DelawareBankruptcyLitigation

Introduction

In August, the Chapter 7 Trustee in the National Wholesale Liquidators ("NWL") bankruptcy filing approximately 90 preference actions.  Just recently,  the Trustee filed over 100 more preference actions in NWL.  In November of 2008, I wrote about the commencement of NWL bankruptcy (read my prior post concerning the NWL bankruptcy <

On October 20, 2010, Emivest Aerospace Corporation ("Emivest") filed a petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Emivest manufactures the SJ30 business jet, which according to the company is "the world's fastest, highest flying and longest range, light business jet."  See Debtors' Declaration in Support of Chapter 11 Petition and First Day Pleadings at p.

On October 12, 2010, Consolidated Horticulture Group, LLC and Hines Nursery LLC (the "Debtors"), filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to the Declaration filed by Debtors' President and CEO, Stephen Thigpen (the "Declaration"),  Debtors are one of the largest commercial nurseries in North America, selling shrubs and container-grown plants to commercial and retail customers.  Decl.

Introduction