Examples of Chapter 11 Debtors in a sentence
Two of the Chapter 11 Debtors are Canadian corporations: Celadon Canadian Holdings, Limited (“CCHL”) and Hyndman Transport Limited (“Hyndman”) (jointly, the “Canadian Debtors”).
The revision of this rule will also render the Local Rule consistent with the Clerk’s Guidelines for Individual Chapter 11 Debtors, which indicates that the Case Management Summary and the Payroll and Sales Tax Report are not required of an individual debtor not engaged in business).
Certain of the Chapter 11 Debtors are parties to a Credit Agreement, dated as of October 1, 2010 (as amended, supplemented, amended and restated, or otherwise modified from time to time), between, inter alia, LightSquared LP, as borrower, LightSquared Inc.
The stated purpose of the Chapter 11 Proceedings is to preserve and sell the Taylor business on a going-concern basis and to conduct an orderly wind down and realization process for the other Chapter 11 Debtors, including the Canadian Debtors.
On the Petition Date, the Chapter 11 Debtors filed various motions for interim and/or final orders (the “ First Day Motions”) in the Chapter 11 Cases to permit the Chapter 11 Debtors to continue to operate their businesses in the ordinary course.