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Phoenix Payment Systems, Inc.
Case Number:
1:14-bk-11848
Court:
Nature of Suit:
Firms
- Ballard Spahr
- Bielli & Klauder
- Cooch & Taylor
- Debevoise & Plimpton
- Duane Morris
- Fleischer Fleischer
- Foley & Lardner
- Fox Rothschild
- Heyman Enerio
- Jackson Walker LLP
- Lowenstein Sandler
- Magnozzi & Kye
- Margolis Edelstein
- Montgomery McCracken
- Morris James
- Parkowski Guerke
- Polsinelli PC
- Reed Smith
- Richards Layton
- Shaw Fishman
- Tybout Redfearn
- White and Williams
Companies
- ASM Capital LP
- Bederson LLP
- Canon Financial Services Inc.
- Canon Inc.
- Oracle Corp.
- Phoenix Payment Systems Inc.
- QVC Inc.
- Raymond James Financial Inc.
- Rust Consulting Inc.
- The Bancorp Inc.
- The Hartford Financial Services Group Inc.
- TR Capital Management LLC
Sectors & Industries:
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August 20, 2014
Ex-CEO Says Phoenix Should Think Reorg Instead Of Sale
The former CEO and controlling stakeholder of bankrupt card transaction processor Phoenix Payment Systems Inc. took issue late Tuesday with the debtor's $50 million stalking horse sale plan, arguing that it should instead consider proposals for a reorganization plan supported by an equity infusion.
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August 05, 2014
Phoenix Gets Early OK For $5M DIP Ahead Of $50M Sale Plan
A Delaware bankruptcy judge gave card transaction processor Phoenix Payment Systems Inc. the interim OK Tuesday for a $5 million debtor-in-possession loan from prepetition lender Bancorp Bank that will help finance operations as it prepares for a proposed $50 million stalking horse sale to North American Bancard LLC.
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