Prommis Holdings, LLC, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on March 18, 2013. The company listed assets in the range of $10 million to $50 million and liabilities between $50 million to $100 million. The main unsecured creditors included Morris, Manning & Martin, LLP, Johnson & Freedman, LLC, Pite Duncan, LLP, Lender Processing Services, Inc., United HealthCare ... of Georgia, Inc., Locke Lord Bissell & Liddell LLP, Bingham McCutchen LLP, Sharp Health Plan, Bendun Abstract, Inc, and Smoothstone IP Communications, Inc. The debtor retained Christopher Marcus, PC, Matthew F. Dexter and David S. Meyer of Kirkland & Ellis LLP & Thomas M. Horan, Ericka Fredricks Johnson & Steven K. Kortanek of Womble Carlyle Sandridge & Rice, LLP as legal advisors, Huron Consulting Services, LLC as financial advisors & Donlin, Recano & Company, Inc. as administrative agent for a retainer of $15,000 & an hourly fee of $175. The official committee of unsecured creditors retained Katharine G. Craner, Sarah M. Gryll, Mark S. Indelicato & Mark T. Power of Hahn & Hessen LLP & Mark Minuti of Saul Ewing LLP as its legal advisors. The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Prommis Holdings, LLC and its affiliates on March 19, 2013. The affiliates include Prommis Solutions, LLC, E-Default Services LLC, Statewide Tax and Title Services LLC, Statewide Publishing Services LLC, Nationwide Trustee Services, Inc., Interface, Inc., and Prommis Homeownership Solutions, Inc. The cases would be jointly administered for administrative and procedural purposes. Prommis Holdings, LLC has been designated as the lead debtor. Prommis Holdings, LLC filed a motion for the sale of certain assets on April 10, 2013. The debtor seeks the Court’s approval for the sale of certain assets to McCalla Raymer, LLC, the stalking horse bidder, for a purchase price of $8 million in cash pursuant to the asset purchase agreement. Hunton & Williams LLP represented the buyer as its legal advisor. Prommis Holdings, LLC filed a motion for the sale of certain assets on April 17, 2013. The debtor seeks the Court’s approval for the sale of certain assets Johnson & Freedman, LLC, the stalking horse bidder, for a purchase price of $4 million in cash pursuant to the asset purchase agreement. Prommis Holdings, LLC filed a motion for the sale of certain assets on April 19, 2013. The debtor seeks the Court’s approval for the sale of certain assets Duncan, LLP, the stalking horse bidder, for a purchase price of $3.75 million in cash pursuant to the asset purchase agreement.
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The Board of Directors of Lender Processing Services, Inc. (NYSE:LPS) authorized a share repurchase program on February 7, 2013. Under the program, Lender Processing Services will repurchase up to $100 million worth of its common stock. The plan reflects company's confidence in the future of LPS' business and its commitment to delivering value and returning cash to its shareholders over the long term. The plan will expire on June 30, 2014.

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