Chapter 11 Cases | Chapter 11 Cases http://chapter11cases.com News, Analysis & Bankruptcy Court Filings Fri, 14 Jun 2013 06:29:26 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 MH Equity Managing Member, LLC Files for Chapter 11 Bankruptcy Protection in Indiana http://chapter11cases.com/mh-equity-managing-member-llc-files-for-chapter-11-bankruptcy-protection-in-indiana/ http://chapter11cases.com/mh-equity-managing-member-llc-files-for-chapter-11-bankruptcy-protection-in-indiana/#comments Fri, 14 Jun 2013 06:29:26 +0000 chapter11cases http://chapter11cases.com/?p=170470 MH Equity Managing Member, LLC voluntarily filed for bankruptcy protection in the Southern District of Indiana.  The company listed approximately $10 million in assets in its schedules against only approximately $1 million in liabilities.  The company also reported approximately $5 million in gross revenue in 2012.  MH Equity Managing Member is represented by Katten Muchin Rosenman LLP and Frost Brown Todd LLC in the bankruptcy case.

Copies of the company’s petition, schedules of assets and liabilities, and statement of financial affairs are embedded below.

 

 

]]> http://chapter11cases.com/mh-equity-managing-member-llc-files-for-chapter-11-bankruptcy-protection-in-indiana/feed/ 0 Key Court Filings: The Great Atlantic & Pacific Tea Company, Inc. & The Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund Each File Post-Trial Briefs on Issue of Determining Pension Fund’s Administrative Claim for Withdrawal Liability http://chapter11cases.com/key-court-filings-the-great-atlantic-pacific-tea-company-inc-the-food-employers-labor-relations-association-and-united-food-and-commercial-workers-pension-fund-each-file-post-trial-briefs-on-is/ http://chapter11cases.com/key-court-filings-the-great-atlantic-pacific-tea-company-inc-the-food-employers-labor-relations-association-and-united-food-and-commercial-workers-pension-fund-each-file-post-trial-briefs-on-is/#comments Fri, 14 Jun 2013 06:26:16 +0000 chapter11cases http://chapter11cases.com/?p=170469 Today, each of (1) The Great Atlantic & Pacific Tea Company, Inc. and (2) The Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund filed post-trial briefs with the bankruptcy court.  The briefs address their respective positions on the proper standard for determining the Pension Fund’s administrative claim arising as a result of The Great Atlantic & Pacific Tea Company’s withdrawal liability.  Copies of each brief are embedded below.

 

]]> http://chapter11cases.com/key-court-filings-the-great-atlantic-pacific-tea-company-inc-the-food-employers-labor-relations-association-and-united-food-and-commercial-workers-pension-fund-each-file-post-trial-briefs-on-is/feed/ 0 New Bankruptcy Court Opinion: Hawker Beechcraft Opinion on Contract Assumption http://chapter11cases.com/new-bankruptcy-court-opinion-hawker-beechcraft-opinion-on-contract-assumption/ http://chapter11cases.com/new-bankruptcy-court-opinion-hawker-beechcraft-opinion-on-contract-assumption/#comments Fri, 14 Jun 2013 06:22:14 +0000 chapter11cases http://chapter11cases.com/?p=170468 Bankruptcy Judge Stuart Bernstein issued the following opinion today in the Hawker Beechcraft bankruptcy cases.  The full opinion is embedded below.

