HSP Liquidation, LLC, et al. Debtor Website

  • CASE NO.
    CHAPTER 11
    Hon. Michael E. Wiles
    Southern District of New York
    May 19, 2019
    Jul 29, 2019
Case Overview

Welcome Creditors

On May 19, 2019 (the "Petition Date"), HSP Liquidation, LLC (fka Hollander Sleep Products, LLC) and six of its subsidiaries (the "Debtors") filed a voluntary petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code. The Debtors continue to operate its business and manage its property as a debtors-in-possession. This website was created to assist the Debtors in providing access to information for creditors, as well as to solicit and receive comments from such creditors.

Telephonic inquiries can be made at: 844-212-9942

Wind Down Trust

The Wind-Down Trust (the “Wind-Down Trust”) was formed pursuant to the Debtors’ Modified First Amended Joint Plan Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 346] filed with the United States Bankruptcy Court for the Southern District of New York in the Chapter 11 Cases of Hollander Sleep Products, LLC, et al., (the "Plan") to (a) liquidate and distribute the Wind-Down Trust Assets; (b) make  continuing  efforts  to  collect  and convert the Wind-Down Trust Assets to Cash; (c) hold the remaining Interests in Hollander Canada and the Interests in Dream II to allow the Plan Administrator to administer the winding down of its affairs, and (d) make timely distributions to the Trust’s beneficiaries.

The Wind Down Trust Agreement was entered into on September 13, 2019 by and among (i) Hollander  Sleep  Products,  LLC,  Dream  II  Holdings,  LLC, Hollander Home Fashions Holdings, LLC, Pacific Coast Feather, LLC, Hollander Sleep Products Kentucky, LLC, and Pacific Coast Feather Cushion, LLC (each a “Debtor” and, collectively, the “Debtors”), and (ii) Drivetrain, LLC, as trustee and administrator (the “Plan Administrator”).

The Plan contemplates, among other things, that the Trust is created for the benefit of Holders of General Unsecured Claims against the Debtors. On September 5, 2019, Bankruptcy Court entered its Confirmation Order and the Plan became effective on September 13, 2019, and the Wind-Down Trust Assets vested to the Trust.

For questions regarding the Wind-Down Trust, please contact:

Wind-Down Trustee
c/o Marc Rosenberg, Tim Daileader, and Ivona Smith
Drivetrain, LLC
410 Park Avenue, Suite 900
New York, NY 10022