The purpose of this site is to keep all entities or individuals
affiliated with the bankruptcy filing of Dairy Mart Convenience
Stores, Inc. informed of the case proceedings. For current
information on the case, please click on one of the links
above or to the left. For specific requests not addressed
on the website, email wwalker@walkernell.com
Wayne
R. Walker is the Principal of Walker Nell Consultants, Inc.
("WNC"), a business consulting firm. Consistent
with his experience of twenty years, Mr. Walker focuses on
interim operational assignments, liquidations, trustee services,
examiner and receiver roles, claims reconciliation, environmental
trustee roles, plan administration and wind-downs.
Full
Biography: Wayne R. Walker
FINAL
NOTICE
TO
ALL DAIRY MART 10.25% SENIOR SUBORDINATE AND SERIES B NOTE
HOLDERS
Please
be advised that the January 31, 2005 deadline is fast approaching
for the Dairy Mart Bondholders who have not surrendered their
bonds with a Letter of Transmittal to the Liquidating Trustee.
All
bondholders were sent a letter in 2004, instructing them
to submit their bonds to the Liquidating Trustee for a distribution.
The majority of the bondholders responded to the letter.
Due to the fact that some bondholders did not respond,
certified letters were mailed on December 23, 2004.
The
outstanding bonds must be received by January 31, 2005. If
the bonds are not received by this date, the outstanding bondholders will be forever barred from having a claim and
receiving disbursements.
Notice
to Holders of Dairy Mart 10 1/2 Senior Subordinated Notes
and Series B Notes
The
Liquidating Trustee set March 31, 2004, as the initial distribution
date. Payments to allowed claimants have commenced thereafter
on a quarterly basis. In the case of certain holders of Dairy
Mart notes, payments were made to agents or indenture trustees.
The Liquidating Trustee is now prepared to distribute or re-distribute
funds due to certain holders of Dairy Mart notes. Each holder
or agent will receive the following communication from the
Liquidating Trustee within a few days providing information
on how to receive direct payment on your note.
Letter
to Bondholders
Letter
of Transmittal
09/30/05 – Fourth distribution to allowed claimants
09/30/04
– Third distribution to allowed claimants
06/30/04
- Second distribution to allowed claimants
03/31/04
- Initial Distribution Date. Commencement of payments to allowed
claimants
03/14/03
- Notice of Confirmation and Effectiveness of First Amended
Joint Plan of Liquidation of Dairy Mart and Certain Bar Dates
03/05/03
- Post-Confirmation Order and Notice
01/14/03
- First Amended Disclosure Statement Filed
11/26/02
- Notice of Filing of Disclosure Statement and Motion for
Hearing Filed
02/22/02
- Bar Date for Filing Proofs of Claim
09/24/01
- Chapter 11 Bankruptcy Petition Filed with the U.S. Bankruptcy
Court for the Southern District of New York
Please
Note: The bar date for all claims has passed and the Trust
will not accept any claims unless ordered by the Bankruptcy
Court.
