Bankruptcy Preference Creditor's Digest
Attorneys Defending Bankruptcy Bankruptcy Preference Claims Nationwide: 888.547.5170
Materials listing for Fluid Routing Solutions
Fluid Routing Solutions – Auction Over, Asset Sale Approved
On March 26, 2009, 48 days after the Chapter 11 filing, the sale of the fluid routing business and assets of Fluid Routing Solutions was approved. The winning bidder a/k/a the only bidder was FRS Holding Corp., (“FRS Deux”) who was the “stalking horse bidder” and an admitted “affiliate of an insider of the [...]
Fluid Routing Solutions Bankruptcy – Summary Post
In our posts on the bankruptcy of Fluid Routing Solutions, we have discussed unique aspects of this case that made it worthy of study. These aspects include the following:
apparent inability to get institutional financing despite strengths;
sophistication of the overall bankruptcy strategy;
first day motions that were specifically directed at keeping the supplier base in place;
challenges of [...]
Fluid Routing Solutions’ Purchaser Takes Automakers Off List
We discussed in a prior post the completion of the auction and bankruptcy court approval of sale of assets to an affiliate of Fluid Routing Solutions. Despite its success in getting the sale approved, Fluid Routing Solutions was unable to obtain the concurrence of its automaker customers to the Proposed Sale Order. Fluid Routing [...]
Fluid Routing Solutions Bankruptcy – A Picture Emerges – But Blurry
Feb. 09, 2009 – The portions of the docket available on Friday, February 6, 2009 presented an incomplete picture of the intended direction of the Chapter 11 Bankruptcy filing of Fluid Routing Solutions Intermediate Holding Corp., Fluid Routing Solutions, Inc., Fluid Routing Solutions Automotive, LLC a/k/a Mark IV Automotive, LLC) and Detroit Fuel, Inc.
The docket [...]