Jack Cooper Ventures Chapter 11 cases dismissed by bankruptcy court

By Caroline Salls

Pittsburgh, Dec. 9 – Jack Cooper Ventures, Inc.’s Chapter 11 bankruptcy cases were dismissed on Monday by the U.S. Bankruptcy Court for the Northern District of Georgia.

As previously reported, the company received court approval to seek dismissal following resolution of all final fee applications.

Jack Cooper also received court approval to hire Compass Advisory Partners, LLC to wind down its estates.

According to the dismissal motion, the sale of substantially all of the company’s assets closed on Nov. 4.

“No meaningful assets remain in the debtors’ estates for the debtors to monetize or distribute to creditors,” the motion said. “Accordingly, the debtors have determined that dismissal is the most effective way to conclude these Chapter 11 cases.

The company said dismissal will allow for a prompt and orderly conclusion to the cases, avoid the unnecessary accrual of additional administrative expenses, including any expenses associated with a conversion of the cases to Chapter 7 and provide for a limited wind-down framework.

Jack Cooper is a specialty transportation and other logistics provider based in Kansas City, Mo. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 19-62393.

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