Southmark Corp.


  • Pre-filing annual sales: $1,661 (millions of current dollars)
  • Pre-filing assets: $10,143 (millions of current dollars)
  • Pre-filing number of employees: 4,849
  • Sub-industry: 65 Real Estate
  • Place of incorporation: GA
  • Court for city of headquarters: TX Dallas
  • In business at filing? emerged

Chapter 11 case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Thompson Knight
  • Date of filing: 7/13/1989
  • Court district of filing: GA ND
  • Court city of filing: Atlanta
  • Case number: 89-31056
  • Cause of bankruptcy: Not tort
  • Forum shop? Forum Shop

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

  • Disposition status: confirmed
  • Date of disposition: 7/23/1990
  • Judge at disposition: Steven A. Felsenthal
  • Days from filing to disposition: 375

After the case

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

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