Mercury Finance Company

Company

  • Pre-filing annual sales: $566 (millions of current dollars)
  • Pre-filing assets: $1,481 (millions of current dollars)
  • Pre-filing number of employees: 1,570
  • Sub-industry: 61 Non-depository Credit Institutions
  • Place of incorporation: DE
  • Court for city of headquarters: IL Chicago
  • In business at filing? emerged

Chapter 11 case

  • Chapter at filing: Chapter 11
  • Who filed case? creditors
  • Debtor's lead attorney: McDermott Will
  • Date of filing: 7/6/1998
  • Court district of filing: IL ND
  • Court city of filing: Chicago
  • Case number: 98-20763
  • Cause of bankruptcy: Fraud
  • Forum shop? Filed at headquarters

  • 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: prenegotiated

  • Disposition status: confirmed
  • Date of disposition: 3/10/1999
  • Judge at disposition: Erwin I. Katz
  • Days from filing to disposition: 247

After the case

  • Did firm emerge? Company emerged
  • Did firm refile? emerged 5 years, did not refile


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