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Oak Point Partners, LLC acquires remnant assets of the Phoenix Brands Liquidating Trust

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October 2018 – Oak Point Partners acquired the remnant assets of the Phoenix Brands Liquidating Trust (Phoenix Brands) in October 2018. On May 19, 2016, Phoenix Brands and its affiliates filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, jointly administered under Case No. 16-11242. On December 19, 2016, the Court entered an order confirming the Debtors’ Joint Plan of Liquidation, pursuant to which the Trust was created and the Liquidating Trustee was appointed and vested with the power and duty to administer the assets of the Debtors.

About Phoenix Brands, LLC

Founded in 2003, Phoenix Brands sourced, manufactured and distributed laundry and fabric care products.

Phoenix Brands also operated under several trade names including Phoenix North, LLC, Phoenix RIT, LLC, and Winter Brands.

The former headquarters of Phoenix Brands was located in Stamford, CT.

The post Oak Point Partners, LLC acquires remnant assets of the Phoenix Brands Liquidating Trust appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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