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- As his Here Lies Love played its last performances on Broadway, producer Hal Luftig scored a significant victory in court. The Bankruptcy Court of the Southern District of New York recommended confirming the reorganization plan for Hal Luftig Company, Inc. (the "Company" for short).
www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127Bankruptcy Court Recommends Approving Hal Luftig Company ...
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Dec 2, 2023 · The debtor filed a chapter 11 plan to discharge the debtor’s debt owing to the investor and give the owner a release from liability on the $2.9 million arbitration award. In return, the plan called for the owner to supply $600,000 toward payments under the plan.
In In re Hal Luftig Co., the Bankruptcy Court recommended confirmation of a subchapter V small business reorganization plan that provided for the nonconsensual release of a non-debtor third party5. The Bankruptcy Court applied the Purdue III factors when considering the release6.
Feb 20, 2023 · With $150,000 in assets and over $2.8 million in debts, the production company declared bankruptcy and is aiming for a reorganization. By: Cara Joy David Feb. 20, 2023. Click Here for More on...
In Re: 22-11617-jpm Hal Luftig Company, Inc. Memorandum Opinion And Order signed on 11/22/2023 On Confirmation Of Small Business Plan Of Reorganization Under Chapter 11. (related document (s) 55, 90, 63, 85, 84) File: 314456_115_opinion.pdf. Judge:
The Bankruptcy Court found that the Luftig Release was necessary to a successful reorganization because it would enable Luftig to continue to operate the Debtor's business and would secure several material benefits to the Debtor, including Luftig's contributions and agreement to subordinate his claims.
Pending before the Court is the request of Debtor Hal Luftig Company, Inc. (the “ Debtor ”) to confirm the Debtor’s Small Business Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (Docket No. 55)
