FRASER PAPERS HOLDINGS INC. Bankruptcy Filing
Case Number: 09-12124
FRASER PAPERS HOLDINGS INC. filed a 15 chapter bankruptcy in the District of Delaware bankruptcy court on June 18, 2009. This is a voluntary filing; it was assigned the bankruptcy case number #09-12124.
FRASER PAPERS HOLDINGS INC. Filing Information
The bankruptcy petition for FRASER PAPERS HOLDINGS INC. showed assets in the range of $100MM - $500MM with liabilities in the range of $100MM - $500MM. FRASER PAPERS HOLDINGS INC. reports that the number of creditors is in the range of 1-49.
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'.
FRASER PAPERS HOLDINGS 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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FRASER PAPERS HOLDINGS INC. Docket Header
CLAIMS, JNTADMN |
District of Delaware (Delaware)
Bankruptcy Petition #: 09-12124-KJC
Assigned to: Kevin J. Carey Chapter 15 Voluntary Unknown assets |
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| Debtor Fraser Papers Holdings Inc. 82 Bridge Ave. Madawaska, ME 04756 |
rep. by |
Derek C. Abbott
Morris, Nichols, Arsht & Tunnell 1201 N. Market Street P. O. Box 1347 Wilmington, DE 19899 usa 302 658-9200 Fax : 302-658-3989 Email: dabbott @ mnat.com |
| U.S. Trustee United States Trustee 844 King Street, Room 2207 Lockbox #35 Wilmington, DE 19899-0035 302-573-6491 |
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