Southmark Corp.

Company

• Pre-filing annual sales: $1,949 (millions of current dollars)
• Pre-filing assets: $11,904 (millions of current dollars)
• Pre-filing number of employees: 4,849
• Sub-industry: 65 Real Estate
• Place of incorporation: GA
• 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: Thompson Knight
• Date of filing: July 13, 1989
• Judge at filing: data not available
• Court district of filing: GA ND
• Court city of filing: Atlanta
• Case number: 89-31056
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


• Case transferred? yes
• Destination court of transfer: Dallas
• 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: July 23, 1990
• Judge at disposition: Steven A. Felsenthal
• Days from filing to disposition: 375

After the case

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