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New Way Machine Components, Inc.

COURT
Pennsylvania Eastern Bankruptcy Court
CASE NUMBER
2:2024bk11362
TYPE / CHAPTER
Voluntary / 11V

Filed

4-22-24

Updated

4-23-24

Last Checked

5-16-24

Assets

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Liabilities

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Docket

Last Updated
Apr 30, 2024
Last Entry Filed
Apr 28, 2024

Docket Entries by Day

There are 6 older docket entries.

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Apr 22 7 Chapter 11 or Chapter 9 Cases Non-Individual: List of Creditors Who Have 20 Largest Unsecured Claims Against You and Are Not Insiders. Filed by ARIS J. KARALIS on behalf of New Way Machine Components, Inc.. (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 Receipt of Voluntary Petition (Chapter 11)( 24-11362) [misc,volp11a] (1738.00) Filing Fee. Receipt number A25675777. Fee Amount $1738.00. (re: Doc# 1) (U.S. Treasury) (Entered: 04/22/2024)
Apr 22 8 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for an Order Pursuant to 11 U.S.C. Section 363(c) and Fed. R. Bankr. P. 4001 Authorizing Debtor to Use Cash Collateral and Provide Adequate Protection Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Counsel). (Attachments: # 1 Exhibit A # 2 Proposed Order (Interim)) (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 9 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for an Order (A) Authorizing the Debtor to Pay Certain Pre-Petition (I) Wages, Salaries, and Other Compensation and (II) Reimbursable Employee Expenses; (B) Confirming that the Debtor May Continue Pre-Petition Employee Programs in the Ordinary Course of Business; and (c) Directing Banks and Other Financial Institutions to Honor All Related Checks and Electronic Payment Requests Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Counsel). (Attachments: # 1 Proposed Order) (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 10 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for Entry of an Order Providing Utility Companies with Adequate Assurance of Payment Pursuant to 11 U.S.C. Section 366 Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Counsel). (Attachments: # 1 Exhibit A # 2 Proposed Order) (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 11 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for Entry of an Order Authorizing the Debtor to (A) Maintain and Use Existing Bank Accounts, (B) Maintain Existing Business Forms and (C) Granting Related Relief Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Counsel). (Attachments: # 1 Proposed Order) (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 12 Motion to Expedite Hearing (related documents Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions) (a) Motion of Debtor for an Order Pursuant to 11 U.S.C. § 363(c) and Fed. R. Bankr. P. 4001 Authorizing Debtor to Use Cash Collateral and Provide Adequate Protection; (b) Motion of Debtor for an Order (A) Authorizing the Debtor to Pay Certain Pre-Petition (I) Wages, Salaries, and Other Compensation and (II) Reimbursable Employee Expenses; (B) Confirming that the Debtor may Continue Pre-Petition Employee Programs in the Ordinary Course of Business; and (C) Directing Banks and Other Financial Institutions to Honor all Related Checks and Electronic Payment Requests; (c) Motion of Debtor for Entry of an Order Providing Utility Companies with Adequate Assurance of Payment Pursuant to 11 U.S.C. § 366; and (d) Motion of Debtor for an Order Authorizing and Approving Maintenance and Use of Existing Bank Accounts and Use of Existing Books, Records, and Business Forms Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Counsel) (related document(s)11, 8, 10, 9). (Attachments: # 1 Exhibit A # 2 Proposed Order) (KARALIS, ARIS) (Entered: 04/22/2024)
Apr 22 13 Order Granting Motion to Expedite Hearing (related documents Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions, Motion Re: Chapter 11 First Day Motions) (a) Motion of Debtor for an Order Pursuant to 11 U.S.C. § 363(c) and Fed. R. Bankr. P. 4001 Authorizing Debtor to Use Cash Collateral and Provide Adequate Protection; (b) Motion of Debtor for an Order (A) Authorizing the Debtor to Pay Certain Pre-Petition (I) Wages, Salaries, and Other Compensation and (II) Reimbursable Employee Expenses; (B) Confirming that the Debtor may Continue Pre-Petition Employee Programs in the Ordinary Course of Business; and (C) Directing Banks and Other Financial Institutions to Honor all Related Checks and Electronic Payment Requests; (c) Motion of Debtor for Entry of an Order Providing Utility Companies with Adequate Assurance of Payment Pursuant to 11 U.S.C. § 366; and (d) Motion of Debtor for an Order Authorizing and Approving Maintenance and Use of Existing Bank Accounts and Use of Existing Books, Records, and Business Forms Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS (Related Doc # 12) in re: (8, 9, 10, 11 ) Hearing scheduled 4/24/2024 at 12:30 PM at Courtroom #4. (B., Keith) (Entered: 04/22/2024)
Apr 22 14 Order Entered the debtor having failed to file or submit with the petition all of the documents required by Fed. R. Bankr.P.1007, It is hereby ORDERED that this case MAY BE DISMISSED WITHOUT FURTHER NOTICE if the documents listed are not filed by deadlines listed. Any request for an extension of time must be filed prior to the expiration of the deadlines listed. Atty Disclosure Statement due 5/6/2024. Schedule A/B due 5/6/2024. Schedule D due 5/6/2024. Schedule E/F due 5/6/2024. Schedule G due 5/6/2024. Schedule H due 5/6/2024. Statement of Financial Affairs due 5/6/2024. Summary of Assets and Liabilities due 5/6/2024. (B., Keith) (Entered: 04/22/2024)
Apr 22 15 Notice of (related document(s): 8 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for an Order Pursuant to 11 U.S.C. Section 363(c) and Fed. R. Bankr. P. 4001 Authorizing Debtor to Use Cash Collateral and Provide Adequate Protection, 9 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for an Order (A) Authorizing the Debtor to Pay Certain Pre-Petition (I) Wages, Salaries, and Other Compensation and (II) Reimbursable Employee Expenses; (B) Confirming that the Debtor M, 10 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for Entry of an Order Providing Utility Companies with Adequate Assurance of Payment Pursuant to 11 U.S.C. Section 366, 11 Motion Regarding Chapter 11 First Day Motions Motion of Debtor for Entry of an Order Authorizing the Debtor to (A) Maintain and Use Existing Bank Accounts, (B) Maintain Existing Business Forms and (C) Granting Related Relief) Filed by New Way Machine Components, Inc.. Hearing scheduled 4/24/2024 at 12:30 PM at Courtroom #4. (GREENBAUM, ROBERT) (Entered: 04/22/2024)
Show 10 more entries
Apr 24 26 Proposed Order Re: Motion of Debtor for Entry of an Order Authorizing the Debtor to (A) Maintain and Use Existing Bank Accounts, (B) Maintain Existing Business Forms and (C) Granting Related Relief Filed by ARIS J. KARALIS on behalf of New Way Machine Components, Inc. (related document(s)11). (Attachments: # 1 Compare to Filed Proposed Order D.I. 11-1)) (KARALIS, ARIS) (Entered: 04/24/2024)
Apr 24 27 Amended Document Amended Exhibit "A" to Motion of Debtor for Entry of an Order Providing Utility Companies with Adequate Assurance of Payment Pursuant to 11 U.S.C. Section 366 Filed by ARIS J. KARALIS on behalf of New Way Machine Components, Inc. (related document(s)10). (KARALIS, ARIS) Additional attachment(s) added on 4/24/2024 (B., Keith). (Entered: 04/24/2024)
Apr 24 28 Corrective Entry: Attached a corrected copy of Amended Exhibit A (related document(s)27). (B., Keith) (Entered: 04/24/2024)
Apr 24 29 The upcoming 341(a) meeting is scheduled to be held remotely..For participation by telephone, please call 1-877-685-3103 and use (access code/meeting id/passcode) 6249335# to join the meeting.. More information can be found in the attached pdf document.. (CARTWRIGHT, KACIE) (Entered: 04/24/2024)
Apr 25 30 BNC Certificate of Mailing - Order Requiring Documents. Number of Notices Mailed: (related document(s) (Related Doc # 14)). No. of Notices: 1. Notice Date 04/24/2024. (Admin.) (Entered: 04/25/2024)
Apr 25 31 Hearing Held on 11 Motion Re: Chapter 11 First Day Motions Filed by New Way Machine Components, Inc.. Order entered granting motion to maintain and use existing bank accounts. (B., Pamela) (Entered: 04/25/2024)
Apr 25 32 Hearing Held on 10 Motion Re: Chapter 11 First Day Motions Filed by New Way Machine Components, Inc. Order entered granting motion providing utility companies with adequate assurance of payment. (B., Pamela) (Entered: 04/25/2024)
Apr 25 33 Hearing Continued on 8 Motion Re: Chapter 11 First Day Motions Filed by New Way Machine Components, Inc.. Hearing for continued use of cash collateral scheduled 05/22/2024 at 12:30 PM at Courtroom #4. Interim order for the use of cash collateral entered. (B., Pamela) (Entered: 04/25/2024)
Apr 25 34 Hearing Held on 9 Motion Re: Chapter 11 First Day Motions Filed by New Way Machine Components, Inc.. Order entered granting motion authorizing payment of pre-petition wages. (B., Pamela) (Entered: 04/25/2024)
Apr 25 35 Order Granting Motion Regarding Chapter 11 First Day Motions Motion of Debtor for Entry of an Order Authorizing the Debtor to (A) Maintain and Use Existing Bank Accounts, (B) Maintain Existing Business Forms and (C) Granting Related Relief Filed by New Way Machine Components, Inc. Represented by ARIS J. KARALIS(Related Doc # 11) (B., Keith) (Entered: 04/25/2024)

