Velocita Corp.

Company

• Pre-filing annual sales: $30 (millions of current dollars)
• Pre-filing assets: $811 (millions of current dollars)
• Pre-filing number of employees: 240
• Sub-industry: 48 Communications
• Place of incorporation: DE
• Court for city of headquarters: VA Alexandria
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Weil Gotshal
• Date of filing: May 30, 2002
• Judge at filing: Donald H. Steckroth
• Court district of filing: NJ
• Court city of filing: Newark
• Case number: 02-35895
• 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: July 21, 2003
• Judge at disposition: Donald H. Steckroth
• Days from filing to disposition: 417

After the case

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