Important Dates
| Confirmation Hearing (English) |
June 11, 2013 at 11:00 a.m. (Eastern Time) |
| Confirmation Hearing (Arabic) |
June 11, 2013 at 11:00 a.m. (Eastern Time) |
| 341 Meeting of Creditors | August 10, 2012 at 11:00 a.m. (Eastern Time) |
| Deadline to Submit General Proofs of Claim | August 30, 2012 at 5:00 p.m. (Eastern Time) |
| Deadline to Submit Governmental Proofs of Claim | September 17, 2012 at 5:00 p.m. (Eastern Time) |
Arcapita takes steps to protect its stakeholders.
Arcapita Bank B.S.C.(c), the international investment firm headquartered in Bahrain, announced today that it and several of its affiliates, including Arcapita Investment Holdings Limited, have filed voluntary cases in the United States under Chapter 11 with the goal of developing and confirming a plan of reorganization. Arcapita's Board of Directors has approved this course of action as the most effective way to protect their business and assets and implement a comprehensive restructuring that rationalizes Arcapita's capital structure and maximizes recoveries to creditors and other stakeholders. The filings automatically imposed a worldwide injunction against collection and enforcement actions that will protect the assets of the Arcapita entities while a plan of reorganization is formulated. None of Arcapita's operating subsidiaries or portfolio companies are included in the filing.
For a copy of the press release, click here.
For further information on this case, please contact The Garden City Group, Inc. ("GCG"), Arcapita's claims, noticing and balloting agent, via email at ArcapitaBankInfo@gcginc.com, by phone at (800) 762-7029 (for Domestic callers) or (440) 389-7311 (for International callers), or by mail at:
Arcapita Bank B.S.C. (c)
c/o GCG
P.O. Box 9881
Dublin, Ohio 43017-5781
The website for the Official Committee of Unsecured Creditors of Arcapita Bank B.S.C.(c) can be found here: www.arcapitacommittee.com.