SAS AB Bankruptcy Filing
Case Number: 22-10925
SAS AB filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on July 05, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-10925.
SAS AB Filing Information
The bankruptcy petition for SAS AB showed assets in the range of more than $1B with liabilities in the range of more than $1B. SAS AB 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 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'.
SAS AB 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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SAS AB Docket Header
MEGANY, Lead, MEGA, CLMAGT, SealedDoc, SchedF, APPEAL |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 22-10925-mew
Assigned to: Judge Michael E. Wiles Chapter 11 Voluntary Asset |
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| Debtor SAS AB AVD kod: STOUU-T SE-195 87 Stockholm, Sweden OUTSIDE U. S. Stockholm Tax ID / EIN: 00-0000000 aka Loadax Carrier Aktiebolag |
rep. by |
David N Griffiths
Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 212-310-8729 Email: david.griffiths @ weil.com Gary Holtzer Weil Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 (212) 310-8463 Fax : (212) 310-8007 Email: gary.holtzer @ weil.com David A. Rosenzweig Norton Rose Fulbright US LLP 1301 Avenue of the Americas New York, NY 10019 (212) 318-3035 Fax : (212) 318-3400 Email: david.rosenzweig @ nortonrosefulbright.com Lauren Tauro Weil Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 212-310-8025 Email: lauren.tauro @ weil.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 |
Annie Wells
DOJ-Ust Alexander Hamilton Custom House One Bowling Green Suite 511 New York, NY 10004 212-510-0500 Email: annie.wells @ usdoj.gov Greg M. Zipes DOJ-Ust Alexander Hamilton Custom House One Bowling Green Ste 534 New York, NY 10004 212-510-0500 Email: greg.zipes @ usdoj.gov |
| Claims and Noticing Agent Kroll Restructuring Administration LLC Claims Agent (Formerly Prime Clerk LLC) 1 World Trade Center 31st Floor www.kroll.com New York, NY 10007 (212) 257-5450 |
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| Claims and Noticing Agent Kroll Restructuring Administration LLC (f/k/a Prime Clerk LLC) 1 World Trade Center 31st Floor New York, NY 10007 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 |
| Creditor Committee Official Committee of Unsecured Creditors of SAS AB |
rep. by |
Todd M. Goren
Willkie Farr & Gallagher LLP 787 7th Avenue New York, NY 10019 212-728-8000 Fax : 212-728-8111 Email: tgoren @ willkie.com Brett H. Miller Willkie Farr and Gallagher LLP 787 7th Avenue New York, NY 10019-9601 212-728-8000 Fax : 212-728-8111 Email: bmiller @ willkie.com Dennis O'Donnell DLA Piper LLP (US) 1251 Avenue of the Americas New York, NY 10020 212-335-4665 Email: dennis.odonnell @ us.dlapiper.com |
| Creditor Committee The Official Committee of Unsecured Creditors |
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| Creditor Committee DLA Piper (Sandiniavian Counsel for Creditors' Committee) |
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| Creditor Committee DLA Piper (Scandinavian Counsel for Creditors' Committee) |
rep. by | Dennis O'Donnell
(See above for address) |