Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[1manband]

It is a Chapter 7 bankruptcy. Liquidation. Typically, Chapter 7's take a very long time. Years, or even a decade (or longer). Unlike in Chapter 11, where the company continues to operate and there are all the associated bills to pay, Chapter 7 results in the immediate shutdown of all business operations and discharge of staff. There really is no urgency to get it concluded quickly, as the real mandate is to maximize the return for the debtors and creditors. And that will take awhile, as the trustee will have to auction off the assets to ensure they receive the highest price.

There is absolutely nothing unusual about this case versus other Chapter 7 bankruptcies.