GBG USA INC. Bankruptcy Filing
Case Number: 21-11369
GBG USA INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on July 29, 2021. This is a voluntary filing; it was assigned the bankruptcy case number #21-11369.
GBG USA INC. Filing Information
The bankruptcy petition for GBG USA INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. GBG USA INC. reports that the number of creditors is in the range of 1,000-5,000.
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'.
GBG USA 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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GBG USA INC. Docket Header
MEGA, Lead, CLMAGT, FeeDueAP, PENAP |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 21-11369-mew
Assigned to: Judge Michael E. Wiles Chapter 11 Voluntary Asset |
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| Debtor GBG USA Inc., et al. P.O. Box 4965 Greensboro, NC 27404 GUILFORD-NC Tax ID / EIN: 94-3032467 |
rep. by |
Alan J. Brody
Greenberg Traurig, P.A 500 Campus Drive Florham Park, NJ 07932 973-443-3543 Fax : 973-301-8410 Email: brodya @ gtlaw.com Andrew S. Mordkoff Fried, Frank, Harris, Shriver & Jacobson LLP One New York Plaza New York, NY 10004 212-859-8928 Fax : 212-859-4000 Email: andrew.mordkoff @ friedfrank.com Gordon Z. Novod Grant & Eisenhofer PA 485 Lexington Avenue 29th Floor New York, NY 10017 646-722-8500 Email: gnovod @ gelaw.com Shaya Rochester Katten Muchin Rosenman LLP 50 Rockefeller Plaza New York, NY 10020 212-940-8529 Email: shaya.rochester @ katten.com Rachel C. Strickland Fried, Frank, Harris, Shriver & Jacobson LLP One New York Plaza New York, NY 10004 212-859-8947 Fax : 212-859-4000 Email: rachel.strickland @ friedfrank.com |
| Trustee Peter Hurwitz, as Litigation Trustee of GBG USA Inc., et al. |
rep. by |
Kara E. Casteel
ASK LLP 2600 Eagan Woods Drive Suite 400 St. Paul, MN 55121 651.289.3846 Fax : 651.406.9676 Email: kcasteel @ askllp.com Brya M Keilson Morris James LLP 500 Delaware Avenue Suite 1500 Wilmington, DE 19801 302-888-6959 Fax : 302-571-1750 Email: bkeilson @ morrisjames.com Carl N. Kunz, III Morris James LLP 500 Delaware Avenue, Suite 1500 P.O. Box 2306 Wilmington, DE 19899-2306 (302) 888-6811 Fax : (302) 571-1750 Email: ckunz @ morrisjames.com Jason S. Levin Morris James LLP 500 Delaware Avenue Ste 1500 Wilmington, DE 19801 302-888-6888 Fax : 302-571-1750 Email: jlevin @ morrisjames.com Eric J. Monzo Morris James LLP 500 Delaware Avenue Suite 1500 Wilmington, DE 19801 (302) 888-6800 Fax : (302) 571-1750 Email: emonzo @ morrisjames.com Gordon Z. Novod (See above for address) Gary D. Underdahl ASK LLP 2600 Eagan Woods Drive Suite 400 St. Paul, MN 55121 (651) 406-9665 Fax : (651) 406-9676 Email: gunderdahl @ askllp.com |
| U.S. Trustee United States Trustee Office of the United States Trustee - NY Alexander Hamilton Custom House One Bowling Green, Room 534 New York, NY 10004-1408 (212) 510-0500 |
rep. by |
Richard C. Morrissey
DOJ-Ust One Bowling Green Room 534 New York, NY 10004 212-510-0500 Email: richard.morrissey @ usdoj.gov |
| Claims and Noticing Agent Kroll Restructuring Administration LLC Claims Agent (Formerly Prime Clerk LLC) 55 East 52nd Street 17th Floor www.kroll.com New York, NY 10055 (212) 257-5450 |
rep. by |
Adam M. Adler
Kroll Restructuring Administration LLC (F/K/A Prime Clerk LLC) 1 World Trade Center 31st Floor New York, NY 10007 212-257-5465 Email: aadler @ primeclerk.com |
| Claims and Noticing Agent Kroll Restructuring Administration LLC Claims Agent (Formerly Prime Clerk LLC) 55 East 52nd Street 17th Floor www.kroll.com New York, NY 10055 (212) 257-5450 |
rep. by |
Adam M. Adler
(See above for address) |
| Claims and Noticing Agent Kroll Restructuring Administration LLC (f/k/a Prime Clerk LLC) 55 East 52nd Street 17th Floor New York, NY 10055 212-257-5450 |
rep. by |
Adam M. Adler
(See above for address) |
| Creditor Committee Official Committee Of Unsecured Creditors |
rep. by | Samantha Martin
Paul Hastings LLP 220 Park Avenue New York, NY 10166 212-318-6000 Email: samanthamartin @ paulhastings.com Frank A. Merola Paul Hastings LLP 1999 Avenue of the Stars, 27th Floor Century City, CA 90067 310-620-5899 Email: frankmerola @ paulhastings.com Kenneth Pasquale Paul Hastings LLP 200 Park Avenue New York, NY 10166 212-318-6000 Email: kenpasquale @ paulhastings.com Gabriel Sasson Paul Hastings LLP 220 Park Avenue New York, NY 10166 212-318-6000 Email: gabesasson @ paulhastings.com |