Q:
What is the status of the Dairy Mart Bankruptcy Case?
A:
On September 24, 2001, Dairy Mart Convenience Stores, Inc.
filed a Chapter 11 Bankruptcy Petition in the Southern District
of New York. The Company has 21 separate bankruptcy filings
jointly administered under Case No. 01-42400. On March 14,
2003 the Company emerged from the Bankruptcy process and gave
notice of confirmation and effectiveness of the First Amended
Joint Plan of Liquidation of Dairy Mart. As part of this plan,
a Liquidating Trust was established and Wayne R. Walker was
appointed Liquidating Trustee to oversee and administer the
liquidation of any remaining assets and the eventual distribution
to the Trust Beneficiaries. Please
see the Status Report for additional updates.
Q:
Who is responsible for the Company's affairs?
A: Dairy Mart Convenience Stores, Inc. has ceased operations
as a going concern. All assets and liabilities of the Company
have been transferred to the Dairy Mart Liquidating Trust.
Wayne R. Walker is the Liquidating Trustee and has responsibility
for general oversight and administration of the Trust. This
Trust has been established as a vehicle to liquidate the remaining
assets of the Estate and distribute the proceeds to creditors.
Q:
What was the value of the Dairy Mart Liquidating Trust on
the Effective Date of the Plan of Liquidation?
A.The
Dairy Mart Liquidating Trust was established on March 14,
2003, the Effective Date of Dairy Mart's Plan of Liquidation.
The estimated value of the assets transferred to the Trust
was approximately $17 Million on the Effective Date . For
further information, please view the Trust
Valuation Detail.
Q:
Why did I receive the Notice of Chapter 11 Bankruptcy Cases?
A:
You are a potential creditor in one of the Dairy Mart bankruptcy
cases. Alternatively, you have had interaction with Dairy
Mart or its affiliates in the past. Please consult the Case
Information page of this website for a complete list of
the 21 companies filing Chapter 11 petitions.
Q:
Where do I send the Proof of Claim?
A:
All claims are to be filed directly with the court: