SPIEGEL ACCEPTANCE CORPORATION Bankruptcy Filing
Case Number: 09-12108
SPIEGEL ACCEPTANCE CORPORATION filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on June 17, 2009. This is a voluntary filing; it was assigned the bankruptcy case number #09-12108.
SPIEGEL ACCEPTANCE CORPORATION Filing Information
The bankruptcy petition for SPIEGEL ACCEPTANCE CORPORATION showed assets in the range of $100MM - $500MM with liabilities in the range of $100MM - $500MM. SPIEGEL ACCEPTANCE CORPORATION reports that the number of creditors is in the range of 25,001- 50,000.
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'.
SPIEGEL ACCEPTANCE 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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SPIEGEL ACCEPTANCE CORPORATION Docket Header
JNTADMN |
District of Delaware (Delaware)
Bankruptcy Petition #: 09-12108-MFW
Assigned to: Mary F. Walrath Chapter 11 Voluntary Asset |
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| Debtor Sonoran Acceptance Corporation 10401 N.E. 8th Street, Suite 500 Bellevue, WA 98004 Tax ID / EIN: 36-2587253 |
rep. by |
Michael R. Nestor
Young Conaway Stargatt & Taylor The Brandywine Bldg. 1000 West Street, 17th Floor PO Box 391 Wilmington, DE 19899 usa 302-571-6600 Fax : 302-571-1253 Email: bankfilings @ ycst.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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