All items from Richard G. Grant, P.C.

Reader’s Digest files for Chapter 11 Bankruptcy on February 17, 2013
Reader’s Digest | RDA Holding Co., publisher of the 91-year-old Reader’s Digest magazine, filed for Chapter 11 bankruptcy on February 17, 2013.  RDA is joined by at least 30 affiliates, including The Reader’s Digest Association, Inc.  The cases are filed in the Southern District of New York and presumably will be jointly administered before the Honorable Robert D. Drain under Case No. 13-22233.
Robert E. Guth, is the President and Chief Executive Officer of RDA Holding and The Reader’s Digest Association, Inc.
A number of iconic companies have recently entered bankruptcy protection, including Hostess Brands Inc., maker of Twinkies and Wonder Bread, and Eastman Kodak Co., inventor of Kodachrome and the Instamatic camera.
Reader’s Digest, founded by DeWitt and Lila Wallace, went public in 1990.  An investor group led by private-equity firm Ripplewood Holdings LLC bought it in 2007 for $1.6 billion and the assumption of about $800 million in debt.

Rhythm And Hues, Inc. files Chapter 11 bankruptcy
Rhythm And Hues, Inc. filed for Chapter 11 bankruptcy protection on February 13, 2013 at 10:48 p.m. (Pacific Time) in the United States Bankruptcy Court for the Central District of California under Case No. 13-13775.
Rhythm And Hues is seeking to continue its operations in an uninterrupted manner.

Orange County Choppers Merchandising files Chapter 7 bankruptcy on January 31, 2013
Hudson Valley Merchandising, LLC d/b/a Orange County Choppers Merchandising, LLC (Newburgh, NY), the merchandising division of Orange County Choppers filed for Chapter 7 bankruptcy on Thursday in the Southern District of New York.  The Bankruptcy Schedules were signed by Paul Teutul, Sr.
The case is pending as a Chapter 7 under Case No. 13-35193-CGM-7 in the United States Bankruptcy Court for the Southern District of New York (Poughkeepsie).   The parent company, Orange County Choppers Holdings, did not file.  The 341(a) Meeting of Creditors is scheduled for February 28.  A Chapter 7 Trustee has been assigned.

Atari Inc. and three affiliates file for Chapter 11 Bankruptcy on January 20, 2013
Atari Inc., known for “Pong” and “Asteroids” filed for Chapter 11, 2013 among decades of financial problems.  It has been affiliated with the French company Infogrames, which changed its name to Atari S.A. in 2003.  The U.S. operations have filed for bankruptcy presumably shield itself and three of its affiliates from the challenges faced by its French parent company.
In a press release it states, “With this move, the U.S.-based Atari operations seek to separate from the structural financial encumbrances of their French parent holding company, Atari S.A. (formerly Infogrames S.A.) and secure independent capital for future growth, primarily in the areas of digital and mobile games.”
Atari, Inc., Atari Interactive, Inc.,  California U.S. Holdings, Inc. and Humongous, Inc. filed for Chapter 11 under Case Nos.  13-10176,13-10177, 13-10178 , and 13-10179, respectively in the United States Bankruptcy Court for the Southern District of New York.  The case will likely be jointly administered under Case No. 13-10176.