| Confirmation Date | May 28, 2010 |
| Effective Date of the Plan | June 16, 2010 |
| Deadline for Debtors' professionals to file a claim for compensation | August 2, 2010 |
| Deadline for filing and serving requests for payment of General Administrative Claims (the “Administrative Claims Bar Date”) | August 16, 2010 |
| Deadline to file proof(s) of claim arising from the rejection of Executory Contracts or Unexpired Leases |
The later of: (a) 30 days after entry of an order of the Bankruptcy Court approving such rejection; and (b) the applicable Claims Bar Date. |
On May 8, 2009, SL Liquidating, Inc. (formerly SENCORP) and nearly all of its operating affiliates (the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The operating affiliates are: SP Liquidating, Inc. (f/k/a Senco Products, Inc.); SE Liquidating, Inc. (f/k/a Senco Export, Inc.); GS Liquidating, LLC (f/k/a SenSource Global Sourcing, LLC); TR Liquidating, LLC (f/k/a TyRex, LLC); GF Liquidating, LLC (f/k/a Global Fastening Solutions, LLC); AF Liquidating, LLC (f/k/a Agrifast, LLC); NC Liquidating, LLC (f/k/a Nexicor, LLC); OF Liquidating, LLC (f/k/a Omnifast, LLC); SC Liquidating, Inc. (f/k/a S C FINANCIAL, INC.); SI Liquidating, Inc. (f/k/a Senco International, Inc.); SM Liquidating, Inc. (f/k/a Sentron Medical, Inc.); and GL Liquidating, Inc. (f/k/a Gregg Laboratories, Inc.).
On July 2, 2009, an order was entered approving the sale of substantially all of the Debtors' assets to an investor group led by Wynnchurch Capital, Ltd., and including Great Lakes Equity Partners. The sale closed on July 17, 2009. To view documents relating to the sale transaction, please click on the "Sale-Related Documents" tab at the left.
SL Liquidating's Bankruptcy Case
SL Liquidating's bankruptcy case is pending in the United States Bankruptcy Court for the Southern District of Ohio, Western Division (the "Bankruptcy Court"). It has been assigned to the Honorable J. Vincent Aug, Jr. The location of the Bankruptcy Court may be found by clicking on the "Contact Information" tab at the left.
Joint Plan of Liquidation and Disclosure Statement; Voting; Confirmation Hearing; Confirmation Order
On March 11, 2010, the Debtors filed with the Bankruptcy Court a First Amended Joint Plan of Liquidation (the "Plan") and a Disclosure Statement (both of which, together with certain related documents, can be viewed by clicking here), and on March 17, 2010, the Bankruptcy Court held a hearing to consider the adequacy of the proposed Disclosure Statement.
On March 19, 2010, the Bankruptcy Court entered an order, approving, among other things, the Disclosure Statement and the procedures that governed the solicitation of acceptances of the Plan (the "Solicitation Procedures Order"). Pursuant to the Solicitation Procedures Order, the Debtors’ noticing agent mailed ballots to all known creditors entitled to vote on the Plan and directed creditors to return their completed ballots on or before April 22, 2010.
On May 28, 2010 after notice and a hearing, the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order"). The Plan, the Solicitation Procedures Order and the Confirmation Order can all be accessed by clicking here.
Important Upcoming Dates
The Bankruptcy Court has scheduled an omnibus hearing on September 7, 2010 at 2:00 p.m. (prevailing Eastern Time).
For additional general information about the SL Liquidating bankruptcy proceedings, please call the SL Liquidating hotline, 1-866-850-6029 or email questions related to the bankruptcy proceedings to SL-Liquidating@gardencitygroup.com.