Automotive Professionals, Inc.
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Estate Closed
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| Conservation Date: | March 2, 2007 |
| Claims Filing Deadline: | N/A |
| Contingent Claims Filing Deadline: | N/A |
| Estate Closed: | June 5, 2008 |
| Docket Number: | 07CH05829 |
| Additional Links: | |
Receivership Orders |
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| Historical Data: | |
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On March 2, 2007, Automotive Professionals, Inc., and its successor in interest, API
Creditors Trust were placed under an Order of
Conservation by the Circuit Court of Cook County, Illinois. Michael T. McRaith, Director of Insurance of the State of Illinois was affirmed as
statutory Conservator, and was directed to ascertain the condition of the
Defendants. On March 6, 2007, an Agreed Order vacating sequestration of
the conservation was approved by the Supervising Court. On April 4, 2007, the Director filed a Verified Complaint for Rehabilitation against the Defendants. On April 13, 2007, API filed a Voluntary Petition for Bankruptcy in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division (“Bankruptcy Court”), case number 07-06720. The Director opposed API’s bankruptcy petition by filing a motion to dismiss before the Bankruptcy Court. On June 12, 2007, the Bankruptcy Court denied the Director’s motion to dismiss, and ruled that API was an eligible debtor for purposes of the United States Bankruptcy Code. Frances Gecker was appointed as the Chapter 11 trustee in the bankruptcy case. The contact information for API’s trustee is as follows: Frances Gecker Frank/Gecker LLP 325 North LaSalle St, Suite 625 Chicago, IL 60610 (312) 276-1431 www.apibankruptcy.com On June 5, 2008 the conservation proceeding, which had been subject to a stay order entered by the bankruptcy court, was dismissed. Last updated July 2009. |
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