On March 4, 2011, George L. Miller, Chapter 7 Trustee for the Bankruptcy Estate of MCC (f/k/a Monaco Coach Corporation) et al commenced bankruptcy preference recovery litigation with the filing of 67 complaints in the United States Bankruptcy Court for the District of Delaware.
On March 5, 2009 (the “Petition Date”), the Monaco Coach Corporation and 12 related entities[FN1] commenced these cases by filing voluntary petitions for relief under chapter 11 the Bankruptcy Code. As of June 4, 2009, the Debtors closed the sales of their luxury motorhome resort and core manufacturing assets. That same day, the Debtors’ authorization to use cash collateral expired. Without a source of cash to fund post-petition administrative expense, the Debtors quickly moved to convert the cases to Chapter 7. The cases were converted on June 30, 2009.