SquareTwo Financial Services Corporation

Case No. 17-10659


Case Background

On March 19, 2017, SquareTwo Financial Services Corporation and seventeen (17) affiliated debtors (collectively, the "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 Southern District of New York (the "Chapter 11 Proceedings").  The cases are pending before the Honorable James L. Garrity, Jr., and the Debtors have requested joint administration of the cases under Case No. 17-10659.

On the March 22, 2017, SquareTwo Financial Corporation, as the Debtors' foreign representative, filed an application for the commencement of recognition proceedings (the “Canadian Proceedings”) in the Ontario Superior Court of Justice (Commercial List) under Part IV of the Companies’ Creditors Arrangement Act (the “CCAA”) to recognize the Chapter 11 Proceedings. Information about the Canadian Proceedings is below.

Important Information & Dates

 

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on March 21, 2017 at 3:00 p.m. (ET) before the Honorable James L. Garrity, Jr., United States Bankruptcy Court for the Southern District of New York, One Bowling Green, Room 601, New York, NY 10004. A final hearing on certain of the First Day Motions was held on April 13, 2017 at 2:00 p.m. (ET).

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

First Day Motions

First Day Orders

Hearing on Adequacy of the Disclosure Statement and Confirmation of the Plan

The Combined Hearing to consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Plan was held on June 2, 2017.

Please click below to view and download the Debtors' proposed Plan and proposed Disclosure Statement for the Plan:

Plan and Disclosure Statement 

A summary of the Plan is available here.

On June 15, 2017, the Effective Date occurred with respect to the Plan.


Dates

June 15 2017 Plan Effective Date June 15, 2017 Statement / No... Add to Calendar

Canadian Proceedings

On March 22, 2017, SquareTwo Financial Corporation, as the Foreign Representative, applied to the Ontario Superior Court of Justice (Commercial List) under Part IV of the CCAA for an Order granting, among other things, the recognition of SquareTwo Financial Corporation as the foreign representative of the Debtors, declaring that the centre of main interest for each of the Debtors is in the United States and that the Chapter 11 Proceedings are a "foreign main proceeding" under sections 47 and 48 of the CCAA, and granting a stay of proceedings in respect of the Debtors.

Service List

Motion Materials

Orders

Parties

Debtors' Counsel

  • Willkie Farr & Gallagher LLP

    787 Seventh Avenue
    New York, NY   10019-6099
    http://www.willkie.com/
    Phone: 212.728.8000
    Fax: 212.728.8111

    Matthew A. Feldman
    Paul V. Shalhoub
    Robin Spigel
    Debra C. McElligott

  • Thornton Grout Finnigan LLP

    Suite 3200, 100 Wellington Street West
    Toronto-Dominion Centre
    Toronto, ON M5K 1K7   Canada
    http://www.tgf.ca/
    Phone: 416.304.1616
    Fax: 416.304.1313

    D.J. Miller
    Asim Iqbal
    Mitch Grossell

Debtors' Restructuring Advisors

United States Trustee and Court Information

  • Office of the United States Trustee

    U.S. Federal Office Building
    201 Varick Street, Suite 1006
    New York, NY   10014
    http://www.usdoj.gov/ust/r02
    Phone: 212.510.0500
    Fax: 212.668.2255

    Susan Arbeit
    Richard C. Morrissey

  • United States Bankruptcy Court

    Southern District of New York
    One Bowling Green
    New York, NY   10004-1408
    http://www.nysb.uscourts.gov

    Phone: 212.668.2870

Debtors

Case Number Debtor Name Petition Date
Case Number 17-10659 Debtor Name SquareTwo Financial Services Corporation Petition Date March 19, 2017
Case Number 17-10661 Debtor Name Astrum Financial, LLC Petition Date March 19, 2017
Case Number 17-10662 Debtor Name Autus, LLC Petition Date March 19, 2017
Case Number 17-10665 Debtor Name CA Internet Marketing, LLC Petition Date March 19, 2017
Case Number 17-10663 Debtor Name CACH, LLC Petition Date March 19, 2017
Case Number 17-10664 Debtor Name CACV of Colorado, LLC Petition Date March 19, 2017
Case Number 17-10660 Debtor Name CACV of New Jersey, LLC Petition Date March 19, 2017
Case Number 17-10666 Debtor Name Candeo, LLC Petition Date March 19, 2017
Case Number 17-10672 Debtor Name CCL Financial Inc. Petition Date March 19, 2017
Case Number 17-10667 Debtor Name Collect Air, LLC Petition Date March 19, 2017
Case Number 17-10668 Debtor Name Collect America of Canada, LLC Petition Date March 19, 2017
Case Number 17-10669 Debtor Name Healthcare Funding Solutions, LLC Petition Date March 19, 2017
Case Number 17-10674 Debtor Name Metropolitan Legal Administration Services, Inc. Petition Date March 19, 2017
Case Number 17-10670 Debtor Name Orsa, LLC Petition Date March 19, 2017
Case Number 17-10673 Debtor Name Preferred Credit Resources Limited Petition Date March 19, 2017
Case Number 17-10675 Debtor Name ReFinance America, Ltd. Petition Date March 19, 2017
Case Number 17-10671 Debtor Name SquareTwo Financial Canada Corporation Petition Date March 19, 2017
Case Number 17-10676 Debtor Name SquareTwo Financial Corporation Petition Date March 19, 2017