SATURN DISTRIBUTION CORPORATION Bankruptcy Filing
Case Number: 09-50028
SATURN DISTRIBUTION CORPORATION filed a 11 chapter bankruptcy in the bankruptcy court on June 01, 2009. This is a voluntary filing; it was assigned the bankruptcy case number #09-50028.
SATURN DISTRIBUTION CORPORATION Filing Information
The bankruptcy petition for SATURN DISTRIBUTION CORPORATION showed assets in the range of more than $1B with liabilities in the range of more than $1B. SATURN DISTRIBUTION CORPORATION reports that the number of creditors is in the range of more than 100,000.
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'.
SATURN DISTRIBUTION CORPORATION 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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SATURN DISTRIBUTION CORPORATION Docket Header
FeeDueBK, MEGA, JtAdm, CLMAGT |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 09-50028-reg
Assigned to: Judge Robert E. Gerber Chapter 11 Voluntary Asset |
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| Debtor MLCS Distribution Corporation 300 Renaissance Center Detriot, MI 48265-3000 Tax ID / EIN: 38-2755764 fdba Saturn Distribution Corporation |
rep. by |
Stephen Karotkin
Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, NY 10153 (212) 310-8350 Fax : (212) 310-8007 Email: stephen.karotkin @ weil.com |
| U.S. Trustee United States Trustee 33 Whitehall Street 21st Floor New York, NY 10004 (212) 510-0500 |
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