]]> http://chapter11cases.com/new-bankruptcy-court-opinion-hawker-beechcraft-opinion-on-contract-assumption/feed/ 0 MicroMed Technology, Inc. Files for Chapter 11 Bankruptcy Protection in Delaware http://chapter11cases.com/micromed-technology-inc-files-for-chapter-11-bankruptcy-protection-in-delaware/ http://chapter11cases.com/micromed-technology-inc-files-for-chapter-11-bankruptcy-protection-in-delaware/#comments Fri, 14 Jun 2013 06:20:59 +0000 chapter11cases http://chapter11cases.com/?p=170467 MicroMed Technology, Inc. filed for chapter 11 protection in Delaware.  Court filings provide the following description of the company’s business:
What MicroMed Does.  In 1984, Drs. Michael DeBakey and George Noon performed heart transplant surgery on a NASA-Johnson Space Center engineer following a severe heart attack. That engineer returned to work six months later with the desire to apply spacecraft technology to help people with diseased hearts. Subsequently, NASA engineers and Drs. DeBakey and Noon discussed the design of a low-cost, low-power,implantable ventricular assist device.
In 1996, MMT received an exclusive license from NASA to use this rotary blood pump for cardiovascular applications. MicroMed then began the development of the critical support systems that would allow the device (system) to be approved by regulatory agencies and to be utilized in lifesaving applications in humans. European clinical trials of the DeBakeyVAD® began in November 1998 and CE Mark Certification was awarded in April 2001 for both the Adult and Pediatric VADs. The DeBakeyVAD® Child received FDA approval in February 2004.
In 2009, MicroMed made the strategic decision to address side effects encountered by existing approved devices through developing the next generation left ventricular assist device – the HeartAssist5®. This system is the culmination of everything learned throughout the over 450 implants worldwide, together with the collaboration of countless leading experts in the field of Mechanical Circulatory Support.
The HeartAssist5® System received CE Mark Approval Certification in May 2009, an important certification that allowed the HeartAssist5® System to be sold and implanted in certified centers across Europe.
In June 2012, MicroMed received approval from the U.S. Food and Drug Administration (FDA) to conduct an Investigational Device Exemption (IDE) Clinical Trial study of the HeartAssist5® LVAD System compared to one of its competitors, the HeartMate II® VAD, which is made by a company called Thoratec.
MMT’s world headquarters and certified manufacturing facility is located in Houston, Texas.
Copies of the company’s voluntary petition and first day declaration of an executive are embedded below.
]]> http://chapter11cases.com/micromed-technology-inc-files-for-chapter-11-bankruptcy-protection-in-delaware/feed/ 0 Top Bankruptcy News Headlines for June 11, 2013 http://chapter11cases.com/top-bankruptcy-news-headlines-for-june-11-2013/ http://chapter11cases.com/top-bankruptcy-news-headlines-for-june-11-2013/#comments Thu, 13 Jun 2013 06:51:42 +0000 chapter11cases http://chapter11cases.com/?p=170466 Details and links to full articles provided below. Summary:

  • LightSquared Ch. 11 exit facility from Jefferies set at $3B
  • Sound Shore Medical Wins Interim OK of $33 Mil. of DIP Loans
  • Patriot Coal CBA negotiations halted by co., cuts to begin July 1, union says
  • S&P lowers rating on some Detroit bonds to “CCC-” from “B” on potential adjustments to debt payments
  • PwC CFO Sees Gains From Big Business Transformations
  • Baker Hostetler on Providing Employees with Notice of Layoffs in Chapter 11 Cases
  • Debt Levels Build in Leveraged Buyouts
  • Scottish bankruptcy bill promises fairness for debtors and creditors

 

 

 

 

]]> http://chapter11cases.com/top-bankruptcy-news-headlines-for-june-11-2013/feed/ 0 What Companies Are Doing With Their Cash http://chapter11cases.com/what-companies-are-doing-with-their-cash/ http://chapter11cases.com/what-companies-are-doing-with-their-cash/#comments Thu, 13 Jun 2013 06:45:39 +0000 chapter11cases http://chapter11cases.com/?p=170464 UBS Chief Equity Strategist Jonathan Golub and Bloomberg’s Adam Johnson look at trend for over $1 billion mergers and acquisition deals on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

]]> http://chapter11cases.com/what-companies-are-doing-with-their-cash/feed/ 0 Stock Market Update: Is Economic Data Finally Syncing Up? http://chapter11cases.com/stock-market-update-is-economic-data-finally-syncing-up/ http://chapter11cases.com/stock-market-update-is-economic-data-finally-syncing-up/#comments Thu, 13 Jun 2013 06:44:53 +0000 chapter11cases http://chapter11cases.com/?p=170463 On today’s “Chart Attack,” Macro Risk Advisors CEO Dean Curnutt and Bloomberg’s Adam Johnson look at the performance of the markets on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

]]> http://chapter11cases.com/stock-market-update-is-economic-data-finally-syncing-up/feed/ 0 New Chapter 11 Bankruptcy Case Filings: June 11, 2013 http://chapter11cases.com/new-chapter-11-bankruptcy-case-filings-june-11-2013/ http://chapter11cases.com/new-chapter-11-bankruptcy-case-filings-june-11-2013/#comments Thu, 13 Jun 2013 06:37:35 +0000 chapter11cases http://chapter11cases.com/?p=170462 Alfa Properties, Inc.
  • Asset Range: $1M-$10M
  • Liability Range: $1M-$10M
  • Case Number: 1:13-bk-23823
  • Case Filing Location: FL

B & B Heating Co., Inc.

  • Asset Range: $0-$50k
  • Liability Range: $1M-$10M
  • Case Number: 8:13-bk-73127
  • Case Filing Location: NY

Engram Enterprises, LLC

  • Asset Range: $500k-$1M
  • Liability Range: $500k-$1M
  • Case Number: 2:13-bk-72202
  • Case Filing Location: VA

FLC Holding Company

  • Asset Range: $500k-$1M
  • Liability Range: $1M-$10M
  • Case Number: 1:13-bk-24125
  • Case Filing Location: IL

Heringer Sales & Service, Inc.

  • Asset Range: $1M-$10M
  • Liability Range: $1M-$10M
  • Case Number: 2:13-bk-26699
  • Case Filing Location: UT

HIDEAWAY RESTAURANT LLC

  • Asset Range: Unavailable
  • Liability Range: Unavailable
  • Case Number: 3:13-bk-09967
  • Case Filing Location: AZ

HNT Technology, Inc.

  • Asset Range: $500k-$1M
  • Liability Range: $500k-$1M
  • Case Number: 5:13-bk-53172
  • Case Filing Location: CA

Il Posto Giusto, Inc

  • Asset Range: $0-$50k
  • Liability Range: $0-$50k
  • Case Number: 3:13-bk-22908
  • Case Filing Location: NJ

Lio Energy Systems Holdings LLC

  • Asset Range: $10M-$50M
  • Liability Range: $50M-$100M
  • Case Number: 1:13-bk-11512
  • Case Filing Location: DE

Midtown Car Wash, Limited Liability Company

  • Asset Range: $100k-$500k
  • Liability Range: $100k-$500k
  • Case Number: 1:13-bk-11012
  • Case Filing Location: AL

Miles Electric Vehicles Limited

  • Asset Range: $10M-$50M
  • Liability Range: $50M-$100M
  • Case Number: 1:13-bk-11511
  • Case Filing Location: DE

Pharmacy Technologies, Inc

  • Asset Range: $100k-$500k
  • Liability Range: $100k-$500k
  • Case Number: 3:13-bk-33020
  • Case Filing Location: TX

Provider Business Solutions, Inc.

  • Asset Range: $0-$50k
  • Liability Range: $100k-$500k
  • Case Number: 3:13-bk-33022
  • Case Filing Location: TX

ProvideRX of Midland, LLC

  • Asset Range: $50k-$100k
  • Liability Range: $100k-$500k
  • Case Number: 3:13-bk-33016
  • Case Filing Location: TX

ProvideRX of San Antonio, LLC

  • Asset Range: $100k-$500k
  • Liability Range: $100k-$500k
  • Case Number: 3:13-bk-33018
  • Case Filing Location: TX

ProvideRX of Waco, LLC

  • Asset Range: $50k-$100k
  • Liability Range: $100k-$500k
  • Case Number: 3:13-bk-33017
  • Case Filing Location: TX

UNIQUE CASEWORK INSTALLATIONS, INC.

  • Asset Range: $100k-$500k
  • Liability Range: $100k-$500k
  • Case Number: 1:13-bk-24058
  • Case Filing Location: IL
]]> http://chapter11cases.com/new-chapter-11-bankruptcy-case-filings-june-11-2013/feed/ 0 Top Bankruptcy News Headlines: June 10, 2013 http://chapter11cases.com/top-bankruptcy-news-headlines-june-10-2013/ http://chapter11cases.com/top-bankruptcy-news-headlines-june-10-2013/#comments Wed, 12 Jun 2013 06:32:19 +0000 chapter11cases http://chapter11cases.com/?p=170461 Links and more information below. Summary:

  • Judge Confirms Arcapita Bank’s Chapter 11 Liquidation Plan
  • Excel Maritime intends to file for bankruptcy
  • NE Opco Wins Approval of $60 Million Bankruptcy Loan
  • Electric car maker Coda wins approval to sell assets to Fortress
  • LDK Solar Expects to Restructure $240 Million in Debt
  • Governor confirms Hamtramck in financial emergency
  • School Specialty concludes restructuring, emerges from Chapter 11
  • Exide confirms interim court approval of $500m DIP. Final hearing set for July 11
  • Morris Anderson’s Focus on Franchises: Current State & 6-12 Month Outlook
  • Chris Ward of Polsinelli LLC: Podcast on New Book “Chief Restructuring Officer’s Guide to Bankruptcy”
  • From McKinsey: Are we witnessing a failure of technology to drive growth?
  • Draft of a New Paper: A New Approach to Maximizing Recovery in a 363 Sale

]]> http://chapter11cases.com/top-bankruptcy-news-headlines-june-10-2013/feed/ 0 Duke Fuqua School of Business: Global Business Outlook Survey – Second Quarter, 2013 http://chapter11cases.com/duke-fuqua-school-of-business-global-business-outlook-survey-second-quarter-2013/ http://chapter11cases.com/duke-fuqua-school-of-business-global-business-outlook-survey-second-quarter-2013/#comments Wed, 12 Jun 2013 06:26:26 +0000 chapter11cases http://chapter11cases.com/?p=170460 Duke Fuqua School of Business finance Professor John Graham discusses the latest results of a global quarterly survey of chief financial officers. – http://bit.ly/181SgnA

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