New Filing - Choxi.com, Inc.

Choxi.com, Inc. (aka Nomorerack.com)

  • 12/5/16 Recap: E-commerce retailer funded to the tune of $52mm that is now almost certainly completely wiped out filed for bankruptcy in response to an involuntary filing by three creditors owed $300+k on account of goods sold. Despite being named after a URL, the URL is no longer active and so we can't even see what kind of fancy wares they had (tried) to sell.   
  • Jurisdiction: S.D. of New York   
  • Company Professionals:
    • Legal: Klesdadt Winters Jureller Southard & Stevens, LLP (Tracy Klesdadt, Christopher Reilly, Stephanie Sweeney)
    • Financial Advisor: CBIZ Tax Accounting & Advisory New York LLC (Blanche Zelmanovich)
    • Claims Agent: Rust Consulting/Omni Bankruptcy LLC (*click on company name for docket)
  • Other Parties in Interest:
    • Unsecured Creditors' Committee
      • Legal: Nutovic & Associates (Isaac Nutovic)
      • Financial Advisor: CBIZ Tax Accounting & Advisory New York LLC (Blanche Zelmanovich)

Updated 12/29/16

New Filing - Dowling College Inc.

Dowling College Inc.

  • 11/29/16 Recap: Following the loss of its accreditation and a failed sale to a strategic, the non-profit educational institution filed for Chapter 11 with plans to effectuate a liquidation by way of sale of its Oakdale NY campus and residential portfolio. UMB Bank will fund a approximately $5mm DIP.
  • Jurisdiction: E.D. of New York
  • Capital Structure: ~$59mm municipal debt     
  • Company Professionals:
    • Legal: Klestadt Winters Jureller Southard & Stevens LLP (Sean Southard, Lauren Kiss) 
    • Financial Advisor: RSR Consulting LLC (Robert Rosenfeld) 
    • Claims Agent: Garden City Group LLC (*click on company name for docket)
  • Other Parties in Interest:
    • DIP Lender: UMB Bank
      • Legal: Mintz Levin Cohn Ferris Glovsky and Popeo PC (Ian Hammel, Eric Blythe) & (local) Garfunkel Wild PC (Adam Berkowitz)
    • Official Committee of Unsecured Creditors
      • Legal: SilvermanAcampora LLP (Ronald Friedman, Gerard Luckman, Kenneth Silverman)

Updated 12/30/16