Receivership of escrow company initiated by the State of Washington Department of Financial Institutions with over 1,000 potential receivership claimants, some $3,000,000 in claims and some $2,000,000 in funds. Obtained proceeds of surety bond. Now, seeking proceds of coverage by Lloyd's London for professional liability and US Fire Insurance Company for employee fidelity.
In re Gen Con
Chapter 11 Bankruptcy
Jan 09, 2009
Confirmed Chapter 11 Plan
We successfully confirmed this Chapter 11 over the opposition of a party attempting a hostile takeover. Creditors will be paid 100% of their claims plus interest over the life of the plan. Our client will continue in business, employing people and hosting an event that has been an ongoing institution for more than 40 years.