Categories: Bankruptcy and Restructuring News · Disclosure Statement · Plan of Reorganization
Tagged: bankrupt, bankruptcy, chapter 11, court, disclosure, Disclosure Statement, hearing, lenox, plan, Plan of Reorganization, postpone, reorganization, sales, solicit, statement, vote, voting
On January 26, 2009, Pilgrim’s Pride Corporation and its affiliates filed separate Schedules of Assets and Liabilities and Statements of Financial Affairs for each corporate entity that filed for bankruptcy. Schedules of Assets and Liabilities and Statements of Financial Affairs are required to be filed by each company pursuant to section 521 of the Bankruptcy Code and are intended to provide creditors and other parties with a complete picture of the company’s financial position. In addition, the schedules provide a complete list of the company’s view as to the claims against it (listed individually by party with acknowledged or disputed amount) and the contracts and leases to which it is a party. The information required to be included includes the following:
The Statement of Financial Affairs includes information regarding such topics as revenues, payments made in the 90 days prior to bankruptcy (potentially subject to recovery), lawsuits against the company, property held for other parties, environmental information, locations of financial information, owners, and pension funds.
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Categories: Bankruptcy and Restructuring News · Major Bankruptcy Case Events
Tagged: 521, affair, asset, bankrupt, bankruptcy, chapter 11, claim, contract, corporation, creditor, dispute, financial, lawsuit, lease, liabilities, liability, obligation, payment, pilgrim, pilgrim's, pride, priority, revenue, schedule, secured, statement, unsecured
Categories: Bankruptcy and Restructuring News · Major Bankruptcy Case Events
Tagged: airvana, bank, bankrupt, bankruptcy, benefit, BONY, chapter 11, claim, committee, corporation, creditor, creditors, creditors' committee, delaware, flextronics, guaranty, mellon, networks, new york, nortel, official, pbgc, pension, trustee, unsecured
On January 26, 2009, Heller Ehrman LLP filed its Schedules of Assets and Liabilities and Statement of Financial Affairs. Schedules of Assets and Liabilities and Statements of Financial Affairs are required to be filed pursuant to section 521 of the Bankruptcy Code and are intended to provide creditors and other parties with a complete picture of the company’s financial position. In addition, the schedules provide a complete list of the company’s view as to the claims against it (listed individually by party with acknowledged or disputed amount) and the contracts and leases to which it is a party. The information required to be included includes the following:
The Statement of Financial Affairs includes information regarding such topics as revenues, payments made in the 90 days prior to bankruptcy (potentially subject to recovery), lawsuits against the company, property held for other parties, environmental information, locations of financial information, owners, and pension funds.
Follow everything happening in Heller Ehrman’s bankruptcy case and the bankruptcy cases of over 450 other major corporations using netDockets. Sign up now for a free trial account and get your first $100 of usage completely free and with no further commitment.
Categories: Bankruptcy and Restructuring News · Major Bankruptcy Case Events
Tagged: 521, affairs, asset, bankrupt, bankruptcy, chapter 11, claim, code, contract, creditor, ehrman, financial, heller, lease, liabilities, liability, obligation, property, schedule, secured, statement, unsecured
January 28, 2009 · 1 Comment
As reported earlier, Hartmarx Corporation and its affiliates filed for bankruptcy late Friday night (more details on the bankruptcy filing can be found here). As is customary in large corporate bankruptcy filings, the companies also filed motions and applications for relief from certain bankruptcy code sections and rules in order to allow them to continue to operate their businesses (more information available here).
