HDC HOLDINGS II, LLC Bankruptcy Filing
Filing Information
HDC HOLDINGS II, LLC filed for Chapter 11 bankruptcy protection on October 10, 2024, with case number 24-12307, according to court records. The Delaware-based corporation has chosen this route under Section 11 of the US Bankruptcy Code, which allows companies to restructure their debts and finances in a controlled manner. As part of this process, HDC HOLDINGS II will be subject to the oversight of the United States Bankruptcy Court for the District of Delaware. The company's filing marks an important step forward in its restructuring efforts, aiming to emerge from bankruptcy with a renewed financial footing. With a listed address at 6892 US Hwy 49 North, Hattiesburg, MS, HDC HOLDINGS II is now seeking to navigate this complex process and come out stronger on the other side.
HDC HOLDINGS II, LLC filed for bankruptcy, marking a significant development in the company's financial restructuring efforts. According to court documents, the firm is facing substantial debt obligations, with estimated liabilities ranging from $100 million to $500 million. This financial burden likely stems from its involvement in the construction industry, which can be capital-intensive and subject to various risks. As of the filing, HDC HOLDINGS II, LLC has approximately 200-999 creditors who will be impacted by the bankruptcy proceedings. With assets valued between $100 million and $500 million, the company appears to have a significant amount of recoverable value, but the exact distribution of these assets remains unclear. The filing underscores the challenges faced by construction companies in managing their financial risks and navigating complex capital structures.
HDC HOLDINGS II, LLC indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.
What We Offer
At Bankruptcy Observer, our mission is to save you time and simplify the process of accessing and monitoring bankruptcy cases. Whether you're a legal professional, financial analyst, business owner, competitor, or employee of a bankrupt company, our platform will help you to stay informed and stay organized quickly and efficiently.
|
Advanced Search Capabilities Quickly find specific bankruptcy cases with out highly indexed, relational database. |
|
|
Real-Time Bankruptcy Monitoring Stay updated with daily alerts on bankruptcy docket activity and changes. |
|
|
Document Access and Retrieval Instantly access, download, and store court documents related to any bankruptcy case. |
HDC HOLDINGS II, LLC Bankruptcy Docket Header
VerifDue, PlnDue, DsclsDue |
District of Delaware (Delaware)
Bankruptcy Petition #: 24-12307
Assigned to: Chapter 11 Voluntary Asset |
|
| Debtor HDC Holdings II, LLC 6892 US Hwy 49 North Hattiesburg, MS 39402 FORREST-MS Tax ID / EIN: 20-0262013 aka Channel Control Merchants aka Dirt Cheap aka Treasure Hunt aka Dirt Cheap Building Supplies |
rep. by |
Andrew L Magaziner
Young Conaway Stargatt & Taylor, LLP Rodney Square 1000 North King Street Wilmington, DE 19801 302-571-6600 Email: amagaziner @ ycst.com |
| U.S. Trustee U.S. Trustee Office of the United States Trustee J. Caleb Boggs Federal Building 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 (302)-573-6491 |
rep. by | Rosa Sierra-Fox
Office of the United States Trustee U. S. Department of Justice 844 King Street, Suite 2207 Lockbox #35 Wilmington, DE 19801 302-573-6491 x6492 Fax : 302-573-6497 Email: rosa.sierra @ usdoj.gov |