
Sungard AS New Holdings, LLC
Case No. 22-90018
Case Background
On April 11, 2022, Sungard AS New Holdings, LLC and 11 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (Houston Division). The cases are pending before the Honorable David R. Jones and are jointly administered under Case No. 22-90018.
On April 11, 2022, Debtor Sungard Availability Services (Canada) Ltd./Sungard, Services de Continuite des Affaires (Canada) Ltee commenced recognition proceedings under the Companies' Creditors Arrangement Act (the “CCAA”) in the Ontario Superior Court of Justice in Toronto, Canada. Information regarding the CCAA proceedings is available at https://www.alvarezandmarsal.com/SungardASCanada.
Important Information & Dates
Deadline to File Claims
The Bankruptcy Court has set the following deadlines for filing proofs of claim:
- General Bar Date: June 22, 2022
- Governmental Bar Date: October 10, 2022
Click on "Submit a Claim" above to download the applicable proof of claim form and for more information regarding filing a claim against the Debtors.
Sale
On May 11, 2022, the Bankruptcy Court entered an order approving the bidding procedures in connection with the sale of all or substantially all of the Debtors' assets.
Please take note of the following important dates related to the sale:
- Sale & Cure Objection Deadline: June 21, 2022 at 4:00 p.m. (prevailing Central Time)
- Deadline for Required Consenting Stakeholders to have provided the Reserve Price: June 21, 2022 at 4:00 p.m. (prevailing Central Time)
- Final Bid Deadline: July 7, 2022 at 12:00 p.m. (prevailing Central Time)
- Auction (if required): July 11, 2022 at 10:00 a.m. (prevailing Eastern Time)
- Adequate Assurance Objections Deadline: July 13, 2022 at 12:00 p.m. (prevailing Central Time)
- Proposed Sale Hearing: July 14, 2022, at 3:00 p.m. (prevailing Central Time)
Please click below to view all documents related to the sale:
Section 341 Meeting of Creditors
In accordance with Section 341 of the Bankruptcy Code, a meeting of the Debtors' creditors is scheduled for May 12, 2022 at 2:00 p.m. (prevailing Central Time). Parties wishing to participate must do so telephonically using the number 866-707-5468 and entering the participant passcode 6166997#.
The debtors’ representative must attend the meeting to be questioned under oath. Creditors may attend, but are not required to do so.
First Day Hearing
A hearing on the Debtors' First Day Motions was held on April 12, 2022 at 8:00 a.m. (prevailing Central Time) before the Honorable David R. Jones, United States Bankruptcy Court for the Southern District of Texas, Courtroom 400, 4th Floor, 515 Rusk Avenue, Houston, TX 77002.
A final hearing on certain of the First Day Motions will be held on May 11, 2022, at 10:30 a.m. (previaling Central Time). Participation at the hearing will be permitted by in-person or remote.
Please click below to view and download the Debtors' First Day Motions and Orders:
Dates
Parties
Debtors' Counsel
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Akin Gump Strauss Hauer & Feld LLP (New York)
One Bryant Park
New York, NY 10036
https://www.akingump.com/en/
Phone: 212.872.1000
Fax: 212.872.1002
Philip C. Dublin
Meredith A. Lahaie
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Akin Gump Strauss Hauer & Feld LLP (Texas)
2300 N. Field Street, Suite 1800
Dallas, TX 75201
https://www.akingump.com/en/
Phone: 214.969.2800
Fax: 214.969.4343
Marty L. Brimmage, Jr.
Lacy M. Lawrence
Zach D. Lanier
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Jackson Walker L.L.P
1401 McKinney Street, Suite 1900
Houston, TX 77010
https://www.jw.com/
Phone: 713.752.4200
Fax: 713.752.4221
Matthew D. Cavenaugh
Jennifer F. Wertz
Rebecca Blake Chaikin
United States Trustee and Court Information
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United States Bankruptcy Court, Southern District of Texas
United States Courthouse
515 Rusk Avenue
Houston, TX 77002
https://www.txs.uscourts.gov/offices/houston-division
Phone: 713.250.5500
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Office of The United States Trustee
515 Rusk Street
Suite 3516
Houston, TX 77002
https://www.justice.gov/ust-regions-r07
Phone: 713.718.4650
Fax: 713.718.4670
Stephen Douglas Statham
Jana Smith Whitworth
Debtors
Case Number | Debtor Name | Petition Date |
---|---|---|
Case Number 22-90018 | Debtor Name Sungard AS New Holdings, LLC | Petition Date April 11, 2022 |
Case Number 22-90017 | Debtor Name Sungard Availability Services, LP | Petition Date April 11, 2022 |
Case Number 22-90019 | Debtor Name Sungard Availability Services (Canada) Ltd. | Petition Date April 11, 2022 |
Case Number 22-90020 | Debtor Name Sungard Availability Services Holdings (Canada), Inc. | Petition Date April 11, 2022 |
Case Number 22-90021 | Debtor Name InFlow LLC | Petition Date April 11, 2022 |
Case Number 22-90022 | Debtor Name Sungard AS New Holdings III, LLC | Petition Date April 11, 2022 |
Case Number 22-90023 | Debtor Name Sungard Availability Network Solutions Inc. | Petition Date April 11, 2022 |
Case Number 22-90024 | Debtor Name Sungard AS New Holdings II, LLC | Petition Date April 11, 2022 |
Case Number 22-90025 | Debtor Name Sungard Availability Services Holdings (Europe), Inc. | Petition Date April 11, 2022 |
Case Number 22-90026 | Debtor Name Sungard Availability Services Holdings, LLC | Petition Date April 11, 2022 |
Case Number 22-90027 | Debtor Name Sungard Availability Services Technology, LLC | Petition Date April 11, 2022 |
Case Number 22-90028 | Debtor Name Sungard Availability Services, Ltd. | Petition Date April 11, 2022 |