On October 30, 2017, M & G USA Corporation and 10 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 District of Delaware. On October 24, 2017, M & G Polymers USA, LLC filed its Chapter 11 case in the same court. The cases are pending before the Honorable Brendan L. Shannon and are jointly administered under Case No. 17-12307.
Important Information & Dates
Plan & Disclosure Statement
On September 5, 2018, the Debtors filed their Chatper 11 Plan of Liquidation and the Disclosure Statement related thereto. On November 6, 2018, the Bankruptcy Court entered an order approving the Disclosure Statement. On December 17, 2018, the Bankruptcy Court entered an order confirming the Plan. On December 31, 2018, the Effective Date of the Plan occurred, and the Plan was consummated.
First Day Hearing
A hearing on the Debtors' First Day Motions was held on November 1, 2017 at 12:30 p.m. (ET) before the Honorable Brendan L. Shannon, United States Bankruptcy Court for the District of District of Delaware, 824 Market Street, 6th Floor, Courtroom #1, Wilmington, Delaware.
A final hearing on certain of the First Day Motions was held on January 18, 2018 at 10:00 a.m. (ET).
The Section 341(a) Meeting of Creditors was held on January 26, 2018 at 1:00 p.m. (ET).
Please click below to view and download the Debtors' First Day Motions and First Day Orders:
Deadline to File Claims
The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors:
General Bar Date (all creditors other than Governmental Units): April 5, 2018 at 5:00 p.m. (Prevailing Eastern Time)
Governmental Unit Bar Date: April 30, 2018 at 5:00 p.m. (Prevailing Eastern Time)
Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors.
Sale of M&G USA Corporation Debtors' Assets
On November 11, 2017, the Debtors filed a motion to sell substantially all of their assets. On December 14, 2017, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.
For more information on this sale, please visit the following links:
Excluding Apple Grove Assets
The Auction, if required, for all other assets (excluding the Apple Grove Assets) was held on March 8, 2018. The Bankruptcy Court will hold a hearing to consider approval of the sale on March 14, 2018.
Apple Grove Assets
The Auction for the Apple Grove Assets was held on January 29, 2018. The Bankruptcy Court held a hearing to consider approval of the sale on February 1, 2018.
First Day Hearing
DIP Motion Hearing
Hearing to consider entry of the Bidding Procedures
Final Hearing on Certain First Day Motions
Hearing re Stalking Horse Purchase Agreement and Sale of M&G Polymers USA
341 Meeting of Creditors
General Claim Bar Date
Governmental Claim Bar Date
Hearing re Construction Lienholder Motion
Adminstrative Claim Bar Date
Hearing re Plan Exclusivity Motion
Cancelled: Omnibus Hearing
250 Vesey Street
New York, NY 10281
Scott J. Greenberg
Michael J. Cohen
901 Lakeside Avenue
Cleveland, OH 44114
Carl E. Black
Pachulski Stang Ziehl & Jones LLP
919 N. Market Street, 17th Floor
P.O. Box 8705
Wilmington, DE 19899-8705
Laura Davis Jones
United States Trustee and Court Information
United States Bankruptcy Court
District of Delaware
824 Market Street North, 3rd Floor
Wilmington, DE 19801
Office of the United States Trustee
844 King Street, Suite 2207
Wilmington, DE 19801
Hannah Mufson McCollum
|17-12307||M & G USA Corporation||October 30, 2017|
|17-12309||M & G Resins USA, LLC||October 30, 2017|
|17-12268||M & G Polymers USA, LLC||October 24, 2017|
|17-12310||M & G Finance Corporation||October 30, 2017|
|17-12311||M&G Waters USA, LLC||October 30, 2017|
|17-12315||Mossi & Ghisolfi International S.a.r.l.||October 30, 2017|
|17-12316||M&G Chemicals S.A.||October 30, 2017|
|17-12317||M&G Capital S.a.r.l.||October 30, 2017|
|17-12308||M & G USA Holding, LLC||October 30, 2017|
|17-12312||Chemtex International Inc.||October 30, 2017|
|17-12313||Chemtex Far East, Ltd.||October 30, 2017|
|17-12314||Indo American Investments, Inc.||October 30, 2017|