MAGNA ENTERTAINMENT CORP. Bankruptcy Filing

Filing Information

MAGNA ENTERTAINMENT CORP. filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on March 05, 2009. This is a voluntary filing; it was assigned the bankruptcy case number #09-10720.

MAGNA ENTERTAINMENT CORP. Bankruptcy Information

The bankruptcy petition for MAGNA ENTERTAINMENT CORP. showed assets in the range of more than $1B with liabilities in the range of $500MM - $1B. MAGNA ENTERTAINMENT CORP. reports that the number of creditors is in the range of 10,001-25,000.

The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

MAGNA ENTERTAINMENT CORP. 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.

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.

Search for another bankruptcy case

Access This Case for Only $14.99/month*

Basic Information

Credit or debit card

* Subscription fee does not include the cost of documents which may be purchased separately.

MAGNA ENTERTAINMENT CORP. Bankruptcy Docket Header

Exhibits, MEGA, LEAD, CLMSAGNT, APPEAL, CONFIRMED

U.S. Bankruptcy Court
District of Delaware (Delaware)
Bankruptcy Petition #: 09-10720-MFW

Assigned to: Mary F. Walrath
Chapter 11
Voluntary
Asset

Show Associated Cases

Date filed:

??03/05/2009

Debtor Magna Entertainment Corp. 1209 Orange Street Wilmington, DE 19801 Tax ID / EIN: 98-0208374	rep. by	Arielle G. Lenza Weil Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 Cory D. Kandestin Richards, Layton & Finger, P.A. 920 North King Street Wilmington, DE 19801 302-651-7700 Fax : 302-651-7701 Email: kandestin @ rlf.com Drew G. Sloan Richards Layton & Finger, P.A. 920 North King Street Wilmington, DE 19801 302-651-7612 Fax : 302-651-7701 Email: dsloan @ rlf.com L. Katherine Good Richards, Layton & Finger, P.A. 920 North King Street Wilmington, DE 19801 302-651-7700 Fax : 302-651-7701 Email: good @ rlf.com L. Katherine Good Richards, Layton & Finger, P.A. 920 North King Street Wilmington, DE 19801 302-651-7700 Fax : 302-651-7701 Email: good @ rlf.com Maris J. Finnegan Young Conaway Stargatt & Taylor, LLP The Brandywine Bldg. 1000 N. West Street, 17th Fl. Wilmington, DE 19801 302-571-6600 Email: bankfilings @ ycst.com Mark D. Collins Richards Layton & Finger One Rodney Square PO Box 551 Wilmington, DE 19899 302 651-7700 Fax : 302-651-7701 Email: collins @ RLF.com Tyler D. Semmelman Richards, Layton & Finger, P.A. 920 N. King Street Wilmington, DE 19801 302-651-7523 Fax : 302-498-7523 Email: semmelman @ rlf.com Tyler D. Semmelman Richards, Layton & Finger, P.A. 920 N. King Street Wilmington, DE 19801 302-651-7523 Fax : 302-498-7523 Email: semmelman @ rlf.com
U.S. Trustee United States Trustee 844 King Street, Room 2207 Lockbox #35 Wilmington, DE 19899-0035 302-573-6491	?	?
Creditor Committee The Official Committee of Unsecured Creditors	rep. by	James E. ONeill Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705 302-652-4100 Fax : 302-652-4400 Email: joneill @ pszjlaw.com Mark M. Billion Pachulski Stang Ziehl & Jones LLP 919 N. Market Street 17th Floor Wilmington, DE 19702 302-652-4100 Fax : 302-652-4400 Email: mbillion @ pszjlaw.com

What is the BankruptcyObserver.com Database?

All bankruptcy reporting services in the United States are based on data initially published on PACER. BankruptcyObserver actively monitors all 95 US bankruptcy courts for newly filed bankruptcy cases and newly added bankruptcy docket entries, adding new bankruptcy data hourly. BankruptcyObserver's database of bankruptcy information includes all bankruptcies filed since 2005 (and many cases from before this date) which amounts to millions of bankruptcy cases and hundreds of millions of bankruptcy docket entries.

Anyone who has tried accessing bankruptcy data using PACER will attest to the fact that the service is not easy to use. There are nearly one hundred separate servers that might hold the data that you need and the forms you can use to query the data are very limiting. BankruptcyObserver makes the process of finding and monitoring bankruptcy cases easy. We have one database and we make the data easily accessible through an easy-to-use online interface. We also keep the data up to date, updating the bankruptcy cases every night and alerting subscribers to any changes every weekday (including holidays).

BankruptcyObserver.com offers the option of subscribing to monitor a single bankruptcy case or subscribing to access the entire bankruptcy database. Daily emails are provided updating subscribers on activities in any cases that they are monitoring and on new bankruptcy case filings.

All subscriptions to this site renew monthly. You can cancel at any time.