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Case Information

Court
Pennsylvania Eastern Bankruptcy Court
Case number
2:2024bk11362
Assets
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Liabilities
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Judge
Ashely M. Chan
Chapter
11V
Filed
Apr 22, 2024
Type
voluntary
Updated
Apr 23, 2024
Last checked
May 16, 2024

Associated Cases

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    There are 89 more creditors. Subscribe now or purchase this single case to see the full creditors list.

    Parties

    Debtor

    New Way Machine Components, Inc.
    50 McDonald Boulevard
    Aston, PA 19014
    DELAWARE-PA
    Tax ID / EIN: xx-xxx9884
    ta New Way Air Bearings
    ta New Way Precision

    Represented By

    ROBERT M. GREENBAUM
    Karalis PC
    1900 Spruce Street
    Philadelphia, PA 19103
    215-546-4500
    Fax : 215-985-4175
    Email: rgreenbaum@karalislaw.com
    ARIS J. KARALIS
    Karalis PC
    1900 Spruce Street
    Philadelphia, PA 19103
    (215) 546-4500
    Email: akaralis@karalislaw.com
    ERIC R. SCHACHTER
    Karalis PC
    1900 Spruce Street
    Philadelphia, PA 19103
    215-546-4500
    Email: eschachter@karalislaw.com
    ROBERT W. SEITZER
    Karalis PC
    1900 Spruce Street
    Philadelphia, PA 19103
    (215) 546-4500
    Email: rseitzer@karalislaw.com

    Trustee

    HOLLY SMITH MILLER, ESQ.
    Gellert Scali Busenkell & Brown LLC
    901 Market Street
    Suite 3020
    Suite 1901
    Philadelphia, PA 19107
    215-238-0012

    U.S. Trustee

    United States Trustee
    Office of United States Trustee
    Robert N.C. Nix Federal Building
    900 Market Street
    Suite 320
    Philadelphia, PA 19107
    (215)597-4411

    Represented By

    KACIE CARTWRIGHT
    DOJ-Ust
    Robert N.C. Nix Federal Building
    900 Market Street
    Suite 320
    Philadelphia, PA 19107
    202-631-5527
    Email: kacie.cartwright@usdoj.gov

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