Late on July 6, 2021, MatlinPatterson Global Opportunities Partners II L.P., along with several affiliates, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Lead Case No. 21-11255). As described further in the First Day Declaration, the Debtors are investment funds and affiliated entities that entered bankruptcy in an attempt to facilitate a wind up that has been “hamstrung by several litigations filed abroad.” The company estimates $100 to $500 million in assets and $10 to $50 million in liabilities.
Cole Schotz does not represent the Debtors in these cases. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.
Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.