When did Sentinel file for bankruptcy?
August 17, 2007, in the United States Bankruptcy Court for the Northern District of Illinois Eastern Division.
Who is the Judge?
The Honorable John H. Squires
What is the Committee?
Pursuant to the Bankruptcy Code, the United States Trustee ("UST") is authorized to appoint a committee of creditors holding unsecured claims as soon as practicable after the filing of a case. Generally, a creditors' committee is a group (typically seven) of general unsecured creditors appointed to represent, in a fiduciary capacity, the interests of all general unsecured creditors. In such role, creditors' committees act to protect and promote the interests of general unsecured creditors by, among other things, monitoring a debtor's business operations, investigating its business and financial affairs, and negotiating the terms of a plan of reorganization. The overarching goal of a creditors' committees is to maximize value for general unsecured creditors.
What is the Committee’s Role in the Sentinel Case?
Pursuant to the Bankruptcy Code, the Committee may: (1) consult with the trustee or debtor in possession concerning the administration of the cases; (2) investigate the acts, conduct, assets, liabilities, and financial condition of the debtor, the operation or the debtor's business and the desirability of the continuance of such business, and any other matter relevant to the case or to the formulation of a plan; (3) participate in the formulation of a plan, advise those represented by such committee of such committee's determinations as to any plan formulated, and collect and file with the court acceptances or rejections of a plan; (4) request the appointment of a trustee of examiner under section 1104 of the Bankruptcy Code; and (5) perform such other services as are in the interest of those represented.
Who are the members of the Committee?
- Discus Master Ltd.
- CraigMuir Chambers
- Jump Trading
- Penson GHCO
- Rotchford Barker
- JEM Commodity Relative Value Fund LP
- Vision Financial Markets LLC
- BC Capital Fund A, LLC
- Kottke Associates LLC
- FC Stone LLC
Who represents the Committee?
The Committee is represented by Quinn Emanuel Urquhart Oliver & Hedges LLP and DLA Piper US LLP
Does the Committee represent individual creditors?
No. The Committee represents the interests of all unsecured creditors. Neither the Committee nor its counsel represent individual creditors that may have claims in the Sentinel case.
Who is the United States Trustee?
William T. Neary is the United States Trustee and the attorneys for the US Trustee are
Gretchen Silver, Attorney
Office of the United States Trustee
227 West Monroe St.
Suite 3350
Chicago, IL 60606
Direct Phone: (312) 886-5785
Direct Fax: (312) 886-5794
E-Mail: gretchen.silver@usdoj.gov
Roman Sukley, Attorney
Office of the United States Trustee
227 West Monroe St
Suite 3350 Chicago, IL 60606
Phone: (312) 886-3324
What role does the United States Trustee Play?
The United States Trustee Program is a part of the Department of Justice responsible for overseeing the administration of bankruptcy cases. For further details on the United States Trustee's role, please visit the web page for the UST at www.usdoj.gov/ust/r02/index.htm
Do I need to file a proof of claim?
If you feel that you are owed money you must file a proof of claim form by the deadline of March 4, 2008. The form may be downloaded by accessing the Court’s website.
Where are proofs of claim to be submitted?
United States Bankruptcy Court
Eastern Division
Clerk’s Office
219 S. Dearborn
7 th Floor
Chicago, IL 60604
What is the deadline for filing proofs of claims?
The general deadline for filing proofs of claims is March 4, 2008 for all creditors except governmental entities and parties whose claims arise out of a rejection of an executory contract or unexpired lease. To view the order that sets the deadlines for filing proofs of claims, please click here.
Have any Chapter 11 Plan(s) or Disclosure Statement(s) been filed in this case?
The Debtor did not file a Plan or Disclosure Statement in this case. On August 25, 2008 the Committee filed its Second Modified Chapter 11 Plan. To view the most recent filed Plan, click here. On June 18, 2008 the Committee filed its Disclosure Statement. To view the most recent filed Disclosure Statement, click here.
How long will the Sentinel bankruptcy take?
There is no specific time estimate for the Sentinel bankruptcy case. Large Chapter 11 cases can take several months and in some cases years to conclude.
How do I get responses to specific questions?
Please call 1-631-470-5000 or
e-mail sentinelcommittee@gardencitygroup.com
