BUSINESS EXPRESS AIRLINES, INC. Bankruptcy Filing
Case Number: 11-15474
BUSINESS EXPRESS AIRLINES, INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on November 29, 2011. This is a voluntary filing; it was assigned the bankruptcy case number #11-15474.
BUSINESS EXPRESS AIRLINES, INC. Filing Information
The bankruptcy petition for BUSINESS EXPRESS AIRLINES, INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. BUSINESS EXPRESS AIRLINES, INC. reports that the number of creditors is in the range of more than 100,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
BUSINESS EXPRESS AIRLINES, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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BUSINESS EXPRESS AIRLINES, INC. Docket Header
MEGA, JtAdm, CLMAGT |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 11-15474-shl
Assigned to: Judge Sean H. Lane Chapter 11 Voluntary Asset |
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| Debtor Business Express Airlines, Inc. 4333 Amon Carter Boulevard MD5675 Fort Worth, TX 76155 TARRANT-TX |
rep. by |
Stephen Karotkin
Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 (212) 310-8350 Fax : (212) 310-8007 Email: stephen.karotkin @ weil.com |
| U.S. Trustee United States Trustee Office of the United States Trustee U.S. Federal Office Building 201 Varick Street, Room 1006 New York, NY 10004 (212) 510-0500 |
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| Claims and Noticing Agent GCG, Inc. Claims Agent a/k/a The Garden City Group, Inc. Attn: Jeffrey S. Stein Attn: Angela Ferrante 1985 Marcus Ave Lake Success, NY 11042 631-470-5000 |