Questex Media Bankruptcy – Debt Picture and Largest Unsecured Creditors

Questex Media Group (“Questex Media”) and its 8 affiliates who also filed bankruptcy on October 5, 2009 (the “Debtors”) have requested authority to file a consolidated list of the 30 largest unsecured creditors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors.  The total claims of the 30 top unsecured creditors is substantial, exceeding $66 million.  However, the amount of vendor debt on the list appears only to be approximately $2 million.  Although vendor debt was not a factor in the decision to file this bankruptcy, the suppliers and other vendors with pre-petition claims will suffer significant “collateral” damage.

Questex Media Bankruptcy – Background, Identification of Debtors, Case Numbers and Petition Statistical Information

Questex Media Group (“Questex Media”) and 8 affiliated entities (“Debtors”) filed petitions on October 5, 2009 in the Bankruptcy Court for the District of Delaware for relief under Chapter 11 of Title 11 of the United States Code.  The Debtors have moved for joint administration of the Debtors’ cases under case number 09-13423.  The case has been assigned to Judge Mary F. Walrath.