Looking through SEC filings, what the heck is RCP Development and why's it owe $51 million? There is still a Star Tobacco? What's the $12 million it owes? What are the $482,000 assets?
Rock Creek Pharmaceuticals, Inc., together with its two wholly owned subsidiaries – RCP Development, Inc. and Star Tobacco, Inc. filed voluntary petitions under Chapter 7 of the United States Bankruptcy Code in the District of Delaware on September 27, 2016.
The case numbers are 16-12120, 16-12121 and 16-12123, respectively.
Rock Creek Pharmaceuticals, Inc. reported total assets of $35,139.15 and total liabilities of $21,300,999.35. RCP Development, Inc. reported total assets of $31,308.57 and total liabilities of $51,956,693.87 and Star Tobacco, Inc. reported total assets of $482,289.25 and total liabilities of $12,253,700.31.
