The brinkmann corporation private company information – bloomberg grade 9 static electricity quiz

On August 22, 2017, The Brinkmann Corporation went out of business as per its Chapter 11 liquidation filing under bankruptcy. The Brinkmann Corporation manufactures and sells outdoor leisure products and sporting goods. The company offers camping, hunting, boating, and remington gear equipment; flashlights and spotlights products, including fishing lights, flashlights, headlamps, lanterns, marine spotlights, and spotlights; home and garden products; landscape lighting products, including home security, low voltage lights, and solar lights; outdoor cooking products, including camping stoves, charcoal smokers and grills, and gas grills; and pet products. It also offers outdoor cooking accessor…

On August 22, 2017, The Brinkmann Corporation went out of business as per its Chapter 11 liquidation filing under bankruptcy. The Brinkmann Corporation manufactures and sells outdoor leisure products and sporting goods. The company offers camping, hunting, boating, and remington gear equipment; flashlights and spotlights products, including fishing lights, flashlights, headlamps, lanterns, marine spotlights, and spotlights; home and garden products; landscape lighting products, including home security, low voltage lights, and solar lights; outdoor cooking products, including camping stoves, charcoal smokers and grills, and gas grills; and pet products. It also offers outdoor cooking accessories, grill covers, natural gas conversion units, and rotisseries. The company offers its products online. The company was founded in 1975 and is based in Dallas, Texas.

The US Bankruptcy Court approved the plan of liquidation of Malibu Lighting Corporation on July 28, 2017. The debtor has filed its plan in the Court on May 19, 2017. As per the plan filed, Administrative Expenses shall be paid in full in cash. Priority Tax Claims of $0.24 million shall be paid in full in cash. Tooling Claims shall receive either the treatment as a secured creditor and retention of the tooling/equipment in its possession in full and complete satisfaction, or treatment as a general unsecured creditor and will return all tooling/equipment in its possession to the debtors and transfer of all right, title and interest as a condition to receiving any distribution. JBBI Secured Claims of $14.36 million shall be cancelled. General Unsecured Claims consist of class A claims of $10 million with a recovery of 50.30% amounting to $5.03 million, Class B claims of $4.80 million with a recovery of 7.10% amounting to $0.34 million and Class C claims of $2.60 million. General Unsecured Claims shall receive their pro-rata share of the Liquidation Trust Interests. Equity Interests and Subsidiary Equity Interests shall not receive any distribution and shall be cancelled. The funding for the Plan will be provided for pursuant to the terms of the Global Settlement Agreement. The proceeds from the Global Settlement shall be deposited into an account maintained by the Liquidation Trust and, along with any Cash and other assets belonging to the Estates as of the Effective Date, shall be used to satisfy all Allowed Claims in accordance with the terms of this Plan.

Malibu Lighting Corporation filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on May 19, 2017. As per the plan filed, Administrative Expenses shall be paid in full in cash. Priority Tax Claims of $0.24 million shall be paid in full in cash. Tooling Claims shall receive either the treatment as a secured creditor and retention of the tooling/equipment in its possession in full and complete satisfaction, or treatment as a general unsecured creditor and will return all tooling/equipment in its possession to the debtors and transfer of all right, title and interest as a condition to receiving any distribution. JBBI Secured Claims of $14.36 million shall be cancelled. General Unsecured Claims consist of class A claims of $10 million with a recovery of 50.30% amounting to $5.03 million, Class B claims of $4.80 million with a recovery of 7.10% amounting to $0.34 million and Class C claims of $2.60 million. General Unsecured Claims shall receive their pro-rata share of the Liquidation Trust Interests. Equity Interests and Subsidiary Equity Interests shall not receive any distribution and shall be cancelled. The funding for the Plan will be provided for pursuant to the terms of the Global Settlement Agreement. The proceeds from the Global Settlement shall be deposited into an account maintained by the Liquidation Trust and, along with any Cash and other assets belonging to the Estates as of the Effective Date, shall be used to satisfy all Allowed Claims in accordance with the terms of this Plan. The debtor filed a revised liquidation plan and related disclosure statement in the Court on June 14, 2017. As per the plan, there is no changes in treatment of various claimant classes. The debtor filed a modified liquidation plan in the Court on July 25, 2017. The treatment of all classes of claims remains unchanged.