Motor Coach Industries International Disclosure Statement Approved

The bankruptcy court has approved an amended disclosure statement for Motor Coach Industries International, Inc.  This allows the company to begin soliciting votes from creditors on a proposed plan of reorganization.  In connection with the hearing on the approval of the disclosure statement, the company filed revised versions of both its disclosure statement and proposed plan of reorganization.  These documents describe in detail the proposed outcome of the company’s bankruptcy cases and the likely payouts to creditors on account of their claims.

Download a copy of the approved disclosure statement and proposed plan of reorganization using netDockets.  Sign up now for a no-risk free trial account.

Hines Horticulture Disclosure Statement Approved

The bankruptcy court has approved an amended disclosure statement for Hines Horticulture, Inc.  This allows the company to begin soliciting votes from creditors on a proposed plan of reorganization.  In connection with the hearing on the approval of the disclosure statement, the company filed revised versions of both its disclosure statement and proposed plan of reorganization.  These documents describe in detail the proposed outcome of the company’s bankruptcy cases and the likely payouts to creditors on account of their claims.

Download a copy of the approved disclosure statement and proposed plan of reorganization using netDockets.  Sign up now for a no-risk free trial account.

Buffets Holdings Disclosure Statement Approved

The bankruptcy court has approved an amended disclosure statement for Buffets Holdings, Inc.  This allows the company to begin soliciting votes from creditors on a proposed plan of reorganization.  In connection with the hearing on the approval of the disclosure statement, the company filed revised versions of both its disclosure statement and proposed plan of reorganization.  These documents describe in detail the proposed outcome of the company’s bankruptcy cases and the likely payouts to creditors on account of their claims.

Download a copy of the approved disclosure statement and proposed plan of reorganization using netDockets.  Sign up now for a no-risk free trial account.

Deadline (Bar Date) Set for Filing Claims Against Lenox Sales

The bankruptcy court has set a deadline (or bar date) for the filing of proofs of claim against Lenox Sales, Inc. for certain types of claims.  The deadline for the filing of proofs of claim on account of most claims arising before Lenox filed for bankruptcy is 5:00 p.m. (Eastern) on February 17, 2009.  The deadline for governmental units is 5:00 p.m. (Eastern) on May 22, 2009.  Certain claims are excluded from the bar date.

Download a copy of the court’s order, which includes all of the procedures that must be followed for the filing of claims, using netDockets.  Sign up now for a free trial.

Frontier Airlines/IBT Union Concessionary Agreement Approved

Frontier Airlines Holdings, Inc. and the Airline Division of the International Brotherhood of Teamsters (IBT) have reached agreement on concessions relating to Frontier’s appearance agents and maintenance cleaners and the bankruptcy court has entered an order approving that agreement.  The Concessionary Agreement modifies the IBT collective bargaining agreement and entitles the IBT to a general unsecured claim against Frontier in the amount of $472, 196.  In exchange, the IBT has agreed to a wage reduction covering the period from December 2008 through December 2012. 

View a copy of the concessionary agreement, which lays out all of the terms of the parties’ agreement, and the court’s order approving the agreement, using netDockets.  Sign up now for a free trial.

Membership of Value City Creditors’ Committee Amended

The United States Trustee has amended the membership of the Official Committee of Unsecured Creditors for Value City Holdings, Inc.  Value City filed for bankruptcy on October 26th and the members of the Creditors’ Committee were first appointed on November 3rd.  The members of the Creditors’ Committee, as amended, are:

• United Food and Commercial Workers Union Local 880 and Mercantile Employers Joint Pension Fund
• National Janitorial Solutions, Inc.
• Rosenthal & Rosenthal
• Thor Macomb Mall LLC/Thor Equities
• Kimco Realty Corp.
• American Greetings
• Nej, Inc.
• Graphic Communications Holdings, Inc.
• San Malone Enterprises, Inc.
• Federal Jeans, Inc.

A copy of the notice of appointment and all other documents filed in the Value City bankruptcy can be downloaded here.

Pfau, Pfau & Pfau, LLC Files for Bankruptcy in California

Pfau, Pfau & Pfau, LLC, a real estate development company based in Fallbrook, California, filed for bankruptcy today in the United States Bankruptcy Court for the Southern District of California.  The company reported over $130 million in assets, located primarily in San Marcos, San Benito County, and Fresno County, California.  The company also reported approximately $49 million in liabilities owed to less than 50 creditors, and less than $1 million in annual revenues.

Download copies of every pleading from the Pfau, Pfau & Pfau bankruptcy, and over 380 other major corporate bankruptcies, using netDockets.  Sign up now for a free trial account.

Polaroid Corporation Files for Bankruptcy in Minnesota

Polaroid Corporation filed for bankruptcy protection today in the United States Bankruptcy Court for the District of Minnesota.  The company previously filed for bankruptcy in Delaware in 2001.  In a press release, the company reported that its bankruptcy filing was a result of the events surrounding its owner, Petters Group Worldwide.  Petters Group and its owner are under investigation for alleged acts of fraud and Petters Group filed for bankruptcy (also in Minnesota) earlier this year.  Polaroid also announced that it has adequate financial resources and will not be seeking approval of additional financing.

Key facts regarding the filing (source for all information: S&P Capital IQ):

• Assets: $473.8 million
• Revenues: $656.2 million
• Employees: 2,850

Download every pleading from the Polaroid and Petters Group bankruptcies using netDockets.  Sign up now for a no risk free trial.

NetVersant Solutions Asset Auction Cancelled

The auction for all or substantially all of the assets of NetVersant Solutions, Inc. has been cancelled.  NetVersant previously received authority to hold an auction for its assets from the bankruptcy court on December 4th.  No reason was provided by the company for the cancellation of the auction, nor has it been rescheduled. 

A copy of the notice of cancellation, as well as every other document filed in NetVersant’s bankruptcy cases, can be viewed here.

No Creditors’ Committee Appointed in Vail Plaza Development Cases

The United States Trustee filed a notice stating that no Official Committee of Unsecured Creditors will be appointed in the Vail Plaza Development, LLC bankruptcy cases.  A Creditors’ Committee will not be appointed because there were too few unsecured creditors who were willing to serve on the Committee.  Vail Plaza filed for bankruptcy on October 27th.

Download a copy of the notice of non-appointment and all other documents filed in the bankruptcy cases.