Lionel Trains, Model Trains, Model Railroads, Toy Trains

Learn about toy trains, model trains, model railroads, train platforms, railroad layouts, train layouts

Wednesday, March 09, 2005


On November 15, 2004, Lionel, LLC filed for Chapter 11 bankruptcy protection, citing the $40 million-plus judgment in the MTH lawsuit as the primary factor. In the filing, it listed $55 million in debt and $42 million in assets. The largest secured creditor was PNC Financial Services Corp., owed $31 million. The MTH judgment was not included in the $55 million figure.


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