Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11

Zodiac Pool Solutions Chapter 15 Petition Filed

United Kingdom-based Zodiac Pool Solutions and two affiliated Debtors filed for Chapter 15 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 14-11818. The Company, which manufactures and distributes swimming pool and spa products, is represented by Curtis Miller of Morris, Nichols, Arsht & Tunnell. According to documents filed with the Court, “The Zodiac Group’s business was severely affected by the global economic and financial crisis, which began in 2008. Even before the crisis, however, the pool equipment market in the United States had already slowed down following its peak in 2007, and the recreational boats industry experienced a similar downturn.” The Company has also filed for recognition of a Scheme of Arrangement process before the High Court of England and Wales. Zodiac Pool Solutions’ petition indicates total assets of $500 million to $1 billion.

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