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

Plan & Disclosure Statement

On June 3, 2022, the Debtors filed their Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization. The Bankruptcy Court will hold a hearing to consider conditional approval of the Disclosure Statement on July 13, 2022 at 2:30 p.m. (prevailing Central Time) in Courtroom 400, 4th Floor, 515 Rusk Street, Houston, TX 77002. You may participate in the hearing either in person or by an audio and video connection.

Audio communication will be by use of the Court’s dial-in facility. You may access the facility at 832- 917-1510. Once connected, you will be asked to enter the conference room number. Judge Jones’s conference room number is 205691. Video communication will be by use of the GoToMeeting platform. Connect via the free GoToMeeting application or click the link on Judge Jones’s home page. The meeting code is “JudgeJones”. Click the settings icon in the upper right corner and enter your name under the personal information setting.

Please click below to view and download all documents related to the Plan and Disclosure Statement:

Plan & Disclosure Statement

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 27, 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:

 Sale Documents

Section 341 Meeting of Creditors

In accordance with Section 341 of the Bankruptcy Code, a meeting of the Debtors' creditors was held on May 12, 2022 at 2:00 p.m. (prevailing Central Time). 

First Day Hearing

A hearing on the Debtors' First Day Motions was held on April 12, 2022, and a final hearing on certain of the First Day Motions was held on May 11, 2022, 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. 

Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders


Parties

Debtors' Counsel

  • 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

  • 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

  • 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

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