Bankruptcy Preference Creditor's Digest » Cadence Innovation

Cadence Innovations – Best, Worst Examples of Using 503(b)(9) Claims to Settle Bankruptcy Preference Claims

burbageweddell — Tue, 23 Jun 2009 04:04:40 +0000

Increasing instances of administrative insolvency, especially in the automotive sector, have caused many suppliers to question the value of 503(b)(9) claims. Even when administrative expense claims are »»

Cadence Innovation – Second Round of Bankruptcy Preference Settlements

burbageweddell — Sat, 29 Aug 2009 03:16:47 +0000

Cadence Innovation LLC (the “Debtor”) is continuing to try and settle potential bankruptcy preference claims against vendors who received payments from the Debtor during the ninety (90) »»

Suppliers Lining Up for 503(b)(9) Administrative Expense Claims

burbageweddell — Tue, 13 Jan 2009 14:19:20 +0000

11 USC Section 503(b)(9) provides that a supplier shall be entitled to an “administrative expense claim” for “the value of any goods received by the debtor within »»

How Much for that Equipment? The Cadence Innovation Liquidation

JSBurbage — Fri, 20 Feb 2009 21:18:27 +0000

Feb. 20, 2009 – On February 12, 2009, another volley was fired in the onging Cadence Innovation LLC (“Cadence”) battle with GM. This time Cadence fired the »»

Cadence Innovation, GM Settle Round 3 – Split Baby

burbageweddell — Tue, 24 Mar 2009 18:44:59 +0000

In another blow to maintaining administrative solvency (much less any hope of recovery by the unsecured creditors on prepetition claims), on March 23, 2009, Cadence Innovation settled »»

Sale of Cadence Czech Subsidiary to Magna Non-Contributing

JSBurbage — Mon, 23 Feb 2009 13:45:05 +0000

Cadence Innovation has agreed to the sale of its interests in a Czech corporation “Cadence Bohemia” to Magna Presstec AG. Unfortunately, no dollars from this sale will »»

Bankruptcy Preference Claims will Pay the Bills in Cadence Innovation Bankruptcy

burbageweddell — Tue, 10 Mar 2009 19:34:15 +0000

Looking at the Cadence Innovation November 30, 2008 balance sheet, you would see total assets of $88 million. The December 31, 2008 balance sheet shows total »»

Cadence Innovation LLC – Decision to Liquidate Means Preference Claims are Coming

burbageweddell — Wed, 31 Dec 2008 01:26:19 +0000

Original Post 12/28/2008; See Updates At End of this Post

For a supplier confronted with a customer bankruptcy, nothing changes bad to worse like the failure of the »»