New Delaware Chapter 11 Filing – Abeinsa Holding Inc.
Abeinsa Holding Inc. and 12 of its affiliates have commenced cases (Lead Case No. 16-10790) under Chapter 11 of the Bankruptcy Code by filing petitions with the U.S. Bankruptcy Court for the District of Delaware. The Honorable Kevin J. Carey will preside of these cases.
The debtors are affiliates of debtors in voluntary cases in the U.S. Bankruptcy Court for the Eastern District of Missouri and involuntary cases in that court and the U.S. Bankruptcy Court for the District of Kansas. The debtors are also affiliates of entities in insolvency proceedings in Spain. As noted in a previous blog post, a foreign representative is seeking recognition of those proceedings under Chapter 15 of the Bankruptcy Code.
The debtors have filed a declaration in support of their request for first-day relief. Additional documents on the newly-filed cases is available from the Court’s website.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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