Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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Computers/Electronics

December 02, 2013

OCZ Technology Group, Inc. Files Chapter 11


The San Jose, CA-based computer component manufacturer's Petition lists approximatey $34 million in assets and $66 million in debts. 

Click here to purchase the Petition and list of the 30 largest unsecured creditors.

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January 28, 2013

LodgeNet Interactive Corporation Files Prepackaged Chapter 11


  • Debtor Name:  LodgeNet Interactive Corporation
  • Year Filed:  2013
  • Jurisdiction:  United States Bankruptcy Court / Southern District of New York
  • Asset Size:  100,000,001 to 500,000,000
  • Case Number:  13-10238
  • Industry:  Entertainment/Recreation, Lodging, Computers & Electronics

The Sioux Falls, South Dakota-based media services provider and ten affiliates are represented by Weil, Gotshal & Manges LLP.

The Debtors employ approximately 770 employees.  The Debtors attribute the filing to a declining room base and revenues, particularly caused by the mobile devices.

The Petition lists approximately $292 million in assets and $449 million in debts.  DIRECTV is listed as the largest unsecured creditor with an approximate $24.5 million trade claim.  According to Debtors' Affidavit, a group of investors let by Col-L Acquisition, LLC (subsidiary of Colony Capital, LLC) will invest a minimum of $60 million in exchange for all the common stock of the reorganized LodgeNet Interactive.  

According to the Plan of Reorganization, unsecured claims will be paid in full and existing common stock will be cancelled.

 

 

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June 22, 2012

Ritz Camera & Image, L.L.C. Files For Chapter 11


  • Debtor Name:  Ritz Camera & Image, L.L.C.
  • Year Filed:  2012
  • Jurisdiction:  United States Bankruptcy Court / District of Delaware
  • Asset Size:  10,000,000 to 100,000,000
  • Case Number:  12-11868
  • Industry: Retail, Computers & Electronics

The Debtor is based in Beltsville, MD and represented by Cole, Schotz, Meisel, Forman & Leonard, P.A.

The largest creditors are listed as Nikon Inc. ($2.42 million) and Sony Corp of America ($1.48 million)

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March 28, 2012

Bankruptcy Alert: NobleHouse Technologies, Inc. Files For Chapter 11


  • Debtor Name:  NobleHouse Technologies, Inc.
  • Year Filed:  2012
  • Jurisdiction:  United States Bankruptcy Court / Northern District of New York
  • Asset Size:  Less than 10,000,000
  • Case Number:  12-10797
  • Industry:  Software, Computers & Electronics

The Albany, New York-based hardware/software provider lists $8.3 million in liabilities.

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