Case Background

On January 31, 2016, RCS Capital Corporation and eleven affiliated debtors (collectively, the "RCS Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The cases are pending before the Honorable Mary F. Walrath, and are jointly administered under Case No. 16-10223.

On March 26, 2016, nineteen additional debtors (collectively, the “Cetera Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

On September 30, 2016, a final decree was signed closing the cases of the Cetera Debtors.  The cases of the RCS Debtors remain open pending further order.

 

Important Information & Dates

Hearing on First Day Motions of the Cetera Debtors

A hearing on the Cetera Debtors' First Day Motions was held on March 29, 2016 at 3:00 p.m. (ET) before the Honorable Mary F. Walrath, United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 5th Floor, Courtroom No. 4, Wilmington, Delaware 19801.

Please click below to view and download the Cetera Debtors' First Day Motions and Orders:

Cetera Debtors First Day Motions

Cetera Debtors First Day Orders

Hearing on First Day Motions of the RCS Debtors

A hearing on the RCS Debtors' First Day Motions was held on February 2, 2016 at 12:30 p.m. (ET) before the Honorable Mary F. Walrath, United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 5th Floor, Courtroom No. 4, Wilmington, Delaware 19801.

A final hearing on certain of the RCS Debtors' First Day Motions was held on February 24, 2016 at 11:30 a.m. (ET).

Please click below to view and download the RCS Debtors' First Day Motions and Orders:

RCS Debtors First Day Motions

RCS Debtors First Day Orders

Deadline to File Claims against RCS Debtors

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the RCS Debtors:

General Bar Date (all creditors other than Governmental Units): March 31, 2016 at 5:00 p.m. (ET)

Governmental Unit Bar Date: July 29, 2016 at 5:00 p.m. (ET)

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the RCS Debtors.

Dates

February
23

Omnibus Hearing

10:30 a.m. (ET)
March
23

Omnibus Hearing

10:30 a.m. (ET)
January
31
______________

Petition Date for RCS Debtors

March
26
______________

Petition Date for Cetera Debtors

April
20
9:30 a.m. (ET)

Cancelled: Final Hearing on Certain First Day Motions for Cetera Debtors

Parties

Debtors' Counsel

Dechert LLP

1095 Avenue of the Americas
New York, NY   10036
https://www.dechert.com/
Phone: 212.698.3500
Fax: 212.698.3599
Michael J. Sage
Shmuel Vasser
Stephen M. Wolpert
Andrew C. Harmeyer

Young Conaway Stargatt & Taylor, LLP

1000 N. King Street
Rodney Square
Wilmington, DE   19801
http://www.youngconaway.com/
Phone: 302.571.6600
Fax: 302.571.1253
Robert S. Brady
Edmon L. Morton
Robert F. Poppiti, Jr.
Ian J. Bambrick

United States Trustee and Court Information

Office of the United States Trustee

844 King St
Suite 2207
Wilmington, DE   19801
http://www.justice.gov/ust/r03/wilmington/index.htm
Phone: 302.573.6491
Fax: 302.573.6497
Linda J. Casey

United States Bankruptcy Court

District of Delaware
824 Market Street North
3rd Floor
Wilmington, DE   19801
http://www.deb.uscourts.gov
Phone: 302.252.2900

Official Committee of Unsecured Creditors

Gibson, Dunn & Crutcher LLP

200 Park Avenue
New York, NY   10166
http://www.gibsondunn.com/
Phone: 212.351.4000
Fax: 212.351.4035
David M. Feldman
Matthew K. Kelsey

Gibson, Dunn & Crutcher LLP

333 South Grand Avenue
Los Angeles, CA   90071
http://www.gibsondunn.com/
Phone: 213.229.7000
Fax: 213.229.7520
Daniel B. Denny

Klehr Harrison Harvey Branzburg LLP

919 N. Market St.
Suite 1000
Wilmington, DE   19801
http://www.klehr.com/
Phone: 302.426.1189
Fax: 302.426.9293
Richard M. Beck
Domenic E. Pacitti
Sally E. Veghte

Debtors

Case Number
Debtor Name
Petition Date
16-10223 RCS Capital Corporation January 31, 2016
16-10224 American National Stock Transfer, LLC January 31, 2016
16-10225 Braves Acquisition, LLC January 31, 2016
16-10730 Cetera Advisor Networks Insurance Services, LLC March 26, 2016
16-10731 Cetera Advisors Insurance Services, Inc. March 26, 2016
16-10732 Cetera Financial Group, Inc. March 26, 2016
16-10733 Cetera Financial Holdings, Inc. March 26, 2016
16-10734 Cetera Financial Specialists Services LLC March 26, 2016
16-10735 Cetera Insurance Agency LLC March 26, 2016
16-10736 Chargers Acquisition, LLC March 26, 2016
16-10226 DirectVest, LLC January 31, 2016
16-10737 FAS Holdings, Inc. March 26, 2016
16-10738 First Allied Holdings Inc. March 26, 2016
16-10739 ICC Insurance Agency, Inc. March 26, 2016
16-10740 Investors Capital Holdings, LLC March 26, 2016
16-10227 J.P. Turner & Company Capital Management, LLC January 31, 2016
16-10741 Legend Group Holdings, LLC March 26, 2016
16-10228 RCS Advisory Services, LLC January 31, 2016
16-10229 RCS Capital Holdings, LLC January 31, 2016
16-10230 Realty Capital Securities, LLC January 31, 2016
16-10742 SBS Financial Advisors, Inc. March 26, 2016
16-10743 SBS Insurance Agency of Florida, Inc. March 26, 2016
16-10744 SBS of California Insurance Agency, Inc. March 26, 2016
16-10231 SBSI Insurance Agency of Texas, Inc. January 31, 2016
16-10232 SK Research, LLC January 31, 2016
16-10745 Summit Capital Group, Inc. March 26, 2016
16-10746 Summit Financial Services Group, Inc. March 26, 2016
16-10747 Summit Holding Group, Inc. March 26, 2016
16-10233 Trupoly, LLC January 31, 2016
16-10748 VSR Group, LLC March 26, 2016
16-10234 We R Crowdfunding, LLC January 31, 2016