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FPFCQ > SEC Filings for FPFCQ > Form 8-K on 29-Mar-2013All Recent SEC Filings

Show all filings for FIRST PLACE FINANCIAL CORP /DE/ | Request a Trial to NEW EDGAR Online Pro



Bankruptcy or Receivership, Financial Statements and Exhibits

Item 1.03 Bankruptcy or Receivership.

As previously disclosed, on October 29, 2012, First Place Financial Corp. (the "Company") filed a voluntary petition (the "Bankruptcy Filing") under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On March 6, 2013, the Company filed a "Motion for an Order Converting this Case to a Proceeding Under Chapter 7 of the Bankruptcy Code, Pursuant to 11 U.S.C. 1112(a)" with the Bankruptcy Court. On March 25, 2013, the Bankruptcy Court granted the Company's motion (the "Conversion Order") converting the proceeding to a case under Chapter 7 of the Bankruptcy Code, effective as of March 25, 2013 (the "Conversion Date").

Pursuant to the Conversion Order and in accordance with the Federal Rules of Bankruptcy Procedure, the Company is required to (i) turn over to the designated Chapter 7 Trustee all records and property of the estate under the Company's custody and control, (ii) within fourteen (14) days after the Conversion Date, file a schedule of unpaid debts incurred after commencement of the bankruptcy proceeding through the Conversion Date, and (iii) within thirty (30) days after the Conversion Date, file and transmit a final report and account to the Office of the United States Trustee. The Company expects that no funds will be available for distribution to the Company's shareholders.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Order Approving Debtor's Motion for an Order Converting this Case to a Proceeding Under Chapter 7 of the Bankruptcy Code, Pursuant to 11 U.S.C. 1112(a) entered by the Bankruptcy Court.

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