VELO HOLDINGS INC. Bankruptcy Filing
Case Number: 12-11384
VELO HOLDINGS INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on April 02, 2012. This is a voluntary filing; it was assigned the bankruptcy case number #12-11384.
VELO HOLDINGS INC. Filing Information
The bankruptcy petition for VELO HOLDINGS INC. showed assets in the range of $100MM - $500MM with liabilities in the range of $500MM - $1B. VELO HOLDINGS INC. reports that the number of creditors is in the range of 1,000-5,000.
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'.
VELO HOLDINGS 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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VELO HOLDINGS INC. Docket Header
MEGA, Lead, FeeDueAP, PENAP, CLMAGT, CLOSED |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 12-11384-mg
Assigned to: Judge Martin Glenn Chapter 11 Voluntary Asset Debtor disposition: Discharge Not Applicable |
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| Debtor Velo Holdings Inc. Darien Green 320 Boston Post Road Darien, CT 06820 FAIRFIELD-CT Tax ID / EIN: 26-0543155 |
rep. by |
Stephen Broome
Quinn Emanuel LLP 51 Madison Avenue Fl. 22 New York, NY 10010-1603 (212) 849-7000 Email: stephenbroome @ quinnemanuel.com Davin J. Hall New York City Law Department 100 Church Street New York, NY 10007 212-356-2115 Email: dhall @ law.nyc.gov Susheel Kirpalani Quinn Emanuel Urquhart & Sullivan LLP 51 Madison Avenue 22nd Floor New York, NY 10010 (212) 849-7000 Fax : 212 849-7100 Email: susheelkirpalani @ quinnemanuel.com Michael J. Sage Dechert LLP 1095 Avenue of the Americas New York, NY 11036 212.698.3500 Fax : 212.698.3599 Email: michael.sage @ dechert.com James Tecce Quinn Emanuel Urquhart & Sullivan, LLP 51 Madison Avenue 22nd Floor New York, NY 10010 212-849-7199 Fax : 212-849-7100 Email: jamestecce @ quinnemanuel.com Shmuel Vasser Dechert LLP 1095 Avenue of the Americas New York, NY 10036-6797 (212) 698-3500 Fax : (212) 698-3599 Email: shmuel.vasser @ dechert.com |
| U.S. Trustee United States Trustee Office of the United States Trustee U.S. Federal Office Building 201 Varick Street, Room 1006 New York, NY 10014 (212) 510-0500 |
rep. by |
Paul Kenan Schwartzberg
Office of the United States Trustee 33 Whitehall Street 21st Floor New York, NY 10004 (212) 510-0500 Fax : (212) 668-2255 |
| Claims and Noticing Agent Epiq Bankruptcy Solutions, LLC 777 Third Avenue, 12th Floor www.epiqsystems.com New York, NY 10017 646-282-2500 |
rep. by |
Ron Jacobs
Email: rjacobs @ bsillc.com |
| Creditor Committee Official Committee Of Unsecured Creditors c/o Cooley LLP 1114 Avenue of the Americas New York, NY 10036 212-479-6000 |
rep. by | Jeffrey L. Cohen
Cooley LLP 1114 Avenue of the Americas New York, NY 10036 (212) 479-6218 Fax : (212) 479-6275 Email: jcohen @ cooley.com |