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Primcogent Solutions LLC files for Chapter 11 Bankruptcy on May 20, 2013

May 21, 2013
by Richard G. Grant
bankruptcy, Chapter 11, Fort Worth, Primcogent
0 Comment

Primcogent Solutions LLC a/k/a Hercules Laser Group LLC files for Chapter 11 Bankruptcy on May 20, 2013

Files for Chapter 11 Bankruptcy

May 20, 2013 | Primcogent Solutions LLC, also known as Hercules Laser Grooup LLC, filed for protection under Chapter 11 of the United States Bankruptcy Code on May 20, 2013.  The case is pending under Case No. 13-42368-DML-11 before the Honorable Dennis M. Lynn, United States Bankruptcy Judge for the Northern District of Texas, Fort Worth Division.  The Debtor estimates that claims may range from $50-$100 million and assets are in the range of $10-50 million.  David Boris is the Chairman of Board of Managers of the Managing Member.[image_frame style=”reflect_shadow” align=”right” alt=”Primcogent Solutions Bankruptcy”]http://chapter11dallas.com/wp-content/uploads/2013/05/Primcogent-Logo.jpg[/image_frame]

Proposed bankruptcy counsel for the Debtor in Possession (DIP) is Andrews Kurth LLP (Paul Silverstein lead counsel).

Santa Barbara Medical Innovations, LL claims $5.0 million in deferred purchase price.  Erchonia Medial claims approximately $3.53 million in product contracts and royalties.

Creditors Holding 30 Largest Unsecured Claims 5-20-13

Primcogent Solutions

According to a press release dated December 13, 2012, Primcogent Solutions, was ranked number 30 amongst Dallas’ 100 fastest-growing privately held companies, as selected by the Dallas 100™ Awards program. Primcogent Solutions offers healthcare products to the medical community. Primcogent Solutions’ signature product ZERONA, manufactured by Erchonia,  FDA cleared for the simultaneous reduction of fat from the hips, waist, thighs, and upper arms.  Primcogent Solutions also offers  non-invasive body contouring technology.

Industry: General Healthcare Equipment
SIC: Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)
NAICS: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (423450)
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About the Author
Richard G Grant is the Bankruptcy and Chapter 11 Business Reorganization Practice Area Chair of Culhane Meadows, PLLC.
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Bankruptcy News:

Best Lawyers in Dallas 2016 - Bankruptcy
Four Partners Named Among “Best Lawyers in Dallas” by D Magazine | 2016
Aug 17, 2016
Triangle USA Files Chapter 11
Triangle USA Petroleum Corporation Files For Chapter 11 Bankruptcy Protection | June 30, 2016
Jul 07, 2016
Hercules Bankruptcy
Hercules Offshore Files For Chapter 11 Bankruptcy Protection | June 6, 2016
Jul 05, 2016
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