TOWER HOBBIES, INC. Bankruptcy Filing
Basic Information on TOWER HOBBIES, INC. Bankruptcy
TOWER HOBBIES, INC. filed a 7 chapter bankruptcy in the District of Delaware bankruptcy court on January 10, 2018. This is a voluntary filing; it was assigned the bankruptcy case number #18-10059.
The bankruptcy petition for TOWER HOBBIES, INC. showed assets in the range of $100MM - $500MM with liabilities in the range of $100MM - $500MM. TOWER HOBBIES, INC. reports that the number of creditors is in the range of 1-49.
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 TOWER HOBBIES, INC. Bankruptcy:
TOWER HOBBIES, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.
TOWER HOBBIES, INC. Bankruptcy Docket Header
VerifDue, PlnDue, DsclsDue |
District of Delaware (Delaware)
Bankruptcy Petition #: 18-10059-KG
Assigned to: Kevin Gross Chapter 11 Voluntary Asset |
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Debtor Tower Hobbies, Inc. 2904 Research Road Champaign, IL 61822 CHAMPAIGN-IL Tax ID / EIN: 20-3405185 |
rep. by |
Robert J. Dehney
Morris, Nichols, Arsht & Tunnell 1201 N. Market Street P O. Box 1347 Wilmington, DE 19899-1347 (302) 658-9200 Fax : (302) 658-3989 Email: rdehney @ mnat.com |
U.S. Trustee U.S. Trustee Office of the United States Trustee J. Caleb Boggs Federal Building 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 (302)-573-6491 |