NEW WAY MACHINE COMPONENTS, INC. Bankruptcy Filing
Basic Information on NEW WAY MACHINE COMPONENTS, INC. Bankruptcy
NEW WAY MACHINE COMPONENTS, INC. filed a 11 chapter bankruptcy in the Eastern District of Pennsylvania bankruptcy court on April 22, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-11362.
The bankruptcy petition for NEW WAY MACHINE COMPONENTS, INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. NEW WAY MACHINE COMPONENTS, INC. reports that the number of creditors is in the range of 50-99.
The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
Unsecured Creditor Treatment in NEW WAY MACHINE COMPONENTS, INC. Bankruptcy:
NEW WAY MACHINE COMPONENTS, INC. indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.
NEW WAY MACHINE COMPONENTS, INC. Bankruptcy Docket Header
Subchapter_V, PlnDue |
Eastern District of Pennsylvania (Philadelphia)
Bankruptcy Petition #: 24-11362-amc
Assigned to: Judge Ashely M. Chan Chapter 11 Voluntary Asset |
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Debtor New Way Machine Components, Inc. 50 McDonald Boulevard Aston, PA 19014 DELAWARE-PA Tax ID / EIN: 23-2749884 ta New Way Air Bearings ta New Way Precision |
rep. by |
ARIS J. KARALIS
Karalis PC 1900 Spruce Street Philadelphia, PA 19103 (215) 546-4500 Email: akaralis @ karalislaw.com |
U.S. Trustee United States Trustee Office of United States Trustee Robert N.C. Nix Federal Building 900 Market Street Suite 320 Philadelphia, PA 19107 (215)597-4411 |