US Trustee Says Outer Harbor's Case Approaching Insolvency

Law360, Wilmington (July 14, 2017, 6:24 PM EDT) -- The federal bankruptcy watchdog asked a Delaware judge Friday to convert the Chapter 11 case of port operator Outer Harbor Terminal LLC to a Chapter 7 liquidation, saying the company is no longer operating and has no hopes of resuming its business.

In the motion, trustee's representative Benjamin Hackman said Outer Harbor has sold its assets and terminated its contracts with the Port of Oakland but is still incurring administrative expenses without any source of revenue, leading to a diminution of the estate and the foreclosure...
To view the full article, register now.




Case Information

Case Title

Outer Harbor Terminal, LLC

Case Number




Nature of Suit

Date Filed

February 1, 2016

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.