Case No. 15-10003
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:
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.
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:
Law Offices of Richard H. Dollison
PO Box 6135
St. Thomas, VI 00804-6135
Richard H. Dollison
Morrison & Foerster LLP
250 West 55th Street
New York, NY 10019
Jennifer L. Marines
Debtor's Restructuring Advisors
Alvarez & Marsal
55 W. Monroe
Chicago, IL 60603
United States Trustee and Court Information
Office of the United States Trustee
75 Spring Street, S.W. Room 362
Atlanta, GA 30303
Guy G. Gebhardt
Martin P. Ochs
District Court of the Virgin Islands - Bankruptcy Divsion
3013 Estate Golden Rock, Suite 219
St. Croix, VI 00820
|Case Number||Debtor Name||Petition Date|
|Case Number 15-10003||Debtor Name Hovensa L.L.C.||Petition Date September 15, 2015|