MPC Computers Fights Gateway To Stave Off Ch. 7

By James Armstrong

Law360, New York (March 12, 2010, 7:04 PM ET) -- Bankrupt MPC Computers LLC has objected to Gateway Inc.'s move to force it into Chapter 7 liquidation so Gateway can collect on the more than $15.9 million it is owed by various MPC entities.

MPC on Thursday told the U.S. Bankruptcy Court for the District of Delaware that it should be allowed to liquidate in Chapter 11 to ensure an orderly winding down of its operations.

Gateway has characterized some of the administrative expenses related to Chapter 11 liquidation as needless. As there is no hope...
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