New Case Filing – Chapter 15 – PT Holdco, Inc.

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PT Holdco, Inc. and four of its affiliates, including Primus Telecommunications Canada, Inc., which resell residential and business telecommunications services, have commenced cases (Lead Case No. 16-10131 (LSS)) under Chapter 15 of the Bankruptcy Code by filing petitions for relief with the U.S. Bankruptcy Court for the District of Delaware.  The debtors’ foreign representative is FTI Consulting Canada, Inc., and the Honorable Laurie Selber Silverstein will preside over the cases.  The debtors are seeking recognition of proceedings in Canada.  PT Holdco, Inc.’s petition, the Verified Petition for Recognition of Foreign Main Proceeding and Related Relief , and the Declaration of Nigel D. Meakin in support of thereof is available from ECF.

Contact Norman L. Pernick, Nicholas J. Brannick, or David W. Giattino for more information.

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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