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December 11, 2009

United States Trustee Files Motion to Convert BlueHippo Funding, LLC to Chapter 7

Debtor Name: BlueHippo Funding, LLC

Year Filed: 2009

Jurisdiction: United States Bankruptcy Court / District of Delaware

Asset Size: 10,000,000 to 100,000,000

Case Number: 09-14154

Industry: Financial Services

Yesterday, the Acting United States Trustee filed a motion with the United States Bankruptcy Court to convert BlueHippo Funding LLC's case to a chapter 7. According to the Trustee: "Without the funding necessary to continue operation of the Debtors' businesses, there is no reasonable likelihood of rehabilitation". The Trustee continues "on information and belief, the Debtors have ceased or dramatically wound down business operations".

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