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Security National Properties Files for Bankruptcy in Delaware, Citing Unpredictability of the Financial Markets
Introduction On October 17, 2011, commercial real estate developer Security National Properties Funding III, LLC ("Security National"), and certain affiliates filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Based in...
Wolverine Tube Files Bankruptcy, Hoping to Confirm Prearranged Plan
Introduction On October 31, 2010, Wolverine Tube, Inc. ("Wolverine") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to the Declaration of Wolverine's President in Support of Debtors' Petitions (the...
Banning Lewis Ranch Development Files for Bankruptcy in Delaware
On October 28, 2010, Banning Lewis Ranch Co. LLC and Banning Lewis Ranch Development I & II, LLC (collectively, "Banning"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. A copy of one of the Banning bankruptcy...
Sports Equipment Manufacturer, Schutt Sports, Files for Bankruptcy in Delaware
Introduction On September 6, 2010, Schutt Sports ("Schutt" or the "Debtor") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. This post will look briefly at the nature of Schutt's business, why it filed for bankruptcy...
A Closer Look at the Iseli Nursery and Weeks Wholesale Bankruptcies
Introduction On October 4, 2010, International Garden Products filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. International Garden Products ("IGP") is the parent company of Iseli Nursery ("Iseli") and...
