On August 6, 2022, OSG Group Holdings, Inc., which provides transactional, marketing, and payment solutions to various industries, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10718).  The company also filed a prepackaged plan of reorganization.  Under the plan, OSG’s secured debt and unsecured notes would receive a combination of new and refinanced debt and substantially all reorganized equity, while unsecured claims would receive payment in full or be reinstated.  The company reports $500 million to $1 billion in assets and $1 to $10 billion in liabilities.

Cole Schotz does not represent the Debtors in these cases.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.