VERTIS, INC. Bankruptcy Filing
Case Number: 10-16171
VERTIS, INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on November 17, 2010. This is a voluntary filing; it was assigned the bankruptcy case number #10-16171.
VERTIS, INC. Filing Information
The bankruptcy petition for VERTIS, INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. VERTIS, INC. reports that the number of creditors is in the range of 50,001-100,000.
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'.
VERTIS, 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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VERTIS, INC. Docket Header
MEGA, JtAdm, CLMAGT |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 10-16171-alg
Assigned to: Judge Allan L. Gropper Chapter 11 Voluntary Asset |
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| Debtor Vertis, Inc. 250 West Pratt Street Baltimore, MD 21201 OUTSIDE HOME STATE Tax ID / EIN: 13-3768322 |
rep. by |
Mark McDermott
Skadden Arps Slate Meagher & Flom, LLP 4 Times Square New York, NY 10036 (212) 735-2290 Fax : (917) 777-2290 Email: Mark.McDermott @ skadden.com |
| U.S. Trustee United States Trustee 33 Whitehall Street 21st Floor New York, NY 10004 (212) 510-0500 |