📉Bankruptcy & Restructuring TODAY
New Delaware Chapter 11 Filing – Scottish Holdings, Inc.
Scottish Holdings, Inc., Charlotte, NC based reinsurance company, has, along with a single affiliate, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10160).
Scottish’s Petition estimates its assets and liabilities to both be between $1–$10 billion. Scottish’s parent (a non-debtor entity), Scottish Re Group Limited, has commenced voluntary winding up procedures in the Cayman Islands and Bermuda.
Bankruptcy & Restructuring Law