New Delaware Chapter 11 Filings – Phoenix Brands, LLC et al.

Phoenix Brands, LLC and three affiliates have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11242).  The cases have been assigned to the Honorable Brendan L. Shannon.  The debtors source, manufacture and distribute laundry and fabric care products, primarily in North America and are based in Stamford, Connecticut.  The debtors have filed a motion to sell substantially all of their assets through sales to separate bidders.  The petitions (including the consolidated list of top 20 creditors), first day declaration and docket are available through Omni Management.

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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