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Outer Harbor Terminals Bankruptcy Liquidation Effective

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The U.S. Bankruptcy Court entered an order converting Outer Harbor Terminals’ Chapter 11 reorganization to a liquidation under Chapter 7.

The U.S. Trustee assigned to the case requested the conversion order. At the time of its bankruptcy filing, the Company told the Court “[T]he Debtor’ bankruptcy filing coincides with the Debtor’s ongoing efforts to implement an orderly and efficient wind down of its business and liquidation of its assets.”

This privately-held container terminal operator filed for Chapter 11 protection on February 1, 2016, listing $350 million in pre-petition assets.

Read more bankruptcy news.

The post Outer Harbor Terminals Bankruptcy Liquidation Effective appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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