The Loewen Group Inc. filed for Chapter 11 reorganization June 1 listing $4.14 billion in assets and $3.24 billion in liabilities, continuing the feverish pace of bankruptcy filings in Delaware this year.
Loewen, the owner of more than 1,100 funeral homes and 400 cemeteries, catapulted to second place on the list of largest Chapter 11s filed in Delaware in the 1990s. Only Continental Airlines, which had $4.8 billion in assets and $3.4 billion in debt when it filed for reorganization, has exceeded Loewen’s total assets this decade.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
