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Phoenix Payment Systems, Inc.

COURT
Delaware Bankruptcy Court
CASE NUMBER
1:14-bk-11848
TYPE / CHAPTER
Voluntary / 11

Filed

8-4-14

Updated

9-13-23

Last Checked

8-20-14

Assets

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Liabilities

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Docket

Last Updated
Aug 5, 2014
Last Entry Filed
Aug 4, 2014

Docket Entries by Year

Aug 4, 2014 1 Petition Chapter 11 Voluntary Petition . Fee Amount $1717. Filed by Phoenix Payment Systems, Inc.. (Collins, Mark) (Entered: 08/04/2014)
Aug 4, 2014 2 Receipt of filing fee for Voluntary Petition (Chapter 11)(14-11848) [misc,volp11a] (1717.00). Receipt Number 7201435, amount $1717.00. (U.S. Treasury) (Entered: 08/04/2014)
Aug 4, 2014 3 Affidavit/Declaration in Support of First Day Motion (Declaration of Michael E. Jacoby in Support of Chapter 11 Petition and First Day Motions) Filed By Phoenix Payment Systems, Inc. (Collins, Mark) (Entered: 08/04/2014)
Aug 4, 2014 4 Application to Appoint Claims/Noticing Agent OMNI MANAGEMENT GROUP, LLC Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C)(Collins, Mark) (Entered: 08/04/2014)
Aug 4, 2014 5 Motion to Maintain Bank Accounts (I) to Continue to Use Existing Cash Management System, Including Maintenance of Existing Bank Accounts, Checks and Business Forms, (II) for Waiver of Certain Requirements of the United States Trustee, and (III) Extension of Time to Comply With Section 345 of the Bankruptcy Code Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A)(Collins, Mark) Modified on 8/4/2014 (NAL) (Entered: 08/04/2014)
Aug 4, 2014 6 Motion to Pay Employee Wages to (I) Pay Prepetition Workforce Obligations, Including Compensation, Benefits, Expense Reimbursements and Related Obligations, (II) Continue Workforce Programs on Postpetition Basis, (III) Pay Withholding and Payroll-Related Taxes, and (IV) Pay Prepetition Claims Owing to Administrators of, or Third Party Providers Under, Workforce Programs Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A)(Collins, Mark) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 7 Motion Prohibiting Utilities from Discontinuing Service for Order (I) Prohibiting Utility Companies from Altering or Discontinuing Service on Account of Prepetition Invoices, (II) Approving Deposit as Adequate Assurance of Payment and (III) Establishing Procedures for Resolving Requests by Utility Companies for Additional Assurance of Payment Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C)(Collins, Mark) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 8 Motion to Pay Critical Trade Vendor Claims of Certain Critical Vendors and Service Providers Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C)(Collins, Mark) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 9 "WITHDRAWN", SEE DOC #17 - Motion to Approve Debtor In Possession Financing Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B, Part 1 # 3 Exhibit B, Part 2)(Collins, Mark) Additional attachment(s) added on 8/4/2014 (NAL). Additional attachment(s) added on 8/4/2014 (NAL). Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 10 List of Creditors Filing of Creditor Matrix Filed by Phoenix Payment Systems, Inc.. (Terranova, Marisa) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Show 5 more entries
Aug 4, 2014 15 Notice of (I) Filing of Bankruptcy Petition and Related Pleadings and (II) Hearing on First Day Motions Filed by Phoenix Payment Systems, Inc.. Hearing scheduled for 8/5/2014 at 11:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. (Collins, Mark) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 16 Notice of Appearance Filed by The Bancorp Bank (Bernard, Richard) Modified on 8/4/2014 (NAL). (Entered: 08/04/2014)
Aug 4, 2014 17 Notice of Withdrawal of Debtor's Motion for Interim and Final Orders (I) Authorizing the Debtor (A) to Obtain Post-Petition Secured Financing on a Senior Secured Basis and Granting Priming Liens and (B) to Use Cash Collateral, (II) Granting Adequate Protection to the DIP Lender, (III) Scheduling a Final Hearing, and (IV) Granting Related Relief (related document(s)9) Filed by Phoenix Payment Systems, Inc.. (Terranova, Marisa) (Entered: 08/04/2014)
Aug 4, 2014 18 Motion to Approve Debtor In Possession Financing Filed By Phoenix Payment Systems, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B)(Collins, Mark) (Entered: 08/04/2014)
Aug 4, 2014 19 The transcriber has requested a standing order for all hearings in this case for the period 8-4-2014 to 8-18-2014. To obtain a copy of a transcript, contact the transcriber, eScribers, at telephone number: 973-406-2250. (MPM) (Entered: 08/04/2014)
Aug 4, 2014 20 Corrective Entry: Image removed at the request of the filer due to confidential information. Filer was advised to file a Notice of Withdrawal of Document within 24 hours (related document(s)9). (NAL) (Entered: 08/04/2014)
Aug 4, 2014 21 Notice of Appearance Filed by Frascella Capital, LLC. (Battista, Elio) (Entered: 08/04/2014)
Aug 4, 2014 22 Notice of Appearance Filed by Edmond Roncone. (Attachments: # 1 Certificate of Service) (Fasic, G.) (Entered: 08/04/2014)
Aug 4, 2014 23 Notice of Appearance Filed by The Bancorp Bank ("Bancorp"). (Summers, Matthew) (Entered: 08/04/2014)
Aug 4, 2014 24 Motion to Appear pro hac vice of Douglas E. Spelfogel. Receipt Number 11-1565409, Filed by The Bancorp Bank ("Bancorp"). (Summers, Matthew) (Entered: 08/04/2014)

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Case Information

Court
Delaware Bankruptcy Court
Case number
1:14-bk-11848
Assets
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Liabilities
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Judge
Mary F. Walrath
Chapter
11
Filed
Aug 4, 2014
Type
voluntary
Terminated
Jun 1, 2016
Updated
Sep 13, 2023
Last checked
Aug 20, 2014

Associated Cases

    Creditors

    Subscribe now or purchase this single case to see the full creditors list.
    ASM Capital IV, L.P.
    Claims Recovery Group LLC
    Commonwealth Marketing Group, Inc.
    Insite Marketing Group
    QVC, Inc.
    QVC, Inc.
    Southpaw Koufax LLC

    Parties

    Debtor

    Phoenix Payment Systems, Inc.
    1201 North Market Street, Suite 701
    Wilmington, DE 19801
    NEW CASTLE-DE
    Tax ID / EIN: xx-xxx1461
    aka Electronic Payment Systems
    aka EPX

    Represented By

    Richard J. Bernard
    Foley & Lardner LLP
    90 Park Avenue
    New York, NY 10016
    212-338-3586
    Fax : 212-687-2329
    Email: rbernard@foley.com
    Mark D. Collins
    Richards, Layton & Finger, P.A.
    One Rodney Square
    920 North King Street
    Wilmington, DE 19801
    302 651-7700
    Fax : 302-651-7701
    Email: collins@RLF.com
    Zachary I Shapiro
    Richards, Layton & Finger, P.A.
    920 North King Street, P.O. Box 551
    Wilmington, DE 19801
    302-651-7700
    Fax : 302-651-7701
    Email: shapiro@rlf.com
    Marisa A. Terranova
    Richards Layton & Finger, P.A.
    920 N. King Street
    Wilmington, DE 19899
    302-651-7811
    Fax : 302-498-7811
    Email: terranova@rlf.com

    U.S. Trustee

    United States Trustee
    844 King Street, Room 2207
    Lockbox #35
    Wilmington, DE 19899-0035
    302-573-6491

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