Bankrupt Birdsall Seeks Liquidation Under Ch. 7

Law360, New York (July 11, 2013, 1:59 PM EDT) -- Bankrupt engineering firm Birdsall Services Group Inc., which recently pled guilty to criminal charges that it masked corporate campaign contributions to be eligible for government contracts, asked the New Jersey bankruptcy court Wednesday to convert from Chapter 11 to Chapter 7.

Birdsall’s court-appointed trustee Edwin H. Stier filed a motion seeking an order to convert the company's Chapter 11 bankruptcy reorganization to Chapter 7 to allow for liquidation, saying the $5.6 million sale of Birdsall’s assets to California engineering firm Partner Assessment Corp. closed on June...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.