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
  • ยง363 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


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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