A Los Angeles Bankruptcy Judge has ordered that parties asserting claims against either Death Row Records or Marion "Suge" Knight must file those claims with the Bankruptcy Court presiding over the bankruptcy cases by October 31, 2006 or risk being barred from participating in the cases or from asserting claims against Death Row or Knight. Knight and Death Row filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on April 4, 2006 in Los Angeles, CA.
Chapter 11 allows a company to continue its business operations while it restructures. Death Row is being operated by a Court appointed trustee. Knight continues to manage his bankruptcy estate as a debtor in possession. Having a full understanding of the liabilities of Death Row and Knight is critical to a comprehensive reorganization. "We believe that it is vital that all parties asserting claims come forward and assert them in a timely manner so that Death Row can come out of Chapter 11 quickly," said Todd Neilson, the Death Row chapter 11 trustee.
Creditors seeking information about the case or their claims can obtain such information at the following website addresses: http://knight.pszyjw.com/ or http://deathrowrecords.pszyjw.com/ or may contact Kaye Scholer LLP, counsel for R. Todd Neilson, the Chapter 11 Trustee of Death Row; Hill Farrar and Burrill, counsel for Marion "Suge" Knight; or the Official Creditors Committee appointed in these cases through its counsel, Pachulski, Stang, Ziehl, Young, Jones, & Weintraub.
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Chapter 11 allows a company to continue its business operations while it restructures. Death Row is being operated by a Court appointed trustee. Knight continues to manage his bankruptcy estate as a debtor in possession. Having a full understanding of the liabilities of Death Row and Knight is critical to a comprehensive reorganization. "We believe that it is vital that all parties asserting claims come forward and assert them in a timely manner so that Death Row can come out of Chapter 11 quickly," said Todd Neilson, the Death Row chapter 11 trustee.
Creditors seeking information about the case or their claims can obtain such information at the following website addresses: http://knight.pszyjw.com/ or http://deathrowrecords.pszyjw.com/ or may contact Kaye Scholer LLP, counsel for R. Todd Neilson, the Chapter 11 Trustee of Death Row; Hill Farrar and Burrill, counsel for Marion "Suge" Knight; or the Official Creditors Committee appointed in these cases through its counsel, Pachulski, Stang, Ziehl, Young, Jones, & Weintraub.
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