Dextera Bankruptcy D.I.P. Financing Approval Sought
Dextera Surgical filed with the U.S. Bankruptcy Court a motion to approve post-petition D.I.P. financing, granting liens and super-priority claims to the post-petition lender. The lender is Aesculap or...
View ArticleEzra Bankruptcy Objection Filed
SvenskaHandelsbanken (Handelsbanken) filed with the U.S. Bankruptcy Court an objection to Ezra Holding’s motion for an exclusivity extension. The objection asserts, “Handelsbanken is an unsecured...
View ArticleProtea Bankruptcy D.I.P. Financing Approved
The U.S. Bankruptcy Court approved, on an interim basis, Protea Biosciences Group’s post-petition financing motion. As previously reported, “The Debtors request to obtain, Senior secured postpetition...
View ArticlePremier Exhibitions Bankruptcy Objection Filed
Premier Exhibitions’ ad hoc group of equity security holders filed with the U.S. Bankruptcy Court an objection to the Company’s motion for bidding procedures in connection with the sale of all or...
View ArticleUnilife Bankruptcy Liquidation Plan Confirmed
The U.S. Bankruptcy Court confirmed Unilife’s First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation, which notes, “This Combined plan and Disclosure Statement contemplates the...
View ArticleIronclad Performance Wear Bankruptcy Plan Filed
Ironclad Performance Wear and its official committee of equity security holders (OECH) filed with the U.S. Bankruptcy Court a Joint Plan of Liquidation (initial draft). According to the Plan, “The...
View ArticleCD International Chapter 7 Bankruptcy Liquidation
CD International Enterprises filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Southern District of Florida, case number 17-24642. The Company, which sources and distributes...
View ArticleSable Natural Resources Bankruptcy Objection Filed
The Securities and Exchange Commission filed with the U.S. Bankruptcy Court an objection to Sable Natural Resources’ First Amended Joint Chapter 11 Plan of Reorganization and Disclosure Statement. The...
View ArticleArmstrong Energy Bankruptcy Bonus Program Filed
Armstrong Energy filed with the U.S. Bankruptcy Court a motion for entry of an order approving the Debtors’ non-insider retention program. The motion explains, “The Debtors seek entry of an order (a)...
View ArticleCobalt International Energy Chapter 11 Bankruptcy
Cobalt International Energy and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-36709. The Company, which...
View ArticleCotter Tower Files Chapter 11
Privately-held Cotter Tower – Oklahoma, L.P. (Cotter Tower) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Texas, case number 17-52844. Cotter Tower is...
View ArticleAeropostale Bankruptcy Plan Filed
Aeropostale filed with the U.S Bankruptcy Court a Third Amended Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for...
View ArticleEnergy Future Holdings Objection Filed
The U.S. Trustee assigned to the Energy Future Holdings case and Delaware Trust Company filed with the U.S. Bankruptcy Court a separate final objection and reservation of rights, respectively, to...
View ArticleGenOn Energy Bankruptcy Objection Filed
U.S. Bank National Association filed with the U.S. Bankruptcy Court an objection to GenOn Energy’s Third Amended Joint Chapter 11 Plan of Reorganization. The objection asserts, “By virtue of filing of...
View ArticleUS Dataworks Bankruptcy Plan Effective, Summarized
US Dataworks announced that its Combined Disclosure Statement and Plan of Liquidation is now effective and that the Company has emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed...
View ArticleTOMS Shoes Downgraded
On December 14, 2017, Moody’s Investors Service downgraded the corporate family rating and senior secured first lien term loan rating for TOMS Shoes, LLC, each to Caa3 from Caa2. The Company’s Caa2-PD...
View ArticleDAVIDsTEA Evaluates Strategic Alternatives
In Form 8-K filed on December 7, 2017, DAVIDsTEA Inc. announced financial results for the three and nine months ended October 28, 2017, as well as the fact that it will be evaluating strategic...
View ArticleGlobal A&T Electronics Prepackaged Bankruptcy Initiated
Global A&T Electronics (GATE) and 12 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-23931. The Company,...
View ArticleArmstrong Energy Bankruptcy DS Filed
Armstrong Energy filed with the U.S. Bankruptcy Court a Disclosure Statement for the Company’s First Amended Joint Chapter 11 Plan of Reorganization. The Disclosure Statement notes, “Pursuant to the...
View ArticleTerraVia Bankruptcy Extension Approved
The U.S. Bankruptcy Court approved TerraVia Holdings’ motion to extend the exclusive period during which the Company can file a plan and solicit acceptances thereof through and including February 28,...
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