Monday, April 18, 2011

31 Units Seek Chap. 11 Protection to Restructure Debt

FAIRLESS HILLS, Pa. -- Thirty-one affiliates of Station Casinos Inc. delivered their petitions for protection under Chapter 11 of the Bankruptcy Code to reorganize their debts and consummate the sale of the Green Valley Ranch Resort, Spa & Casino to a group of buyers led by the Fertitta family.  The New Debtors also delivered a prepackaged Chapter 11 plan of reorganization.

More news on the Station Casinos case, including the list of professionals hired by the New Debtors and the list of the New Debtors' largest unsecured creditors, are available in STATION CASINOS Bankruptcy News, Issue No. 40 published by Bankruptcy Creditors' Service, Inc.

The 16-page newsletter contains stories with these headlines:

[00436] STATION UNITS SEEK CH. 11 PROTECTION TO REORGANIZE DEBTS
[00437] APRIL 12 DEBTORS' CHAPTER 11 DATABASE
[00438] APRIL 12 DEBTORS' 40 LARGEST UNSECURED CREDITORS
[00439] APRIL 12 DEBTORS' MOTION TO JOINTLY ADMINISTER CASES
[00440] DEBTORS' MOTION TO ACQUIRE GREEN VALLEY RANCH
[00441] BANKRUPTCY APPEAL -- U.S. Gov't re Determination Motion
[00442] RETAINED PROFESSIONALS FILE MONTHLY FEE STATEMENTS


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=STATION|CASINOS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=STATION|CASINOS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

STATION CASINOS BANKRUPTCY NEWS tracks the restructuring of Station Casinos Inc.

How to Subscribe to STATION CASINOS BANKRUPTCY NEWS

STATION CASINOS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving STATION CASINOS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=STATION|CASINOS">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=STATION|CASINOS</a>

Company: Bankruptcy Creditors' Service, Inc. 
Contact: Peter A. Chapman 
Phone: (215) 945-7000 
Email: peter[@]bankrupt.com

No comments:

Post a Comment