TAM S.A. Bankruptcy Filing
Basic Information on TAM S.A. Bankruptcy
TAM S.A. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on July 09, 2020. This is a voluntary filing; it was assigned the bankruptcy case number #20-11597.
The bankruptcy petition for TAM S.A. showed assets in the range of more than $1B with liabilities in the range of more than $1B. TAM S.A. reports that the number of creditors is in the range of more than 100,000.
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 TAM S.A. Bankruptcy:
TAM S.A. indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.
TAM S.A. Bankruptcy Docket Header
MEGA |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 20-11597-jlg
Assigned to: Judge James L. Garrity Jr. Chapter 11 Voluntary Asset |
|
Debtor TAM S.A. Rua Verbo Divino, 2001 17th floor, unit. 172 Chacara Santo Antonio Sao Paulo, SP 04719-002 OUTSIDE U. S. Brazil |
rep. by |
Luke A Barefoot
Cleary Gottlieb Steen & Hamilton LLP One Liberty Plaza New York, NY 10006 212-225-2000 Fax : 212-225-3999 Email: lbarefoot @ cgsh.com |
U.S. Trustee United States Trustee Office of the United States Trustee U.S. Federal Office Building 201 Varick Street, Room 1006 New York, NY 10014 (212) 510-0500 |