Boomerang Systems, Inc. Bankruptcy New Filing Alert: Disclosure Statement With Respect To A Plan Of Reorganization Or Liquidation

On January 20, 2016, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of Boomerang Systems, Inc. and its affiliates.

The filing was assigned docket number 379 and is described on the court’s official docket as follows:

Joint Motion to Approve – Debtors’ and Creditors’ Committee’s Joint Motion for Entry of Order (I) Conditionally Approving the Plan for Adequate Information and Solicitation Purposes, (II) Scheduling the Combined Hearing and Deadline for Filing Objections; (III) Approving the Retention of Garden City Group, LLC as Notice, Claims and Solicitation Agent; (IV) Establishing Procedures for Solicitation and Tabulation of Votes to Accept or Reject the Combined Disclosure Statement and Joint Plan, and Approving the Form of Ballot and Solicitation Package; (V) Establishing Voting Record Date; and (VI) Approving the Notice Procedures Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 3/9/2016 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 3/2/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C) (Saccullo, Anthony)

Boomerang Systems, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 18, 2015. 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 15-11729. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Togut, Segal & Segal LLP is acting as lead bankruptcy counsel to Boomerang Systems, Inc. in the bankruptcy case.


Leave a Reply