Case Background

On September 15, 2015, Hovensa L.L.C. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the District Court of the Virgin Islands, Bankruptcy Division.  The case is pending before the Honorable Mary F. Walrath and is administered under Case No. 15-10003.

Important Information & Dates

Chapter 11 Plan

On January 20, 2016, the Bankruptcy Court entered an order confirming the Debtor's Second Amended Joint Plan of Liquidation.  On February 17, 2016, the effective date of the Plan occurred and the Plan was consummated.

Administrative Claims arising on or after January 1, 2016 but prior to the effective date must be filed on or before March 18, 2016.

Bar Date for Filing Proofs of Claim

The Bankruptcy Court has established the following deadlines for filing proofs of claim against the Debtor:

• General Bar Date (all creditors other than Governmental Units): December 1, 2015 at 5:00 PM (ET)
• Governmental Unit Bar Date: March 14, 2016 at 5:00 PM (ET)

Please click on "Submit a Claim" above for more information on filing a proof of claim against the Debtors.

Notice of Sale, Bidding Procedures, Auction, and Sale Hearing

PLEASE TAKE NOTICE that on September 15, 2015, the Debtor filed a motion (the “Sale Motion”) with the District Court of the Virgin Islands, Bankruptcy Division, St. Croix, Virgin Islands (the “Court”), seeking entry of orders, among other things, approving (a) the sale of the Debtor’s oil terminal assets and other assets relating thereto to Limetree Bay Holdings, LLC, (the “Stalking Horse Bidder”), for $184 million (the “Sale Transaction”), subject to the submission of higher or better offers in an auction process (the “Auction”); (b) procedures for the solicitation of bids in connection with the Auction (the “Bidding Procedures”); (c) the form and manner of notices related to the Sale Transaction; and (d) procedures for the assumption and assignment of contracts and leases in connection with the Sale Transaction.  Please click on the link below to view the Sale Notice:

Sale Notice

Please take notice that the Auction, if any, now will be held at the offices of White & Case LLP, 1155 Avenue of the Americas, New York, New York 10036.

Notice Regarding Change of Location of Auction

A hearing on the Debtors' First Day Motions was held on September 17, 2015 at 1:00 PM (AST) before the Honorable Mary F. Walrath in the District Court of the Virgin Islands, St. Croix Division, 3013 Estate Golden Rock, Suite 219, St. Croix, Virgin Islands 00820.  Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders

Dates

February
17

Effective Date

___________
September
15
___________

Petition Date

Parties

Debtor's Counsel

Law Offices of Richard H. Dollison

PO Box 6135
St. Thomas, VI   00804-6135
http://www.rdollisonlaw.com
Phone: 340.774.7044
Fax: 340.774.7045
Richard H. Dollison

Morrison & Foerster LLP

250 West 55th Street
New York, NY   10019
http://www.mofo.com
Phone: 212.468.8000
Fax: 212.468.7900
Lorenzo Marinuzzi
Jennifer L. Marines

Debtor's Restructuring Advisors

Alvarez & Marsal

55 W. Monroe
Suite 4000
Chicago, IL   60603
http://www.alvarezandmarsal.com
Phone: 312.601.4226
Fax: 312.332.4599
Tom Hill

United States Trustee and Court Information

Office of the United States Trustee

75 Spring Street, S.W. Room 362
Atlanta, GA   30303
Phone: 404.331.4437
Guy G. Gebhardt
Martin P. Ochs

District Court of the Virgin Islands - Bankruptcy Divsion

3013 Estate Golden Rock, Suite 219
St. Croix, VI   00820
http://www.vid.uscourts.gov/
Phone: 340.718.1130

Debtor

Case Number
Debtor Name
Petition Date
15-10003 Hovensa L.L.C. September 15, 2015