New Delaware Chapter 11 Filing – RCS Capital Corporation

Cole Schotz
Contact

RCS Capital Corporation (OTC: RCAP), a full-service investment firm focused on individual retail investors, and eleven affiliated debtors have filed a chapter 11 petition before the United States Bankruptcy Court for the District of Delaware (lead case no. 16-10223).  The cases have been assigned to the Honorable Mary F. Walrath.  The debtors have filed a pre-packaged plan of reorganization and are seeking authority to assume a restructuring support agreement and to treat the plan as their disclosure statement.  They are also seeking approval of $100 million in debtor-in-possession financing.  The petitions (including the consolidated list of top 30 creditors) and the dockets for the cases are available through Prime Clerk.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cole Schotz | Attorney Advertising

Written by:

Cole Schotz
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Cole Schotz on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide