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Chapter 11
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Georgia Bankruptcy Blog
More Chapter 11 Filings: The Grape Files Chapter 11 In Northern District
By Sunghee Sohn
The Grape wine bar and shop, with locations in Atlanta and Florida, filed Chapter 11 petitions in the Northern District today. The cases are: Case No. Ch Party Info 08-82818-reb…
In Solvency
VeraSun Energy Corporation Files for Chapter 11 Bankruptcy in the District of Delaware
By Fox Rothschild LLP, Fox Rothschild LLP
A Look at VeraSun’s Business Based in Sioux Falls, South Dakota, VeraSun Energy Corporation (“VeraSun” or the “Debtor”), grew in its seven year history to become the leading producer of…
In Solvency
A Look At Value City’s Objectives While In Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Background on the Bankruptcy Filing On October 26, 2008, Value City Department Stores filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the Southern District of New…
Delaware Bankruptcy Update
A Look At Value City’s Objectives While In Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Background on the Bankruptcy Filing On October 26, 2008, Value City Department Stores filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the Southern District of New…
Georgia Bankruptcy Blog
MD Ga – Oversecured Creditor Entitled To Post-Petition Attorneys Fees Notwithstanding Failure To Comply With O.C.G.A. § 13-1-11
By Sunghee Sohn
JP Morgan Chase Bank v. ELL 11, LLC, No. 7:07-CV-158-HL, 2008 WL 4682263 (M.D. Ga. October 21, 2008). The issue before the Court is -- This case presents the question of whether after…
In Solvency
Greatwide Logistic Services Files for Chapter 11 Bankruptcy in the District of Delaware
By Fox Rothschild LLP, Fox Rothschild LLP
Background on Greatwide Greatwide Logistic Services, the largest non-asset based trucking company in the United States, filed a petition for chapter 11 bankruptcy in Delaware on October 20, 2008. By…
In The (Red)®
Second Liens And Recharacterization: Is More Litigation Around The Corner?
In many Chapter 11 bankruptcy cases, unsecured creditors investigate whether a basis exists to recharacterize existing secured debt as equity. The reason? A successful challenge can turn first or second lien secured debt into "back-of-the-line" capital contributions, enabling unsecured…
In Solvency
Sleep Innovations Files for Bankruptcy in the District of Delaware
By Fox Rothschild LLP, Fox Rothschild LLP
On October 3, 2008, Comfort Co, Inc., the Delaware holding company for Sleep Innovations, Inc., filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District…
Delaware Bankruptcy Update
Motor Coach Industries International Files for Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
On September 15, 2008, Motor Coach Industries International ("Motor Coach") filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Motor Coach designs, manufactures and sells motor…
In The (Red)®
The Credit Crisis And DIP Financing
The credit crisis has made it difficult for companies to borrow throughout the economy. It should come as little surprise then that the constriction in the credit markets is hitting Chapter 11…