April 2020

Chapter 11 Trustee Completes Liquidation Procedures

United States - Colorado

The Chapter 11 trustee of a failed company that manufactured and distributed professional-grade outdoor equipment such as log splitters, ice augers, snow blowers and generators under various trademarks, completed liquidation procedures in the debtor’s bankruptcy. Faegre Drinker represented the trustee in the proceedings, which involved assisting the trustee with terminating the debtor’s business operations, arranging the sale of the debtor’s inventory in several states through private sales and auction, assisting the trustee with the investigation and settlement of approximately $70 million in litigation claims with the debtor’s Chinese vendors and trade creditors pending in bankruptcy court and international arbitration proceedings, and assisting the trustee with the review and settlement of numerous disputes among case professionals regarding applications for compensation.  

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