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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: FASTSHIP, INC., et al., Debtors.

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Chapter 11 Case No. 12-10968 (BLS) (Jointly Administered)

NOTICE OF (I) ENTRY OF ORDER CONFIRMING JOINT LIQUIDATING SECOND AMENDED PLAN OF FASTSHIP, INC. AND ITS SUBSIDIARIES PURSUANT TO CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE; (II) EFFECTIVE DATE THEREUNDER; AND (III) PROFESSIONAL FEE CLAIM BAR DATE TO: THE OFFICE OF THE UNITED STATES TRUSTEE; ALL CREDITORS AND PARTIES REQUESTING NOTICE PURSUANT TO BANKRUPTCY RULE 2002; AND ALL CREDITORS AND INTEREST HOLDERS

PLEASE TAKE NOTICE that on March 20, 2012, FastShip, Inc., et al., the above captioned debtors (the Debtors) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court). PLEASE TAKE FURTHER NOTICE that the Bankruptcy Court held a hearing on confirmation of the Joint Liquidating Second Amended Plan of Fastship Inc. and its Subsidiaries Pursuant to Chapter 11 of the United States Bankruptcy Code (the Plan) on June 28, 2012. PLEASE TAKE FURTHER NOTICE that the Bankruptcy Court entered an order (the Confirmation Order) confirming the Plan on June 28, 2012 (the Confirmation Date). The Debtors hereby provide notice of entry of the Confirmation Order (Notice of Entry of Confirmation Order). Unless otherwise defined in this notice, capitalized terms used herein shall have the meanings ascribed to them in the Plan and the Confirmation Order. PLEASE TAKE FURTHER NOTICE that each of the conditions to the Effective Date2 have been satisfied or waived in accordance with Article IX of the Plan and that the Plan became effective on July 12, 2012 (the Effective Date). The Debtors hereby provide notice of the Effective Date (Notice of the Effective Date). PLEASE TAKE FURTHER NOTICE that all assets to be transferred to FastShip LLC or the Liquidating Trust as contemplated by the Plan are deemed to have occurred.

The Debtors, along with the last four digits of each Debtors tax identification number, are as follows: FastShip, Inc. (8309) (Case No. 12-10968 (BLS)), FastShip Atlantic, Inc. (0980) (Case No. 12-10970 (BLS)) and Thornycroft, Giles & Co., Inc. (1142) (Case No. 12-10971 (BLS)). The mailing address for the Debtors is 1608 Walnut Street, Suite 501, Philadelphia, PA 19103. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Plan.

PLEASE TAKE FURTHER NOTICE that a copy of the Plan and/or the Confirmation Order may be obtained by contacting Debtors counsel, in writing, at Benesch, Friedlander, Coplan & Aronoff, LLP, Attn: Raymond H. Lemisch, Esquire, 222 Delaware Avenue, Suite 801, Wilmington, DE 19801. The Plan and the Confirmation Order can also be viewed on the Courts website at www.deb.uscourts.gov. You may also contact Debtors counsel at (302) 442-7010. PLEASE TAKE FURTHER NOTICE pursuant to Article II of the Plan, all requests for payment or any other means of preserving and obtaining payment of a Professional Fee Claim (as defined in the Plan) that arose prior to the Effective Date and that was not already paid, released, or otherwise settled must be filed with the Bankruptcy Court and served upon counsel to the Debtors, Raymond H. Lemisch, Benesch, Friedlander, Coplan & Aronoff LLP, 222 Delaware Avenue, Suite 801, Wilmington, DE 19801 and the Office of the United States Trustee, Attn: Juliet Sarkessian, Esq., 844 King Street, Suite 2207, Wilmington, DE 19801 (and notice thereof must also be served on all parties who have requested notice in the Bankruptcy Case) by no later than July 20, 2012. Any request for payment of a Professional Fee Claim that is not timely filed as set forth above will be forever barred, and Holders of such Claims will not be able to assert such Claims in any manner against the Debtors or the Estates. All compensation and reimbursement of expenses for Professionals allowed by the Bankruptcy Court shall be paid by the Debtors within three (3) business days after entry of the order allowing such fees and expenses on the docket of the Bankruptcy Court. Any Entity holding a Professional Fee Claim that does not timely file and serve a fee application by July 20, 2012, will be forever barred from asserting such Professional Fee Claim against the Debtors, the Estates and Liquidating Trust, or their respective property. All Professional fees and expenses incurred after the Effective Date of the Plan shall not be subject to Bankruptcy Court approval and shall be paid within the terms agreed to by and between the Debtors or the Liquidating Trustee, as the case may be, and such Professional.

Dated: July 12, 2012 BENESCH, FRIEDLANDER, COPLAN & ARONOFF LLP By: /s/ Raymond H. Lemisch Raymond H. Lemisch, Esquire (No. 4204) 222 Delaware Avenue, Suite 801 Wilmington, DE 19801 Telephone: (302) 442-7006 Facsimile: (302) 442-7012 rlemisch@beneschlaw.com -andKari Coniglio, Esquire (OH 0081463) 200 Public Square, Suite 2300 Cleveland, OH 44114 (216) 363-4500 (Telephone) (216) 363-4588 (Facsimile) kconiglio@beneschlaw.com Counsel for FastShip, Inc., FastShip Atlantic, Inc. and Thornycroft, Giles & Co., Inc., Debtors and Debtors in Possession

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