New Delaware Chapter 15 Filing – Thane International, Inc.

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Consumer product marketer Thane International, Inc. and six affiliates have filed a chapter 15 petition before the United States Bankruptcy Court for the District of Delaware (Lead Case # 15-12186).  The case has been assigned to Judge Gross.  These chapter 15 filings appear to be in support of a receivership commenced by Bank of Montreal before the Ontario Superior Court of Justice (Commercial List).  The Chapter 15 petition for Thane International, Inc. and the redacted Petition for Recognition of the Canadian proceeding (without exhibits) are linked above.

Contact Norman L. Pernick or Nicholas J. Brannick 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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