Advanta Corp.

Company

  • Pre-filing annual sales: $554 (millions of current dollars)
  • Pre-filing assets: $4,062 (millions of current dollars)
  • Pre-filing number of employees: 841
  • Sub-industry: 61 Non-depository Credit Institutions
  • Place of incorporation: DE
  • Court for city of headquarters: PA Reading
  • In business at filing? yes

Chapter 11 case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Weil Gotshal
  • Date of filing: 11/8/2009
  • Court district of filing: DE
  • Court city of filing: Wilmington
  • Case number: 09-13931
  • Cause of bankruptcy: Not tort
  • Forum shop? Forum Shop

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • §363 sale: no 363 sale
  • Dip loan final approval? no
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: 2/11/2011
  • Judge at disposition: Kevin J. Carey
  • Days from filing to disposition: 460

After the case

  • Did firm emerge? company did not emerge
  • Did firm refile? not emerged 5 years


The BRD is user-supported. We need your help to continue providing our services. Please contribute.

The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

↑ back to top