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Rand Logistics Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court approved Rand Logistics’ Disclosure Statement and concurrently confirmed the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization. As previously reported, “The Plan...

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Bon-Ton Bankruptcy Objection Filed

City View Capital and Willow Investment filed with the U.S. Bankruptcy Court an objection to Bon-Ton Stores’ motion for the sale of all or substantially all of the Debtors’ assets and procedures...

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Ezra Bankruptcy Plan Filed

Ezra Holdings filed with the U.S. Bankruptcy Court a Chapter 11 Plan and Ezra Holdings Limited’s Singapore Scheme of Arrangement and related Disclosure Statement. According to the Disclosure Statement,...

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Toys “R” Us Bankruptcy Bid Procedures Filed

Toys “R” Us filed with the U.S. Bankruptcy Court a motion for entry of an order establishing bidding procedures and approving the sale of certain real property and leases. The motion explains, “As the...

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Patriot National Bankruptcy Mediation Approved

The U.S. Bankruptcy Court approved Patriot National’s motion to (i) compel mediation of claims against the Debtors’ directors and officers (D&O) and (ii) temporarily stay related litigation pending...

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Rand Logistics Acquired by American Industrial Partners

Rand Logistics’ Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection with a materially de-levered balance sheet and dramatically...

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Castex Energy Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court entered an order confirming Castex Energy Partners’ Third Amended Joint Chapter 11 Plan. Among other things, the Plan provides for conversion of a substantial portion of the...

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Real Industry Bankruptcy Plan Filed

Real Industry filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Debtor filed its Chapter 11 Case in...

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OakridgeBankruptcy Extension Approved

The U.S. Bankruptcy Court approved Oakridge Holdings’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof. The order states, “The...

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Patriot National Bankruptcy Objection Filed

Aspen Specialty Insurance filed with the U.S. Bankruptcy Court an objection to Patriot National’s Disclosure Statement. According to the objection, “The Disclosure Statement is glaringly deficient in...

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HCR ManorCare to File Bankruptcy

On March 2, 2018, Quality Care Properties, Inc. (QCP) and HCR ManorCare, Inc. announced that they have reached an agreement to transition the ownership and leadership of HCR ManorCare, including its...

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BakerCorp International Ratings Lowered

On February 27, 2018, S&P Global Ratings lowered its corporate credit rating on BakerCorp International, Inc. to CCC+ from B-, its senior secured debt (including its $40 million revolver and $425...

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Patriot National Disclosure Statement Filed

Patriot National filed with the U.S. Bankruptcy Court an amended Disclosure Statement. According to the Disclosure Statement, “Pursuant to the Plan, all of the issued and outstanding equity interests...

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PhaseRx Docket Change Request Approved

The U.S. Bankruptcy Court approved PhaseRx’s motion for an order authorizing the Debtor to amend the case caption used in the Chapter 11 Case. As previously reported, “On February 1, 2018 the Court...

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Seadrill Settlement Approval Sought

Seadrill filed with the U.S. Bankruptcy Court a motion for entry of (a) stipulation and agreed order approving a settlement with Samsung Heavy Industries Co and (b) a stipulation and agreed order...

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COPSync Settlement Agreement Approval Sought

COPSync filed with the U.S. Bankruptcy Court a motion approving the settlement and compromise between the Debtor, on the one hand, and Kologik Capital, LLC (Kologik), on the other. The motion explains,...

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Appvion D.I.P. Financing Sought

Appvion filed with the U.S. Bankruptcy Court a motion to approve D.I.P. Financing. The financing motion explains, “Authorizing the Borrower to obtain a senior secured priming super priority multiple...

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Patriot National Objections Filed

Patriot National’s official committee of unsecured creditors and Trinidad Navarro, Insurance Commissioner of the State of Delaware, filed with the U.S. Bankruptcy Court separate objections to Debtors’...

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Cumulus Media Objection Filed

Cumulus Media’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to Debtor’s motion to continue certain ordinary course incentive compensation programs and...

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Cobalt International Energy Objections Filed

Multiple Parties–including Fire and Police Retiree Health Care Fund, San Antonio, GAMCO Global Gold, Natural Resources & Income Trust, GAMCO Natural Resources, Gold & Income Trust, Sjunde...

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