Bankruptcy Preference Creditor's Digest

APScans™ – Adversary Proceeding Reports of Substantive Docket Entries in Mass Bankruptcy Preference Proceedings

SAMPLE APScans

• Delphi – Sample APScan of 176 Delphi Bankruptcy Preference Adversary Proceedings
• Homebanc – Sample APScanof 388 Bankruptcy Preference Actions
• Intermet Corporation (GUC Liquidating Trust) – Sample APScan of 204 Bankruptcy Preference Actions
• NWL Holdings, Inc. (National Wholesale Liquidators) – Sample APScan
• OTC International Adversary Proceeding APScans – Sample APScan for the 78 bankruptcy preference actions (Sample Updated through August 21, 2010).
• Pacific Energy Resources Ltd. – Sample APScan of 57 Adversary Proceedings
• Quebecor World Litigation Trust – Sample APScan of 1749 Bankruptcy Preference Actions (Sample updated through January 31, 2010)

REGISTERED USERS:  CLICK HERE TO ACCESS APSCANS.

The following APSCANS updated through midnight eastern standard time September 8, 2010 are available to registered users:

• Ascendia Brands, Inc., et al.,  (Debtors in Possession)
• Cadence Innovation LLC
• Dan River Holdings LLC  (Jeoffrey L. Burtch, Chapter 7 Trustee)
• Diamond Glass, Inc. (Alfred T. Giuliano, Plan Administrator)
• eToys Direct 1, LLC  (Official Committee of Unsecured Creditors)
• Fortunoff Holdings, LLC  (Ian J. Gazes, Chapter 7 Trustee)
• Goody’s Family Clothing, Inc.  (Carroll Services, LLC, Plan Administrator)
• Homebanc Mortgage Corporation  (George L. Miller, Chapter 7 Trustee)
• Hoop Holdings, LLC et al.
• Interep National Radio Sales, Inc.  (Kenneth P. Silverman, Esq., as Chapter 7 Trustee)
• Intermet Corporation (GUC Liquidating Trustee of the GUC Liquidating
  Trust)
• Jevic Transportation, Inc.
• Landsource Communities Development LLC (LandSource Creditor Litigation Liquidating Trust, by and through its Litgation Trustee)
• Meadowcraft, Inc.  (Debtor in Possession)
• National Wholesale Liquidators, Inc. et.a. (Alfred T. Giuliano, Chapter 7 Trustee)
• OTC International Limited  (Marianne O’Toole, Plan Administrator)
• Quebecor World (USA), Inc. (Eugene I. Davis, as Litigation Trustee for the Quebecor World Litigation Trust)
• SemCrude L.P.  (Bettina M. Whyte, Litigation Trustee of the SemiGroup Litigation Trust)
• Signature Bank
• WCI Communities, Inc.  (Ocean Ridge Capital Advisors LLC, Creditor Trustee for the WCI Communities, Inc., Creditor
  Trust)

The Challenge – Monitoring Dozens, Hundreds of Adversary Proceedings Quickly and Efficiently

Although counsel may find it imperative to monitor developments in other bankruptcy preference proceedings,  the time and expense required to monitor dozens or even hundreds of adversary proceedings often is substantial.  The choice for counsel and the defendant in an adversary proceeding may be either to fore go monitoring other proceedings, monitor proceedings selectively or sporadically or incur substantial paralegal time to report on developments in other proceedings.

There is a critical need to provide another alternative allows:

• the daily reporting of developments in hundreds of adversary proceedings,
• that would strip out meaningless filings like certificates of service, filing credit card receipts and motions for pro hac vice admission; and
• would create a permanent data base of the substantive filings that could be searched, filtered, sorted and assessed.

The APScans Solution to Mass Adversary Proceeding Monitoring

Burbage & Weddell LLC developed APScans for its own use in defending its clients, and believes that the solution can provide substantial value to other counsel as well.  APScans may also be a valuable resource for in house legal departments who would like direct reporting of developments in adversary proceedings.

Click on the following links to see more articles on "APScans, threats and proceedings ". First Published May 2nd, 2010.