Lomas Financial Corp. (1989)

Company

• Pre-filing annual sales: $765 (millions of current dollars)
• Pre-filing assets: $9,796 (millions of current dollars)
• Pre-filing number of employees: 4,016
• Sub-industry: 61 Non-depository Credit Institutions
• Place of incorporation: DE
• Court for city of headquarters: TX Dallas
• In business at filing? emerged

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Davis Polk
• Date of filing: September 24, 1989
• Judge at filing: data not available
• Court district of filing: NY SD
• Court city of filing: New York
• Case number: 89-12471
• 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: December 30, 1991
• Judge at disposition: Burton R. Lifland
• Days from filing to disposition: 827

After the case

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