HOT AIR, INC. Bankruptcy Filing
Case Number: 24-12021
HOT AIR, INC. filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on September 11, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-12021.
HOT AIR, INC. Filing Information
HOT AIR, INC. filed for Chapter 11 bankruptcy protection on September 11, 2024, with case number 24-12021, under the guidance of Judge Craig T Goldblatt. As a corporation, HOT AIR, INC. is required to seek reorganization or liquidation under the bankruptcy laws of the United States. The company's filing marks an important milestone in its financial restructuring efforts, as it seeks to navigate its financial obligations and emerge from bankruptcy with a more stable financial foundation. With this development, creditors and stakeholders can now expect a formal reorganization process to unfold, involving negotiations over debt repayment terms and other key issues. HOT AIR, INC.'s filing of Chapter 11 bankruptcy provides clarity on the status of its financial situation, offering a framework for its future operations and providing assurance that it will work towards a sustainable recovery.
HOT AIR, 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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HOT AIR, INC. Docket Header
VerifDue, PlnDue, DsclsDue |
District of Delaware (Delaware)
Bankruptcy Petition #: 24-12021-CTG
Assigned to: Bankruptcy Judge Craig T Goldblatt Chapter 11 Voluntary Asset |
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| Debtor Hot Air, Inc. 200 E Las Olas Blvd. Suite 1400 Ft Lauderdale, FL 33301 BROWARD-FL Tax ID / EIN: 47-5596389 |
rep. by |
Thomas Joseph Francella, Jr.
Raines Feldman Littrell LLP 1200 North Broom Street Wilmington, DE 19806-4204 302-584-4118 Email: TFrancella @ raineslaw.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 |