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ARTICLE · 01 JUNE 2016

Joao Bock Transaction Systems, LLC Files For Chapter 7 Relief

Pierson Ferdinand LLP
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The trustee assigned to this matter is David Carickhoff of the law firm of Archer & Greiner, P.C. The matter is pending before the Honorable Mary F. Walrath.

United StatesInsolvency/Bankruptcy/Re-Structuring
Carl Neff
Carl Neff

On May 20, 2016, Joao Bock Transaction Systems, LLC ("Debtor" or "Joao Bock") filed for Chapter 7 bankruptcy relief before the United States Bankruptcy Court for the District of Delaware.  Joao Bock has been described by some as a "patent troll" that engages in litigation over intellectual property disputes in order to extract favorable settlements.

According to the Debtor’s Petition, Joao Bock has between $1 and $10 million in liabilities.  A section 341 meeting has been scheduled to take place on June 22nd at 11:00 a.m. at the J. Caleb Boggs Federal Building, 844 King St., Room 2112, in Wilmington, DE.

The trustee assigned to this matter is David Carickhoff of the law firm of Archer & Greiner, P.C. The matter is pending before the Honorable Mary F. Walrath.

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