Horizon Technology Finance, Inc. and Horizon Credit I LLC, the secured creditors, filed a motion in the US Bankruptcy Court seeking the conversion of Cereplast, Inc.'s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on February 14, 2014. Horizon seeks conversion because the debtor is not actively operating its business and because of debtor's failure to comply with the deficiency notices issued by the Court.
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0.033 USD | +94.12% | -10.81% | +288.24% |
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+29.92% | 592M |
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- Motion for Case Conversion Filed by Horizon Technology Finance, Inc. and Horizon Credit I LLC for Cereplast, Inc.