Towle Mfg. Co. (1986)

Company

  • Pre-filing annual sales: $486 (millions of current dollars)
  • Pre-filing assets: $526 (millions of current dollars)
  • Pre-filing number of employees: 2,500
  • Sub-industry: 39 Miscellaneous Manufacturing Industries
  • Place of incorporation: MA
  • Court for city of headquarters: MA Boston
  • In business at filing? emerged

Chapter 11 case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Levin Weintraub
  • Date of filing: 3/24/1986
  • Court district of filing: NY SD
  • Court city of filing: New York
  • Case number: 86-10498
  • 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? data not available
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: 9/30/1987
  • Judge at disposition: Cornelius Blackshear
  • Days from filing to disposition: 555

After the case

  • Did firm emerge? Company emerged
  • Did firm refile? emerged 5 years, refiled

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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