy filings: As with many medical device companies, IMRIS has had numerous hurdles to achieving financial success, which are often not necessarily linked to the enormous...

May 11, 2015
Share:
LinkedInTwitter

American Eagle Energy Corp. (NYSE MKT: AMZG) Files For Chapter 11 Bankruptcy Protection

Breaking News Alerts from Chapter11Dockets.com


Late on Friday, American Eagle Energy Corp. (NYSE MKT: AMZG) and its affiliate AMZG Inc. filed voluntary chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District of Colorado.  In its petition, American Eagle Energy listed assets of $211.8 million against liabilities of $215.2 million.  The date for which such data was measured was not listed on the petition.  Friday's filings were bare-bones filings - meaning that the filings did not include typical...

March 11, 2015
Share:
LinkedInTwitter

Doral Financial Corporation Files for Bankruptcy Protection

Breaking News Alerts from Chapter11Dockets.com


Doral Financial Corporation filed for Chapter 11 bankruptcy protection on Wednesday in the Southern District of New York bankruptcy court.  The filing comes less than two weeks after the Office of the Commissioner of Financial Institutions of Puerto Rico (the OCIF) appointed the Federal Deposit Insurance Corporation (the FDIC) as receiver of Doral Bank, a state non-member bank chartered by the OCIF. Prior to the appointment of the FDIC as receiver, Doral Financial Corporation owned 100% of...

January 22, 2015
Share:
LinkedInTwitter

SkyMall Orders Up a Bankruptcy Filing

Breaking News Alerts from Chapter11Dockets.com


In the latest of a growing line of bankruptcy filings by companies behind well-known brands, the companies behind the SkyMall catalogs that you find on almost every domestic airline filed for Chapter 11 bankruptcy protection today in the United States Bankruptcy Court for the District of Arizona.  The related companies filing for bankruptcy protection are: SkyMall, LLC f/k/a SkyMall, Inc. Xhibit Corp. f/k/a NB Manufacturing, Inc. Xhibit Interactive, LLC f/k/a Xhibit, LLC FlyReply Corp. SHC...

January 15, 2015
Share:
LinkedInTwitter

Breaking: The Wet Seal, Inc. Files for Bankruptcy Protection with Plan Sponsorship Agreement

Breaking News Alerts from Chapter11Dockets.com


On Thursday evening, The Wet Seal, Inc. (NASDAQ: WTSL) and certain affiliates voluntarily filed for Chapter 11 bankruptcy protection in Wilmington, Delaware.  The filing is not unexpected given the company's recent decision to close more than half of its stores and accompanying warnings that a bankruptcy filing may be in the offing. [caption id="" align="aligncenter" width="817"] Owning Wet Seal Equity Has Been a Bumpy Ride in the Wrong Direction[/caption] Wet Seal, prior to the bankruptcy...

January 15, 2015
Share:
LinkedInTwitter

Caesars Entertainment Operating Company Files Voluntary Bankruptcy in Chicago as Expected

Breaking News Alerts from Chapter11Dockets.com


In response to the involuntary bankruptcy petition filed against it earlier this week, Caesars Entertainment Operating Company, Inc. said that it was planning to file for bankruptcy protection voluntarily in the Northern District of Illinois on Thursday, January 15th.  Caesars kept its word and didn't waste much time in doing so.  Its voluntary bankruptcy filings in the Chicago court began shortly after midnight - the first bankruptcy petition was filed by an affiliated company (Southern Illinois...

January 5, 2015
Share:
LinkedInTwitter

Registered Investment Adviser NSB Advisors LLC Files for Chapter 11 Bankruptcy Protection in New York

Breaking News Alerts from Chapter11Dockets.com


The Southern District of New York's second Chapter 11 bankruptcy filing of 2015 was made today by NSB Advisors LLC of Fishkill, New York.  The registered investment adviser founded in 2009 by William F. Nicklin claims in court filings that it once had "over 700 client accounts and assets under management in excess of $1.2 billion."  However, by the beginning of 2015, its clientele had decreased dramatically - "currently, the Debtor has approximately 410 accounts, 355 of which...

December 7, 2014
Share:
LinkedInTwitter

Sunday Not-So-Funday: Teen Retailer dELiA*s, Inc. Files for Bankruptcy

Breaking News Alerts from Chapter11Dockets.com


As the company had presaged in a Friday press release, retailer dELiA*s, Inc. (ticker symbol: DLIA) voluntarily filed for chapter 11 bankruptcy protection on Sunday night in New York.  The company reported that it had assets and liabilities of $74 million and $50.5 million at book value.  While those numbers might initially give investors a glimmer of hope, court filings quickly dashed that hope by stating that the company believes that "the best estimated value of the...

November 21, 2014
Share:
LinkedInTwitter

Aereo Files for Bankruptcy Protection After Supreme Court Loss

Breaking News Alerts from Chapter11Dockets.com


Aereo, Inc. - the heavily-financed startup that was aiming to disrupt the television broadcasting industry until a recent setback dished out by the U.S. Supreme Court - voluntarily filed for chapter 11 bankruptcy protection on Thursday night in the United States Bankruptcy Court for the Southern District of New York.  The company, which is represented by William Baldiga and R. Benjamin Chapman of Brown Rudnick LLP, claimed assets of approximately $20.5 million and undisputed liabilities (primarily trade debt) of approximately $4.2 million...

August 14, 2014
Share:
LinkedInTwitter

RECOMMENDED READING: Where Bankruptcy Cases Can Proceed is Shaped by the Type of Reorganization and New Technologies for Case Management

From the Editorial Staff of Commercial Bankruptcy Investor


Why do large and complex bankruptcy cases get filed mainly in Delaware and New York City?  For a valuable perspective on that question, the Editorial Staff of Commercial Bankruptcy Investor recommends Christopher A. Ward, “Venue: Energy Future’s Take on the Controversial Topic,” which is published on the Morris Anderson website.  Ward reviews a recent decision by the U.S. Bankruptcy Court of the District of Delaware which rejected an attempt by an indenture trustee for certain noteholders...

May 29, 2013
Share:
LinkedInTwitter

Location Location Location - Where to File Bankruptcy

  • Lawrence V. Gelber
  • Erik Schneider
  • Schulte Roth & Zabel LLP
  • New York, New York
  • (212) 756-2000
  • Lawrence.gelber@srz.com
  • Erik.schneider@srz.com
 

Why file a bankruptcy case here instead of there? An entity, and moreso a group of entities, may be legally permitted to file for bankruptcy in any one of a number of judicial districts – also referred to as venues. A prospective debtor should carefully consider where to file its bankruptcy petition. Courts in different venues do not uniformly interpret all provisions of the Bankruptcy Code and its procedural rules. Different legal standards exist most...

May 24, 2013
Share:
LinkedInTwitter

Assessing Potential Return -- When the PBGC Files a [Huge] Claim in a Bankruptcy Case

  • Mina Amir-Mokri
  • Barnes & Thornburg LLP
  • Chicago, Illinois
  • (312) 214-4804
  • Mina.Amir-Mokri@btlaw.com

What should interested parties in a bankruptcy case monitor when the Pension Benefit Guaranty Corporation (PBGC) files a claim in the case as an unsecured creditor? When a company that has filed a petition in bankruptcy sponsors the type of pension plan insured by the PBGC, it is more likely than not that the pension plan is not adequately funded to provide all required benefits upon termination of the plan. As a result, the PBGC...



FP ad for BK sites
Fuel Break - BK
DailyDac
hyper ams bk