NEA DELAWARE, INC. Bankruptcy Filing

Case Number: 07-10790

NEA DELAWARE, INC. filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on June 11, 2007. This is a voluntary filing; it was assigned the bankruptcy case number #07-10790.

NEA DELAWARE, INC. Filing Information

The bankruptcy petition for NEA DELAWARE, INC. showed assets in the range of $100MM - $500MM with liabilities in the range of $100MM - $500MM. NEA DELAWARE, INC. reports that the number of creditors is in the range of 25,001- 50,000.

The debtor indicated their nature of business as Retail/Wholesale. 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'.

NEA DELAWARE, 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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NEA DELAWARE, INC. Docket Header

JNTADMN




U.S. Bankruptcy Court
District of Delaware (Delaware)
Bankruptcy Petition #: 07-10790-PJW

Assigned to: Peter J. Walsh
Chapter 11
Voluntary
Asset


Date filed:  06/11/2007

Debtor
NEA Delaware, Inc.
40 Pequot Way
Canton, MA 02021
Tax ID / EIN: 02-0492559

rep. by Gregg M. Galardi
Skadden, Arps, Slate, Meagher
One Rodney Square
Wilmington, DE 19899
302 651-3000
Fax : 302-651-3001
Email:
ggalardi @ skadden.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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