Public Company Bankruptcy Cases Opened and Monitored
Jan. 20, 2010
This file contains a list of the bankruptcy cases for public companies filed under Chapter 11 of the Bankruptcy Code opened and monitored since the fiscal year 2009. The Commission has statutory authority under Section 1109(a) of the Bankruptcy Code to participate in bankruptcy cases, but generally limits its activity to large public company chapter 11 cases. The Commission role focuses on four main areas:
- to ensure that plans and disclosure statements contain adequate information;
- to ensure that public investors are adequately represented by an official committee if appropriate;
- to ensure that the Bankruptcy Code exemptions from Securities act registration is not misused; and
- to participate on legal issues that may affect the rights of public investors, such as where a debtor may seek to improperly shield officers and directors from lawsuits for securities fraud.
While the Commission reviews disclosure of reorganization plans, it does not, however, seek to negotiate the economics terms of such plans.
The data includes the District Court, the state, the company name, assets, and liabilities.
|Field Name||Field Description|
|DISTRICT||District of the Court Where the Case Was Filed|
|STATE||State of the Court Where the Case Was Filed|
|COMPANY NAME||Name of the Company Filing Bankruptcy|
|ASSETS (MILLIONS)||Assets in millions of dollars|
|LIABILITIES (MILLIONS)||Liabilities in millions of dollars|