Payless Cashways, Inc. (2001)

Company

  • Pre-filing annual sales: $2,051 (millions of current dollars)
  • Pre-filing assets: $931 (millions of current dollars)
  • Pre-filing number of employees: 8,100
  • Sub-industry: 52 Building Materials, Hardware, Garden Supply, And Mobile Home Dealers
  • Place of incorporation: DE
  • Court for city of headquarters: MO Kansas City
  • 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: 6/4/2001
  • Court district of filing: MO WD
  • Court city of filing: Kansas City, MO
  • Case number: 01-42643
  • Cause of bankruptcy: Not tort
  • Forum shop? Filed at headquarters

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

  • Disposition status: dismissed
  • Date of disposition: 5/19/2005
  • Judge at disposition: Arthur B. Federman
  • Days from filing to disposition: 1445

After the case

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

The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

In funding the Success Modeling Project, these organizations do not endorse or express any opinion about the approach used by the project, or any conclusions, opinions, or report of any research results expressed in or disseminated by the project.
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