LIQUIDATION: Court orders Chapter 7 for USA Springs, Inc.

The U.S. Bankruptcy Court in Manchester, NH converted Delaware-corporation USA Springs, Inc.’s bankruptcy case to Chapter 7 today, putting the court in charge of the process for liquidation of the company (court document #891). Timothy P. Smith of Middle St. in Manchester was appointed interim court trustee; the trustee’s role is to arrange for the sale of assets and manage the liquidation process (document #892).

During the same hearing, the court also approved the withdrawal from the case of the company’s two key legal teams at their request: Bruce Harwood of NH’s Sheehan Phinney Bass + Green (document #889) and Riemer and Braunstein LLP of Boston, MA (document #888).

Aug. 7 USA Springs, Inc. bankruptcy hearing

A bankruptcy hearing regarding USA Springs, Inc., a Delaware corporation, will be held at federal bankruptcy court in Manchester, NH on August 7, 2012 at 1:30 p.m. Three motions will be heard at this hearing–two by attorneys for the company seeking to end their representation and one by the U.S. Trustee to convert the case to Chapter 7, Liquidation. The hearing will be held in Courtroom 2, 11th Floor, U.S. Bankruptcy Court, 1000 Elm St., Manchester, NH. All court proceedings are open to the public.