February 01, 2017
Law firms and financial advisers who worked on the Chapter 11 case of cryogenics company Taylor-Wharton International LLC will collect $4 million in fees and expenses after a Delaware judge approved their final applications Tuesday.
September 20, 2016
A Delaware bankruptcy judge gave Taylor-Wharton International LLC the nod Tuesday for its Chapter 11 liquidation plan that aims to divvy up the more than $30 million the cryogenics company has raised in various asset sales since seeking court protection nearly a year ago.
September 13, 2016
Taylor-Wharton International cannot escape its California sales and use taxes through its own lack of paperwork, the state told a Delaware bankruptcy judge Monday, claiming the state board made a reasonable tax assessment based on a prior audit.
February 03, 2016
Taylor-Wharton International asked a Delaware bankruptcy judge on Wednesday to extend until June the period in which the cryogenic tank maker can exclusively file a reorganization plan, saying the company's restructuring could be undermined if creditors are allowed to file a competing strategy.
January 12, 2016
Specialty tank-maker Taylor-Wharton International got a Delaware bankruptcy court go-ahead Tuesday to retain Nixon Peabody LLP as a personal injury and liability claim adviser, overcoming objections about needless Chapter 11 expense.
January 08, 2016
Cryogenic tank manufacturer Taylor-Wharton International on Friday in Delaware bankruptcy court defended its bid to retain Nixon Peabody LLP following an objection from unsecured creditors, saying the firm is needed to defend product liability lawsuits brought against units that are not in Chapter 11.
November 16, 2015
A plan to pay about $513,000 to 24 key employees during Taylor-Wharton International LLC's ongoing bankruptcy appears unjustified, unclear and could merely reward workers for "sticking around," unsecured creditors said in Delaware on Friday.
October 29, 2015
A Delaware bankruptcy judge on Thursday approved cryogenics company Taylor-Wharton International LLC's plan for a stalking horse sale with a $24 million floor bid, paving the way for an auction in mid-November.
October 27, 2015
Taylor-Wharton International LLC asked the Delaware bankruptcy court on Tuesday to grant its debtor-in-possession financing package despite creditors calling it "egregious" because the financing is necessary to insure the cryogenics company's continued operation and sale.
October 26, 2015
The unsecured creditors committee in Taylor-Wharton International LLC's Chapter 11 took aim Monday at what it called the cryogenics company's "egregious" debtor-in-possession financing package, including a $13 million bankruptcy loan designed to "squeeze every cent" from the company and push through a quick sale process.