Product Quest Manufacturing’s Chapter 11 case was converted to Chapter 7 on October 30, 2018, placing the case on a liquidation path under the conversion order Dkt. 260. The court had previously approved asset sale procedures; the packet does not establish a subsequent sale or a dated next milestone.

Product Quest Manufacturing’s September 7, 2018 Chapter 11 case was converted to Chapter 7 on October 30, 2018, under the conversion order Dkt. 260, placing the case on a liquidation path.

The contract manufacturer entered bankruptcy with five affiliates after financial and operational problems, FDA compliance issues, product quarantines and recalls. Its Daytona facility closed in August 2018 and its Kannapolis facility closed in September, leaving a reduced workforce for wind-down operations. The first-day declaration Dkt. 13 stated that the debtors owed approximately $153,652,695.71 under their credit agreement as of the petition date, including accrued interest and fees; that amount covered part of their debt.

During Chapter 11, the court authorized interim use of cash collateral for budgeted expenses and granted lenders adequate protection in the second cash collateral order Dkt. 135. The court also approved procedures for bulk sales of inventory and other customer-specific assets Dkt. 125 and later authorized an auction and bidding procedures for certain assets in the auction order Dkt. 219. The filings do not establish a completed sale or a dated next milestone after conversion.

Product Quest Manufacturing’s Chapter 11 case was converted to Chapter 7 on October 30, 2018, placing the case on a liquidation path under the conversion order Dkt. 260. The court had previously approved asset sale procedures; the packet does not establish a subsequent sale or a dated next milestone.

Product Quest Manufacturing’s September 7, 2018 Chapter 11 case was converted to Chapter 7 on October 30, 2018, under the conversion order Dkt. 260, placing the case on a liquidation path.

The contract manufacturer entered bankruptcy with five affiliates after financial and operational problems, FDA compliance issues, product quarantines and recalls. Its Daytona facility closed in August 2018 and its Kannapolis facility closed in September, leaving a reduced workforce for wind-down operations. The first-day declaration Dkt. 13 stated that the debtors owed approximately $153,652,695.71 under their credit agreement as of the petition date, including accrued interest and fees; that amount covered part of their debt.

During Chapter 11, the court authorized interim use of cash collateral for budgeted expenses and granted lenders adequate protection in the second cash collateral order Dkt. 135. The court also approved procedures for bulk sales of inventory and other customer-specific assets Dkt. 125 and later authorized an auction and bidding procedures for certain assets in the auction order Dkt. 219. The filings do not establish a completed sale or a dated next milestone after conversion.