New Delaware Chapter 11 Filing – Calrissian LP
On February 15, 2017, Calrissian LP, a Burlingame, CA-based entity, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-10356). Calrissian is the parent holding company of Our Alchemy LLC (Case No. 16-11596) and Anderson Digital LLC (Case No. 16-11597), which filed petitions for relief under Chapter 7 in the Bankruptcy Court for the District of Delaware on July 1, 2016. Those cases are being jointly administered before the Honorable Kevin Gross. According to Calrissian’s Schedules, Calrissian’s only tangible property is a deposit account containing $1,432.90, while Calrissian has $46 million in secured debt and $6,143,200.09 in nonpriority unsecured debt. According to Calrissian’s Statements of Financial Affairs, Virgo Services Company, LLC, which owns 59.59% of the equity of Calrissian, is its controlling shareholder. Calrissian’s creditor matrix identifies only thirteen creditors. The case has been assigned to the Honorable Kevin Gross.
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.
Join Our Mailing List
Stay up to date with the latest insights, events, and more