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Showing 1 post in Best Interests.

The Baha Mar Debtors Sent Packing Back To The Bahamas

In re Northshore Mainland Servs., Inc., 2015 WL 5444707, Case No. 15-11402 (KJC), --- B.R. ---- (Bankr. D. Del. Sept. 15, 2015)

In His Honor’s most recent Memorandum, Judge Carey dismissed the chapter 11 cases of the Baha Mar debtors (the “Debtors”), except as to one—Northshore Mainland Services, Inc, which is a Delaware corporation with operations in the United States.  Despite the Court’s acknowledgment of the significant benefits to all parties in proceeding with a restructuring under chapter 11, the Court appeared constrained to rule that all parties would be best served by dismissal under Bankruptcy Code section 305(a). Read More ›