From August 29, 2013 to September 6, 2013, Pirinate Consulting Group LLC, as Litigation Trustee of the NP Creditor Litigation Trust in the NewPage Corporation Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation with the filing of 800 complaints in the District of Delaware .
Articles tagged with: NewPage Corporation
NewPage Corporation – 30 Largest Unsecured Creditors
NewPage Corporation and 13 associated debtorsFN1 (the “Debtors”) filed voluntary petitions under Chapter 11 of the Bankruptcy Code on September 7, 2011 in the Bankruptcy Court for the District of Delaware (Case No. 11-12804). The Honorable Kevin Gross has been assigned to the case. This initial note provides the Debtors’ consolidated list of their 30 largest unsecured creditors. Unfortunately, the top 30 creditors are just the tip of the iceberg of the mass bankruptcy preference campaign launched by Pirinate Consulting Group LLC as litigation trustee of the NP Creditor Litigation Trust. On August 29, 2013, a massive transfer avoidance and recovery campaign was started against former providers of goods and services to the Debtors. For a compete Adversary Proceeding Litigation Report click this link.