JC Flowers-Controlled Funds Convert Ch. 7 To Ch. 11

Law360, New York (January 22, 2010, 3:45 PM EST) -- Three investment funds managed by J.C. Flowers & Co. LLC succeeded on Friday in having their involuntary Chapter 7 cases converted to a Chapter 11 case, a day after six more related funds filed for bankruptcy.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware granted the debtors' motion to convert the cases for HSH Delaware LP, HSH Luxembourg SARL and HSH Luxembourg Coinvest SARL at a hearing Friday, according to an attorney for the debtors.

The other six funds filed...
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