Commercial Services and Supplies
Company Overview of SRC Liquidation Company
On Deember 18, 2015, SRC Liquidation Company went out of business as per its Chapter 11 liquidation filing under bankruptcy. SRC Liquidation Company is engaged in the management and execution of critical communications in the United States. The company’s Healthcare segment offers marketing communication solutions that enable healthcare customers to attract patients and new professionals, communicate with physicians and benefactors, and educate patients and consumers in managing their health; patient information solutions; and patient identification, which include patient wristbands, laboratory and pharmacy labels, as well as traditional printing and warehousing services for clinical document...
600 Albany Street
Dayton, OH 45417
Founded in 1912
Key Executives for SRC Liquidation Company
SRC Liquidation Company does not have any Key Executives recorded.
SRC Liquidation Company Key Developments
SRC Liquidation Company Files Form 15; Common Stock To Be Deleted From Other OTC
Dec 18 15
SRC Liquidation Company has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, $1.00 par value under the Securities Exchange Act of 1934, as amended. The common stock will be deleted from Other OTC, effective December 21, 2015. The deletion is due to bankruptcy plan effective/shares cancelled.
Second Amended Liquidation Plan Approved for The Standard Register Company
Nov 19 15
The US Bankruptcy Court approved the second amended plan of liquidation of SRC Liquidation Company on November 19, 2015. As per the approved plan, administrative expense claims, priority claims of $2.5 million, professional fee claims of $1.23 million and statutory fee claim of $0.08 million will be paid in full in cash. There is no allowed other secured claim as per the plan but if any, it will be paid in cash, transfer of all or any portion of the assets securing such claims, reinstate the claims in full or to make deferred cash payments having a present value on the effective date equal to the allowed amount of such claims. Second lien secured claims of $87.3 million will be entitled to receive its pro rata share of the beneficial interests in the Secured Creditor Trust. General unsecured claims of in the range of $550 to $650 million will be entitled to receive its pro rata share of the beneficial interests in the GUC Trust. Deficiency claims of second lien claims will not get any distribution under the plan. Subordinated claims will not receive any distributions on account of such claims under the plan. Equity interests in the debtors will be cancelled and the holders will not be entitled to receive any distribution or recovery on account of such equity interests. The plan will be implemented from the Secured Creditor Trust and the GUC Trust, as applicable, and funded from the assets of the estates, the wind-down amount and the taylor payment receivable.
Second Amended Liquidation Plan Filed by The Standard Register Company
Nov 11 15
SRC Liquidation Company filed second amended joint plan of liquidation in the US Bankruptcy Court on November 11, 2015. As per the plan filed, there are no changes in the treatment of claims. SRC Liquidation Company filed second amended joint plan of liquidation with technical modifications in the US Bankruptcy Court on November 18, 2015. There are no changes in the treatment of claims.
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