Philip Services Corp. (2003)

Company

• Pre-filing annual sales: $1,807 (millions of current dollars)
• Pre-filing assets: $971 (millions of current dollars)
• Pre-filing number of employees: 8,600
• Sub-industry: 49 Electric, Gas, And Sanitary Services
• Place of incorporation: DE
• Court for city of headquarters: TX Houston
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Sonnenschein Nath
• Date of filing: June 2, 2003
• Judge at filing: Wesley W. Steen
• Court district of filing: TX SD
• Court city of filing: Houston
• Case number: 03-37718
• Cause of bankruptcy: Not tort
• Forum shop? Filed at headquarters


• 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: free fall


• Disposition status: confirmed
• Date of disposition: December 10, 2003
• Judge at disposition: Wesley W. Steen
• Days from filing to disposition: 191

After the case

• Did firm emerge? Company emerged
• Did firm refile? emerged 5 years, did not refile