US Trustee filed a motion in the US Bankruptcy Court seeking the conversion of Pitt Penn Holdings, Inc.'s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on April 24, 2013. As per the US Trustee, the conversion is requested based on the substantial continuing loss to and diminution of the estates and an absence of reasonable likelihood of rehabilitation, and a failure to maintain appropriate insurance that poses a risk to the estate.
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5-day change | 1st Jan Change | ||
0.000001 USD | -.--% | -99.00% | -.--% |
2014 | Second Amended Liquidation Plan Approved for Pitt Penn Holdings, Inc | CI |
2014 | Second Amended Disclosure Statement Approved for Pitt Penn Holdings, Inc | CI |
1st Jan change | Capi. | |
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-.--% | 150 | |
+17.73% | 66.69B | |
+16.33% | 41.24B | |
+19.89% | 25.89B | |
+12.78% | 19.81B | |
+0.85% | 17.48B | |
-21.87% | 15.86B | |
+2.32% | 15.35B | |
-10.29% | 15.23B | |
-22.30% | 13.36B |
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- Motion for Case Conversion Filed by Pitt Penn Holdings, Inc