New Delaware Bankruptcy Filing Update:
Boomerang Systems, Inc. Et Al.
Boomerang Systems, Inc. (BMER, OTCBB), a developer of automated parking systems, and three
of its affiliates have filed chapter 11 petitions in Delaware. (Note: This filing does not appear to
be related to Boomerang Tube). The docket and other information about the case is available
through Garden City Group at http://www.gardencitygroup.com/cases-info/BMR/
The petition and first day declaration are attached here.
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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