Ronald Page, PLC

US Trustee Seeks to Convert Bankruptcy of LeClairRyan to Chapter 7

LogoOn September 12, 2019, the Office of the U.S. Trustee (the "UST") filed its motion to convert the chapter 11 bankruptcy of LeClairRyan PLLC ("LeClairRyan") to chapter 7. This motion is set for hearing on September 26, 2019 at 2 p.m. in the courtroom of Judge Kevin Huennekens. The UST argues that LeClairRyan continuing as a liquidating chapter 11 bankruptcy is going to increase the burden of fees that will ultimately reduce the recovery to unsecured creditors.

Law Firm of LeClairRyan to Liquidate in Bankruptcy

LogoLeClairRyan PLLC ("LeClairRyan") is seeking to liquidate under chapter 11 of the bankruptcy code as the struggling law firm ceased operations in August 2019. LeClairRyan has struggled following an exodus of partners in recent years. Ronald Page appeared at the hearings on LeClairRyan's first day motions noted below.

Gymboree Seeks to Liquidate in Second Bankruptcy Filing in Two Years

LogoThe Gymboree Group ("Gymboree") is seeking to liquidate under chapter 11 of the bankruptcy code as the retailer filed bankruptcy for the second time in two years. Gymboree, except for its Janie and Jack business, has failed to recover following its emergence from bankruptcy in 2017.

Toys "R" Us Has First Day in Bankruptcy Court

LogoToys "R" Us, Inc. ("Toys R Us") filed for protection under chapter 11 of the Bankruptcy Code in Richmond, Virginia on September 18, 2017 as the toy retailer struggled to reorganize its debt in the face of mounting pressure from online retailers. Hearings on the Toys R Us first day motions were held on September 19, 2017 at 11:00 a.m. in the courtroom of Judge Keith Phillips located in the U.S. Bankruptcy Court, 701 E. Broad St., Room 5100, Richmond, VA 23219.

Toys "R" Us Seeks Bankruptcy Protection

LogoToys "R" Us, Inc. ("Toys R Us") filed for protection under chapter 11 of the Bankruptcy Code in Richmond, Virginia as the toy retailer struggled to reorganize its debt.

Gymboree Sets Deadline to File Proofs of Claim

LogoThe Gymboree Corporation ("Gymboree") filed a motion to set deadlines for the filing of proofs of claim in its bankruptcy cases. Gymboree requests that the Bankruptcy Court establish August 4, 2017, at 5:00 p.m.,prevailing Eastern Time, as the last date and time for each entity (including individuals, partnerships, corporations, joint ventures, and trusts) to file proofs of claim based on pre-petition claims, including requests for payment under section 503(b)(9) of the Bankruptcy Code. Further, Gymboree requests that the Bankruptcy Court establish December 8, 2017, at 5:00 p.m., prevailing Eastern Time, as the last date and time for any governmental unit to file Proofs of Claim against Gymboree. The hearing on the motion to set deadlines for the filing of proofs of claim is set for July 11, 2017 at 1 p.m.

Gymboree Files Chapter 11 Plan

LogoOn June 11, 2017, the Gymboree Corporation ("Gymboree") filed for protection under chapter 11 of the Bankruptcy Code as the retailer struggled to reorganize its debt. Gymboree 's bankruptcy petition indicated that it has 1,000 to 5,000 creditors, assets estimated at $756 million, and liabilities estimated at $1.36 billion. On June 16, 2017, Gymboree filed its Joint Chapter 11 Plan of Reorganization and its Disclosure Statement, less than one week after filing for bankruptcy protection. The Plan proposes no distribution to unsecured creditors.

Gymboree Files for Bankruptcy Protection

LogoThe Gymboree Corporation ("Gymboree") filed for protection under chapter 11 of the Bankruptcy Code as the retailer struggled to reorganize its debt. Gymboree 's bankruptcy petition indicated that it has 1,000 to 5,000 creditors, assets estimated at $756 million, and liabilities estimated at $1.36 billion.

HDL Brings Actions to Recover Transfers

LogoHealth Diagnostic Laboratory, Inc.'s liquidating trustee ("HDL") has brought actions in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, Case No. 15-32919-KRH, against HDL's vendors, suppliers, and other partners, including a number of charities, to recover transfers.

Health Diagnostic Laboratory Begins 2nd Round of Preference Litigation

LogoHealth Diagnostic Laboratory, Inc.'s liquidating trustee ("HDL") has brought avoidance actions against HDL's vendors, suppliers, and other partners to recover payments made in the 90 days before it filed bankruptcy on June 7, 2015. This is common practice in a large liquidating bankruptcy case, as creditors and vendors are often sued by debtors to avoid "preferential payments".