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Ablest Inc. and its debtor-affiliates sought Chapter 11 bankruptcy protection with a prepackaged plan of reorganization that will reduce $650 million of debt by $300 million.

The U.S. Bankruptcy Court for the Southern District of California extended Vail Lake Rancho California LLC's exclusive periods to file a chapter 11 plan until May 1, 2014; and solicit acceptances for that plan until July 1.

The Hon. Neil W. Bason of the U.S. Bankruptcy Court for the Central District of California authorized HDOS Enterprises to employ Rust Consulting Omni Bankruptcy, a division of Rust Consulting, In., as the claims, noticing and balloting agent for the Clerk of the Bankruptcy Court, nunc pro tunc to Feb. 13, 2014.

The Official Committee of Unsecured Creditors of Buffet Partners, L.P., et al. seeks authorization from the Hon. Harlin D. Hale of the U.S. Bankruptcy Court for the Northern District of Texas to retain Munsch Hardt Kopf & Harr, P.C. as attorneys for the Committee, effective Feb. 11, 2014.

Global Geophysical Services Inc.'s prepetition lender is opposing the Debtors' motion for approval of their debtor in possession financing facility to be provided by certain of their prepetition unsecured bondholders, pointing out that it can provide alternative financing on the same economic terms offered by the bondholder. TPG Specialty Lending Inc. and its affiliates, the prepetition secured lenders, say priming their liens and security interests on a non-consensual basis in favor of the bondholders' DIP facility is neither necessary nor permissible.

The Budd Company, Inc., a former supplier to the automotive industry, filed for chapter 11 bankruptcy protection on March 31, 2014, to seek approval of a settlement of potential claims against its parent, ThyssenKrupp AG, to help it address about $1.2 billion in liabilities, mostly owed to former employees.

MSI Corporation seeks authorization from the Hon. Jeffery Deller of the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Logue Law Firm LLC as special counsel.

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  • Skypatrol LLC Case Summary & 20 Largest Unsecured Creditors

    Debtor: Skypatrol, LLC, a Delaware Limited Liability Company
                dba GPS Tracking Solutions
                dba M2M Depot
                dba Defender
                dba Total GPS Technologies
                dba Fleet Command
                dba Protek
                3055 N.W. 84th Avenue
                Miami, FL 33122-1921

    Business Description: Skypatrol, LLC provides integrated Global
    Positioning System (GPS) tracking solutions
    serving many markets including vehicle
    finance, fleet management, mobile asset
    tracking, automobile dealerships, outdoor
    sports and motor sports.

    Written on Friday, 15 December 2017 05:22 in Latest News Be the first to comment! Read 21 times Read more...