Young Conaway acted as lead counsel to Indalex Holdings Finance, Inc. and certain of its affiliates in its chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors were the second largest aluminum extruder and the largest independent extruder, in the United States and Canada. With the assistance of Young Conaway, the Debtors successfully sold substantially all of their assets in a 363 sale.
American Fibers and Yarns Company
Young Conway acted as lead counsel to American Fibre & Yarns and certain of its subsidiaries, the largest supplier of solution-dyed Polypropylene filament yarns, in their chapter 11 case in the United States Bankruptcy Court for the District of Delaware. With the assistance of Young Conaway, the Debtors received approval for the sale substantially all of their assets to Maynards Industries (1991) Inc. for a purchase price of $1,550,000.
In re Monarch Holdings, Inc.
American Home Mortgage Holdings Inc.
Young Conaway served as lead counsel to American Home Mortgage Holdings, Inc. and certain of its affiliates, in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. Prior to the bankruptcy filing, the Debtors had engaged in the origination of residential mortgage loans through their retail business and their indirect business. The Debtors' intention was to sell many of the loans they originated, either by transfer into securitization transactions or through whole loan sales to institutional purchasers. With Young Conaway's guidance, the Debtors successfully confirmed their chapter 11 plan of liquidation and emerged from bankrutpcy protection in 2010.