2️⃣2️⃣ New Chapter 22 Bankruptcy Filing & CCAA -- Sungard AS New Holdings LLC 2️⃣2️⃣

So Much for that "Successful" 24-hour Prepackaged Chapter 11.

Let’s rewind three years.

On May 1, 2019, PA-based Sungard Availability Services — an IT provider that specializes in providing disaster recovery services to global enterprise companies — filed a prepackaged chapter 11 bankruptcy case in the Southern District of New York (Judge Drain). Less than a day later and thanks to what was then-known as Drain’s “…