Bay Financial Corporation


  • Pre-filing annual sales: $105 (millions of current dollars)
  • Pre-filing assets: $635 (millions of current dollars)
  • Pre-filing number of employees: 279
  • Sub-industry: 65 Real Estate
  • Place of incorporation: DE
  • Court for city of headquarters: MA Boston
  • In business at filing? data not available

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? creditors
  • Debtor's lead attorney: Ropes Gray
  • Date of filing: November 17, 1989
  • Judge at filing: data not available
  • Court district of filing: MA
  • Court city of filing: Boston
  • Case number: 89-13555
  • Cause of bankruptcy: Not tort
  • Forum shop? Filed at headquarters

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • ยง363 sale: no 363 sale
  • Dip loan final approval? data not available
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: March 25, 1991
  • Judge at disposition: Carol J. Kenner
  • Days from filing to disposition: 493

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

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