New Delaware Chapter 11 Filings – Affiliates of Seaboard Realty, LLC

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On February 4, 2016, nine affiliates of Seaboard Realty, LLC filed petitions seeking voluntary relief under chapter 11 of the Bankruptcy Code before the United States Bankruptcy Court for the District of Delaware.  Seaboard Realty, LLC and 14 of its affiliates previously filed chapter 11 petitions on December 13 and 15, 2015.  In conjunction with the follow-on filings, the debtors have filed a consolidated list of top 30 creditors, an additional first day declaration and various motions for relief, all of which are available through Donlin Recano.  A hearing regarding the debtors’ motions will be held before the Honorable Laurie Selber Silverstein on February 5, 2016 at 10:00 a.m.

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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