On December 23, 2014, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) and its affiliates.
The filing was assigned docket number 474 and is described on the court’s official docket as follows:
Motion to Approve (Motion to (I) Approve Disclosure Statement, (II) Approve Voting and Tabulation Procedures, and (III) Set Confirmation Hearing and Related Deadlines) Filed by Phoenix Payment Systems, Inc.. Hearing scheduled for 1/30/2015 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 1/20/2015. (Attachments: # (1) Notice of Motion and Hearing # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C # (5) Exhibit D # (6) Exhibit E) (Terranova, Marisa)
Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 4, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-11848. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Richards, Layton & Finger, P.A. is acting as lead bankruptcy counsel to Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) in the bankruptcy case.