Arclin US Holdings Inc., (“Arclin Holdings”) has requested authority to file a consolidated list of the 30 largest unsecured creditors of the Arclin and its affiliated Debtors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors. All of the claims were listed as trade debt and none of the claims were identified as disputed.
Articles tagged with: unsecured creditors
Bashas Inc. Bankruptcy – 30 Largest Unsecured Creditors
Bashas’ Inc. and 2 affiliated entities (”Debtors”) filed petitions in Bankruptcy Court for the District of Arizona for relief under chapter 11 of title 11 of the United States Code. Bashas’ is the lead debtor (case no. 09-16050) and filing concurrently were affiliates Bashas’ Leaseco, Inc. (case no. 09-16051) and Sportsman’s L.L.C. (case no. 09-16052). Bashas is a family owned supermarket chain with 158 locations, primarily in Arizona. It is one of the nations largest privately held grocers. Published reports state that Bashas’ has more than 20,000 creditors. The top 30 unsecured creditors as identified by Bashas’ Inc. are listed below:
Lear Corporation – 50 Largest Unsecured Bankruptcy Creditors
Lear Corporation has requested authority to file a consolidated list of the 50 largest unsecured creditors for itself and its affiliated Debtors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors. The largest unsecured trade payable on the list is $5,076,686.81 due to Johnson Controls, Inc.
Global Safety Textiles – Largest Unsecured Bankruptcy Creditors
Global Safety Textiles Holdings LLC (“Global Safety” and, together with 8 domestic and international debtor subsidiaries, the “Debtors”) has filed a consolidated list of the 30 largest unsecured creditors of the Debtors (the “Top Unsecured Creditor List”). This list is remarkable for the small size of the supplier pre-petition claims. The reasons for this phenomenon are explained in detail in the later post discussing certain substantive aspects of this case.
Proliance International – 30 Largest Unsecured Bankruptcy Creditors
Proliance International has filed a consolidated list of the 30 largest unsecured creditors for itself and its affiliated Debtors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors. Claims for creditors on the Top Unsecured Creditors List total almost $45 million. The amounts owed to each of the unsecured suppliers are all listed as trade debt. Likely because the Debtors provide aftermarket components, we only see one familiar name – Alcoa Mill Products is listed with a claim of $1,845,151. There ia also one huge claim of approximately $17 million of Enterex Industrial Co. Ltd., which claim is tagged as “disputed.”
Grede Foundries – Largest Unsecured Bankruptcy Creditors
Grede Foundries, Inc. (“Grede”) has filed a single debtor bankruptcy in the US Bankruptcy Court for the Western District of Wisconsin (Case No. 09-14337). Grede is one of the largest cast iron foundries in the United States. It produces ductile and gray iron and specialty metal parts for the automotive, heavy truck, off-highway, diesel engine and industrial markets.
Of the 20 largest claims of unsecured creditors, 16 claims are identified at trade debt.
Six Flags Bankruptcy – 20 Largest Unsecured Bankruptcy Creditors
Premier International Holdings Inc., et al. (aka Six Flags) has filed a consolidated list of the 20 largest unsecured creditors (the “Top Unsecured Creditor List”) for itself and its 36 affiliated debtors (the “Debtors”) in lieu of a separate list for each of the Debtors. The Top Unsecured Creditor List is based on the Debtors’ books and records as of approximately June 13, 2009. The Top Unsecured Creditor List does not include: (1) persons who come within the definition of “insider”; or (2) secured creditors, unless the value of the collateral is such that the unsecured deficiency places the creditor among the holders of the largest unsecured claims.
GM Bankruptcy – 50 Largest Unsecured Bankruptcy Creditors
General Motors Corporation filed bankruptcy in the Southern District of New York on June 1, 2009. It has requested authority to file a consolidated list of the 50 largest unsecured creditors of General Motors and its affiliated Debtors (the “Top 50 List”) in lieu of a separate list for each of the Debtors. The Top 50 List is based on the Debtors’ books and records as of approximately May 31, 2009. The Top 50 List does not include persons who come within the definition of “insider” under the Bankruptcy Code.
The amounts owed to each of the unsecured creditors is listed as trade debt. None of the amounts were listed as being contingent, unliquidated, disputed or subject to setoff.
The following Top 50 List can be sorted by any column by clicking the column heading:
Metaldyne Bankruptcy – Largest Unsecured Bankruptcy Creditors
Metaldyne requested and was granted authority to file a consolidated list of the 50 largest unsecured creditors of the Metaydyne Corporation and its 30 affiliated Debtors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors. The amounts owed to each of the unsecured suppliers is listed as trade debt. We are seeing several very familiar automotive parts supplier names on this list. We are also seeing some of the listed debt to automotive parts suppliers as “disputed.” This is probably an indication of a claim of set off.
Visteon Bankruptcy – Largest Unsecured Bankruptcy Creditors
Visteon Corp. has filed a consolidated list of the 30 largest unsecured creditors of the Visteon Corp. and affiliated Debtors (the “Top Unsercured Creditor List”) in lieu of a separate list for each of the Debtors. The amounts owed to each of the unsecured suppliers is listed as trade debt. Visteon’s list is heavily populated with providers of electronic components and plastic compounds.