True Temper Sports, Inc. (“True Temper Sports”) and 2 affiliated entities (“Debtors”) filed petitions on October 8, 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 09-13446. The case has been assigned to Judge Peter J. Walsh. The following post summarizes the Debtors’ description of their business, the Debtors’ corporate structure, and provides information to assist in the identification of the Debtors and their non-Debtor affiliates.
Articles tagged with: debtor identification
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.
Pittsburgh Tube Bankruptcy – Background, Identification of Debtors, Case Numbers and Petition Statistical Information
PTC Alliance Corp. d/b/a Pittsburgh Tube Company (“Pittsburgh Tube”) and 6 affiliated entities (“Debtors”) filed petitions on October 1, 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 09-13395. The case has been assigned to Judge Christopher S. Sontchi.
Holley Performance Bankruptcy –Identification of Debtors and Petitions, Estimated Creditors, Assets and Liabilities
Holley Performance Products Inc. (“Holley Performance”) and 4 affiliated entities (“Debtors”) filed petitions on September 28, 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 09-13333. For suppliers and other unsecured creditors, this case will require careful monitoring. Based on the initial filings, the intended direction of this bankruptcy can not be determined. The Debtors have filed without securing debtor in possession financing. The Debtors are anticipating a fight with the pre-petition, first priority secured lenders. The first day motion for use of cash collateral is entitled (in part): “Motion for an Order … Authorizing the Debtors’ Use of Cash Collateral on a Non-Consensual Basis… .”
Velocity Express Bankruptcy – Debtors, Petitions, Background Information
Velocity Express Corporation (“Velocity Express”) and 12 affiliated entities (“Debtors”) filed petitions on September 24, 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 09-13294. The Debtors’ petitions and the first day motions are supported by the declaration of Vincent A. Wasik, Chief Executive Officer (the “Wasik Declaration”). The Wasik Declaration clearly identifies the direction of the bankruptcy – the immediate rejection of facility leases and a quick 363 sale.
Barzel Bankruptcy – Identification of Debtors and Petitions
Barzel Industries Inc. (“Barzel”) and 7 affiliated entities (”Debtors”) filed petitions on September 15, 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 09-13204. The bankruptcy presents some potential challenges for suppliers at the most fundamental level – the correct identification of the supplier’s customer.
Readers Digest Bankruptcy – Debtors and Petitions
The Reader’s Digest Association, Inc. and 47 affiliated entities (”Debtors”) filed petitions on August 24, 2009 in Bankruptcy Court for the Southern District of New York for relief under Chapter 11 of Title 11 of the United States Code. The Debtors hold an aggregate of approximately $2.2 billion in assets and approximately $3.4 billion in liabilities as indicated in their most recent unaudited financial statements as of June 30, 2009. The Debtors estimate that they have approximately 1,400 vendors on a consolidated basis with outstanding pre-petition claims in the amount of approximately $90 million. The US bankruptcy proceedings are being consolidated for administrative purposes only under the The Reader’s Digest Association, Inc. case number 09-23529. The following is a listing of the Debtors and petition numbers.
Finlay Jewelry Bankruptcy – Debtors and Petitions
Finlay Enterprises, Inc. and 7 affiliated entities (”Debtors”) filed a petitions in United States Bankruptcy Court for the Southern District of New York for relief under Chapter 11 of Title 11 of the United States Code. The Debtors are among the leading retailers of fine jewelry in the United States. Debtors have approximately 77 department store locations and also operate approximately 106 stand-alone jewelry stores doing business as Bailey Banks & Biddle, Carlyle & Co. Jewelers LLC, and L. Congress, Inc.
Cooper-Standard Automotive Bankruptcy – Debtors and Petitions
Cooper-Standard Holdings Inc. and 12 affiliated entities (”Debtors”) filed a petitions in Bankruptcy Court for the District of Delaware for relief under chapter 11 of title 11 of the United States Code. The Debtors are a leading global automotive manufacturer of fluid handling, body sealing, and noise, vibration and harshness control components, systems, subsystems, and modules, primarily for use in passenger vehicles and light trucks for global original equipment manufacturers and replacement markets.
Stant Corporation Bankruptcy – Debtors and Petitions
See the Stant Corporation Docsheet™ Report for subsequent selected docket entries in the Stant Corporation bankruptcy proceedings.
Stant Corporation and 5 affiliated entities (”Debtors”) filed a petitions in Bankruptcy Court for the District of Delaware for relief under chapter 11 of title 11 of the United States Code. The Debtors are leading developer and manufacturer of automotive fuel systems, fuel caps, radiator caps and thermostats. The Debtors products are sold in the U.S. and Canada through wholesale automotive parts distribution outlets and to automotive OEMs.
The bankruptcy looks like a classic 363 sale/stalking horse bidder transaction that will result in the clear split of supplier “haves” and supplier “have nots.” A critical vendor motion and attached sample trade agreement show that even for the supplier “haves” there are going to be some tough decisions.