Philip Services Corp. (1999)

Company

• Pre-filing annual sales: $3,573 (millions of current dollars)
• Pre-filing assets: $2,050 (millions of current dollars)
• Pre-filing number of employees: 13,000
• Sub-industry: 49 Electric, Gas, And Sanitary Services
• Place of incorporation: Canada
• Court for city of headquarters: Outside United States
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Skadden Arps
• Date of filing: June 25, 1999
• Judge at filing: data not available
• Court district of filing: DE
• Court city of filing: Wilmington
• Case number: 99-2385
• Cause of bankruptcy: Fraud
• 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? yes
• Plan type: prenegotiated


• Disposition status: confirmed
• Date of disposition: November 30, 1999
• Judge at disposition: Mary F. Walrath
• Days from filing to disposition: 158

After the case

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