January 24, 2018 12:57 AM ET

Air Freight and Logistics

Company Overview of E Z Mailing Services Inc.

Company Overview

E Z Mailing Services Inc. provides courier and delivery services. The company was founded in 1989 and is based in Elizabeth, New Jersey.

699 Division Street

Elizabeth, NJ 07201

United States

Founded in 1989

Phone:

908-527-0356

Fax:

908-355-3149

Key Executives for E Z Mailing Services Inc.

E Z Mailing Services Inc. does not have any Key Executives recorded.

E Z Mailing Services Inc. Key Developments

Fifth Amended Reorganization Plan Approved for E Z Mailing Services Inc.

The US Bankruptcy Court approved the fifth amended plan of reorganization of E Z Mailing Services Inc. on December 9, 2016. The debtor has filed its amended plan in the Court on December 8, 2016. As per the amended plan, General Administrative Claims, U.S. Trustee Fees, Priority Tax Claims, Priority Claims and Professional Fee Claims will be paid in full. Crossroads DIP Loan Claim & PNC Equipment Finance Secured Claim will be paid in full in cash. Other Secured Claim, Toyota Secured Claim, Mercedes-Benz Secured Claim, BMO Harris Bank Secured Claim, Nissan Secured Claim and Crossroads Assumed Lease Claims Including Unpaid Cure Amounts Under Assumed Leases will be paid in full in installments. Forever 21 Unsecured Claims will be satisfied through issuance of promissory note of $1.80 million. General Unsecured Claims will be paid $0.40 million. Intercompany Claims and Subordinated Claims shall be expunged. Holders of Interests in the Debtors shall receive and retain their Interests in the Reorganized Debtors to the same extent held in the Debtors on the Petition Date. The plan will be funded through cash in hand, proceeds from asset sales and issuance of promissory note of $1.80 million.

Fifth Amended Reorganization Plan Filed by E Z Mailing Services Inc.

E Z Mailing Services Inc. filed the fifth modified joint plan of reorganization in the US Bankruptcy Court on December 8, 2016. As per the modified plan, there shall be no changes in the treatment of any claim class.

Fourth Amended Reorganization Plan Filed by E Z Mailing Services Inc.

E Z Mailing Services Inc. filed the fourth modified joint plan of reorganization in the US Bankruptcy Court on December 3, 2016. As per the modified plan, Toyota Secured Claim will be paid in 53 installments whereupon the claim shall be paid in full. Mercedes-Benz Secured Claim and BMO Harris Bank Secured Claim will be paid in 60 installments whereupon the claim shall be paid in full. Nissan Secured Claim will be paid in 62 installments whereupon the claim shall be paid in full. Forever 21 Unsecured Claims will be issued promissory note of $1.80 million.

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