Articles tagged with: Chem Rx Corporation

Reports, Articles, Motions, Opinions Concerning Chem Rx Corporation Bankruptcy Preferential, Fraudulent Transfer Avoidance Adversary Proceeding Litigation

CRC Litigation Trust Starts Chem Rx Corporation Bankruptcy Transfer Avoidance Adversary Proceedings

On from April 5, 2012 to May 8, 2012, AP Services, LLC, as trustee of the CRC Litigation Trust in the Chem Rx Corporation Bankruptcy, commenced Chapter 5 preferential and fraudulent transfer recovery litigation with the filing of 93 avoidance complaints (40 complaints include 547 preferential transfer counts and 53 include constructive fraudulent conveyance claims under Bankruptcy Code Section 548 and New York Debtor and Creditor Law Section 278) complaints in the District of Delaware.   Traditional trade creditors make up less than half of the defendants.  Religious and charitable organizations are the primary targets.