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Simplexity, LLC

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Case overview

Case Number:

1:14-bk-10569

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 06, 2017

    Simplexity Ch. 7 Suit Against Versa, Officers Goes Ahead

    A liquidation trustee for defunct cellphone activator Simplexity LLC on Thursday won the green light to move ahead with a Delaware bankruptcy court lawsuit against the company's former officers and managers for alleged corporate duty failures leading to the business's Chapter 7.

  2. January 07, 2015

    Simplexity Converts To Ch. 7 After Creditor Deal Gets OK

    A Delaware bankruptcy judge ordered that cellphone activator Simplexity LLC's Chapter 11 be converted to a Chapter 7 on Wednesday, weeks after he approved a settlement struck among the estate, creditors committee and senior lender Fifth Third Bank that paves the way for a litigation trust for creditor recoveries.

  3. December 09, 2014

    US Trustee Rips Simplexity's 'A La Carte' Bankruptcy Deal

    The federal bankruptcy watchdog took issue Tuesday with a settlement struck among the estate of cellphone activator Simplexity LLC, its creditors committee, and senior lender Fifth Third Bank, arguing it violates the Chapter 11 payment priority and urging the court to immediately convert the case to a Chapter 7 proceeding.

  4. October 24, 2014

    Fifth Third Can't Convert Simplexity Case To Ch. 7, For Now

    A Delaware bankruptcy judge on Thursday denied a second bid by Fifth Third Bank to convert the case of cellphone activator Simplexity LLC to Chapter 7, but he said he would grant the senior lender's request if the parties can't hammer out a Chapter 11 plan by December.

  5. October 09, 2014

    Fifth Third Bashed For Simplexity Ch. 7 Conversion Bid

    Simplexity LLC's unsecured creditors urged a Delaware bankruptcy judge on Thursday to reject a second motion by senior lender Fifth Third Bank to convert the cellphone activator's case to Chapter 7, contending the bank is simply trying avoid litigation.

  6. September 26, 2014

    Fifth Third Takes 2nd Shot At Moving Simplexity To Ch. 7

    Fifth Third Bank on Thursday again urged a Delaware bankruptcy judge to convert the Chapter 11 case of cellphone activator Simplexity LLC, saying the reasons for rejecting its previous bid no longer apply while the need for a move to Chapter 7 has grown.

  7. September 05, 2014

    FTB Says Simplexity Creditors Rushing Lien Challenge

    Fifth Third Bank on Friday blasted a request from the creditors committee in the bankruptcy case for defunct cellphone activator Simplexity LLC to fast-track its bid to lodge a challenge to the bank's post-petition liens, arguing unsecured creditors are just trying to control the terms of any potential settlement.

  8. June 04, 2014

    Simplexity Beats Fifth Third Bid For Ch. 7 Conversion

    A Delaware bankruptcy judge on Wednesday ruled insolvent cellphone activator Simplexity LLC can remain in Chapter 11, denying a bid by senior lender Fifth Third Bank to convert the company's case to Chapter 7.

  9. June 02, 2014

    Simplexity Says Fifth Third Bid To Force Ch. 7 Falls Short

    Bankrupt cellphone activator Simplexity LLC, which sold most of its assets to Wal-Mart, and its creditors committee on Monday pushed back against a request by senior lender Fifth Third Bank to convert the case to a Chapter 7, arguing the move is an attempt to scuttle potential causes of action against the bank.

  10. April 30, 2014

    Simplexity Gets Thumbs-Up For $10M Sale To Wal-Mart

    A Delaware bankruptcy judge gave private equity-owned cellphone activator Simplexity LLC the nod on Wednesday for its $10 million asset sale to retail giant Wal-Mart Stores Inc., after the debtor resolved objections from Microsoft Corp. over the fate of its software licenses in some of the property for sale.

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