New Delaware Chapter 11 Filing – Affiliates of Variant Holding Company, LLC
Thirty-four affiliates of Variant Holding Company, LLC (“Variant”) have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware. The debtors will seek to have their cases jointly administered with that of Variant under lead case number 14-12021 (BLS). A declaration filed by Variant early in its chapter 11 proceeding is provided for background information. The petition for Laser Focus Holding Company, LLC (Case No. 16-10068), which contains a consolidated list of the top 20 creditors against the debtors designated as the “H14 Debtors”, is also provided. The petition for Toscana Villas Apartments, LLC (Case No. 16-10101) is also provided, which contains a consolidated list of the top 20 creditors against the debtors designated as the “FX3 Debtors”. It appears from the resolutions attached to the petitions that the debtors will seek to sell their assets pursuant to section 363 of the Bankruptcy Code. The claims agent is UpShot Services.
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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