Eclipse Aviation officials have given up on attempting to resurrect the bankrupt firm by means of Chapter 11 reorganization and instead filed a motion to proceed directly to Chapter 7 liquidation of all assets. The actions follows Eclipse Aviation’s failure to obtain additional bridge financing to continue operations until Luxembourg-based ETIRC’s EclipseJet Aviation International could [...]
G.I. Joe’s Holding Corporation, its Official Committee of Unsecured Creditors, and its Prepetition (pre-bankruptcy) Term Loan B Secured Creditors have filed a joint response and objection to the United States Trustee’s request to convert G.I. Joe’s chapter 11 cases to chapter 7 liquidations (for details on the U.S. Trustee’s motion, please see an earlier post [...]
G.I. Joe’s Holding Corporation, its Official Committee of Unsecured Creditors, and its Prepetition (pre-bankruptcy) Term Loan B Secured Creditors have filed a joint response and objection to the United States Trustee’s request to convert G.I. Joe’s chapter 11 cases to chapter 7 liquidations (for details on the U.S. Trustee’s motion, please see an earlier post [...]