RCS Capital Corporation Bankruptcy New Filing Alert: Disclosure Statement With Respect To A Plan Of Reorganization Or Liquidation

On February 10, 2016, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of RCS Capital Corporation and its affiliates.

The filing was assigned docket number 121 and is described on the court’s official docket as follows:

Motion to Approve //Debtors Motion for an Order (I) Approving the Disclosure Statement; (II) Establishing Procedures for Solicitation and Tabulation of Votes to Accept or Reject the Plan, Including (A) Approving Form and Manner of Solicitation Procedures, (B) Approving Form and Notice of the Confirmation Hearing, (C) Establishing Record Date and Approving Procedures for Distribution of Solicitation Packages, (D) Approving Forms of Ballot, (E) Establishing Deadline for Receipt of Ballots, and (F) Approving Procedures for Vote Tabulations; (III) Establishing Deadline and Procedures for Filing Objections to (A) Confirmation of the Plan, and (B) the Debtors Proposed Cure Amounts for Unexpired Leases and Executory Contracts Assumed Pursuant to the Plan; and (IV) Granting Related Relief Filed by RCS Capital Corporation, et al.,. Hearing scheduled for 3/16/2016 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 3/4/2016. (Attachments: # (1) Notice # (2) Exhibit 1 # (3) Exhibit 2) (Bambrick, Ian)

RCS Capital Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 31, 2016. 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 16-10223. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Dechert LLP is acting as lead bankruptcy counsel to RCS Capital Corporation in the bankruptcy case.


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