RAIT Financial Trust

Company

• Pre-filing annual sales: $57 (millions of current dollars)
• Pre-filing assets: $849 (millions of current dollars)
• Pre-filing number of employees: 25
• Sub-industry: 67 Holding And Other Investment Offices
• Place of incorporation: MD
• Court for city of headquarters: PA Philadelphia
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Drinker Biddle
• Date of filing: August 30, 2019
• Judge at filing: Brendan L. Shannon
• Court district of filing: DE
• Court city of filing: Wilmington
• Case number: 19-11915
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


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


• Disposition status: confirmed
• Date of disposition: January 30, 2020
• Judge at disposition: Brendan L. Shannon
• Days from filing to disposition: 153

After the case

• Did firm emerge? company did not emerge
• Did firm refile? not emerged 5 years