New Delaware Chapter 11 Filing – Delaware BSA, LLC
On February 18, 2020, Delaware BSA, LLC, along with its affiliate, Boy Scouts of America, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (Lead Case No. 20-10342-LSS). Debtor estimates that the value of its assets is between $0-50,000, and its liabilities are estimated to be between $100-500 million. It is presently expected that funds will be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Laurie Selber Silverstein.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.
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.