Bankruptcy Reorganization Chapter 11

Chapter 11 Notification

  • Delivers a list of chapter 11 bankruptcy filings daily, weekly, or monthly by email.
  • Subscribe to a customized Excel list, reported by jurisdiction, assets, or industry, or a full list of chapter 11 reorganization filings.
  • A filing list at your fingertips! For more information and a free trial, contact Ken today!
Bankruptcy Reorganization Chapter 11

Enter your email address:

Subscribe via feedreader


Nationwide Research Company is your source for comprehensive public records research, anywhere and anytime. From retrieval of court documents and archived records to on-site searches, we can quickly and accurately acquire the information you need.

« Archwood Housing Limited Partnership Files For Chapter 11 | Main | RG Colling, LLC Files For Chapter 11 »

May 19, 2011

think3 Inc. Files For Chapter 11

Computer software company, think3 Inc., filed for chapter 11 yesterday at the United States Bankruptcy Court for the Western District of Texas.   The Austin, Texas-based Debtor is represented by Haynes and Boone, LLP.  The Debtor was acquired by ESW Capital LLC in September, 2010 in a stock -purchase transaction.

According to Board member affidavit, "the Debtor has been in severe financial distress for some time.  The worldwide economic downturn caused a decline in the industries of the Debtor's target customers, and the Debtor has been operating at a loss for several years".  Moreover, on March 14, 2011, several creditors commenced an insolvency proceeding against the Debtor and its Italian Subsidiary in Bologna, Italy.  The Italian Court appointed a trustee that "has seized control of the Debtor's and the Italian Subsidiary's assets and property". 

The Debtor seeks postpetition financing from Gensym Cayman, L.P.

www.chapter11library.com

Sign up for our case notification service or creditor alert service by contacting Fowler at fstorms@nationwideresearch.com or 415-773-1230.

 

|

Bookmark and Share

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00e00993f99f8833014e88884dac970d

Listed below are links to weblogs that reference think3 Inc. Files For Chapter 11:

Comments