Following a hearing on the motions, the bankruptcy court yesterday entered orders approving the following motions and applications (follow the links to view the documents using netDockets):
- Motion for Joint Administration of Lead Case Hartmarx Corporation with Member Case(s)
- Motion to Authorize to Pursuant To 11 U.S.C. Section 521, 28 U.S.C. Section 156(c) And Rule 2002 Of The Federal Rules Of Bankruptcy Procedure For An Order (A) Authorizing The Debtors To Mail All Notices And (B) Approving The Form Of Agreement With Kurtzman Carson Consultants, LLC As Claims, Noticing, And Solicitation Agent Of The Bankruptcy Court
- Motion to Authorize to Debtors’ Motion Under 11 U.S.C. Section 521 And Fed. R. Bankr. P. 1007 For Order Granting The Debtors Additional Time To File Schedules And Statements
- Motion for Administrative Order Pursuant to 11 U.S.C. Sections 102 And 105(a) And Local Rule 1000-1 Establishing Omnibus Hearing Dates And Certain Notice And Service Procedures
- Motion to Authorize to Motion For Order Under 11 U.S.C. Section 345 And 363 (I) Authorizing Continued Use Of Existing Cash Management System, Maintenance Of Existing Bank Accounts And Continued Use Of Existing Business Forms (II) Authorizing Continuation Of Intercompany Transactions And (III) Waiving Investment And Deposit Requirements
- Motion to Authorize to Motion for Order Under 11 U.S.C. Sections 105(a) 541, And 507(a), Authorizing (A) Payment Of Prepetition Wages, Salaries, And Employee Benefit Plans And Continuation Of Employee Benefit Plans And Programs Postpetition, And (B) Directing All Banks to Honor Prepetition Checks For Payment Of Employee Obligations
- Motion to Authorize to Pay Prepetition Sales, Use, And Other Tax Obligations
- Motion to Authorize to Motion For Order Under 11 U.S.C. Section 363(b), 503(b)(9), 506 And 546(b) Authorizing Debtors To Pay Certain Prepetition (i) Contractor And Supplier Invoices Related To Goods Delivered Within 20 Days Prior To The Petition Date, And (ii) Supply And Distribution Expenses Consisting Of (a) Logistics And Freight Charges, (b) Customs Duties, (c) Warehouse Charges, And (d) Shipping Charges
- Motion to Authorize to Debtors’ Motion For Order Pursuant To Bankruptcy Code Sections 363, 507(a)(7), 1107, And 1108 Authorizing Continuation Of Certain Customer Practices
- Motion to Authorize to Motion For Order Under 11 U.S.C. Sections 105, 366, 503(B) And 507(A) (I) Prohibiting Utilities From Altering, Refusing Or Discontinuing Services On Account Of Prepetition Invoices And (II) Establishing Procedures For Determining Requests For Additional Adequate Assurance
- Motion to Authorize to Application For Order Under 11 U.S.C. Section 107(b), Bankruptcy Rule 9018, And Local Rule 5005-4 Authorizing Debtors To File Exhibit To DIP Motion Under Seal
- Motion to Authorize to Motion For Interim And Final Orders Under 11 U.S.C. Sections 105, 361, 362, 363, And 364 And Bankruptcy Rules 2002, 4001, And 9014 (I) Authorizing Debtors, As Debtors In Possession, To (A) Use Cash Collateral And (B) Incur Postpetition Secured Indebtedness, (II) Granting Security Interests And Super-Priority Claims, (III) Granting Adequate Protection, (IV) Modifying Automatic Stay And (V) Setting Final Hearing
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Categories: Bankruptcy and Restructuring News · Major Bankruptcy Case Events · New Bankruptcy Filings
Tagged: administration, application, bankrupt, bankruptcy, benefit, cash, chapter 11, claim, contract, corporation, court, credit, customer, day, employee, financing, first, hartmarx, joint, management, motion, obligation, order, salary, supplier, tax, utility, vendor, wage
On January 26, 2009, Apex Silver Mines Limited and its affiliates filed separate Schedules of Assets and Liabilities and Statements of Financial Affairs for each corporate entity that filed for bankruptcy. Schedules of Assets and Liabilities and Statements of Financial Affairs are required to be filed by each company pursuant to section 521 of the Bankruptcy Code and are intended to provide creditors and other parties with a complete picture of the company’s financial position. In addition, the schedules provide a complete list of the company’s view as to the claims against it (listed individually by party with acknowledged or disputed amount) and the contracts and leases to which it is a party. The information required to be included includes the following:
The Statement of Financial Affairs includes information regarding such topics as revenues, payments made in the 90 days prior to bankruptcy (potentially subject to recovery), lawsuits against the company, property held for other parties, environmental information, locations of financial information, owners, and pension funds.
Follow everything happening in Apex Silver Mines Limited’s bankruptcy case and the bankruptcy cases of over 450 other major corporations using netDockets. Sign up now for a free trial account and get your first $100 of usage completely free and with no further commitment.
Categories: Bankruptcy and Restructuring News · Major Bankruptcy Case Events
Tagged: 521, affairs, apex, asset, bankrupt, bankruptcy, chapter 11, claim, contract, creditor, executory, financial, lease, liabilities, liability, limited, mines, property, schedule, secured, silver, statement, unexpired, unsecured
