Takeaways from Tallahassee — Forward March floridapolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridapolitics.com Daily Mail and Mail on Sunday newspapers.
Comcar bankruptcy liquidation plan approved
Sale of remaining assets expected to bring in $23.4 million
0 796 2 minutes read TFI International acquired most of the assets of MCT Transport in the Comcar bankruptcy. (Photo: Jim Allen/FreightWaves)
A federal judge approved plans to liquidate what little assets remain of bankrupt trucking company Comcar Industries: ostensibly real estate.
The Chapter 11 liquidation plan received approval on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. The remaining assets will be sold through two trusts, with an expected recovery of $23.4 million, according to court filings.
About $15 million will be available to creditors, according to liquidation analysis filed in the court in January. Most will be distributed to secured creditors, with $3.1 million left for unsecured creditors with about $78.6 million in claims.
DSI Named One of the Nation s Top Turnaround Management Firms in 2020 albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Development Specialists, Inc.: DSI Named One of the Nation s Top Turnaround Management Firms in 2020
Outstanding Turnaround Firm for 2020.
Turnarounds & Workouts cited DSI and a dozen of its senior financial professionals for exceptional work restructuring and managing 17 severely distressed companies throughout the United States. We are honored to be included on this annual list especially in a year like the one we are having that has presented many unique challenges to businesses, said Bradley D. Sharp, CEO of Development Specialists, Inc. It is always nice to be publicly recognized for doing quality work and getting the best results possible for your clients.