Case Background

On May 11, 2014, Universal Cooperatives, Inc. and five 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.  The Debtors' cases are pending before the Honorable Mary F. Walrath and are jointly administered under Case No. 14-11187.

Important Information & Dates

Plan and Disclosure Statement

On July 21, 2015, the Debtors and the Official Committee of Unsecured Creditors filed their Amended Chapter 11 Joint Plan of Liquidation and the Disclosure Statement related thereto.  On July 20, the Bankruptcy Court entered an order approving the Disclosure Statement.  The hearing to consider confirmation of the Plan will be held on September 3, 2015 at 10:30 a.m. (ET). 

Plan and Disclosure Statement Documents

Bar Dates for Filing Proofs of Claim

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): September 30, 2014
  • Governmental Unit Bar Date: November 7, 2014
  • Administrative Claims Bar Date (all claims arising from May 11, 2014 through and including April 30, 2015): June 19, 2015

Please refer to the Administrative Claims Bar Date Notice and Order linked on the right side of this page for more information regarding filing an administrative claim against the Debtors.

Asset Sale

On July 8, 2014, the Debtors filed a motion to sell certain of their assets.  On July 23, 2014, the Bankruptcy Court entered an order approving bidding procedures in connection with such sale.  On August 26, 2014, the Bankruptcy Court entered an order approving the sale.

Click on the link below for the Sale Order, Bidding Procedures Order, the Sale Notice, the Assumption Notice and all other documents related to the Debtors' asset sale:

Sale Documents

Sale Order

Bidding Procedures Order

Sale Notice

Assumption Notice

Eagan Real Property Asset Sale

On September 9, 2014, the Debtors filed a motion to sell the real property located at 1300 Corporate Center Curve, Eagan, MN 55121.  On September 30, 2014, the Bankruptcy Court entered an order approving bidding procedures in connection with such sale.  The auction for the real property was held at the property on November 13, 2014 at 10:00 a.m. (CT).  A hearing to consider approval of the sale of the real property will be held on November 18, 2014 at 2:00 p.m. (ET).

Click on the link below for the Bidding Procedures Order and all other documents related to the real property sale:

Real Property Sale Documents

Real Property Bidding Procedures Order

Dates

August
27

Voting Deadline

4:00 P.M. (ET)
September
3

Confirmation Hearing

10:30 AM (ET)
May
11
_________
May
13
12:00 PM(ET)
August
27
4:00 P.M. (ET)
June
6
10:30 AM(ET)

Second Day Hearing

Parties

Debtors' Counsel

Foley & Lardner LLP

321 North Clark Street
Suite 2800
Chicago, IL 60654-5313
http://www.foley.com
Phone: 312.832.4500
Fax: 312.832.4700
Mark L. Prager, Esq.
Michael J. Small, Esq.
Emil P. Khatchatourian, Esq.

Young Conaway Stargatt & Taylor, LLP

Rodney Square
1000 North King Street
Wilmington, DE 19801
http://www.youngconaway.com/
Phone: 302.571.6600
Fax: 302.571.1253
Robert S. Brady, Esq.
Andrew L. Magaziner, Esq.
Travis G. Buchanan, Esq.

Counsel to Creditors' Committee

Lowenstein Sandler LLP

65 Livingston Avenue
Roseland, NJ 07068
http://www.lowenstein.com
Phone: 973.597.2500
Fax: 973-597-2400
Sharon Levine, Esq.
Timothy R. Wheeler, Esq.

VENABLE LLP

1201 North Market Street, Suite 1400
Wilmington, DE 19899
http://www.venable.com
Phone: 302.298.3535
Fax: 302.298.3550
Jamie L. Edmonson, Esq.
Daniel A. O’Brien, Esq.

United States Trustee and Court Information

Office of the United States Trustee

844 King Street, Suite 2207
Wilmington, DE 19801
http://www.justice.gov/ust/r03/wilmington/index.htm
Phone: 302.573.6491
Fax: 302.573.6497
Benjamin Hackman, Esq.

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


Debtors

Case Number
Debtor Name
Petition Date
14-11187 Universal Cooperatives, Inc. May 11, 2014
14-11186 Heritage Trading Company, LLC May 11, 2014
14-11188 Bridon Cordage LLC May 11, 2014
14-11189 Universal Crop Protection Alliance, LLC May 11, 2014
14-11190 Agrilon International, LLC May 11, 2014
14-11191 Pavalon, Inc. May 11, 2014