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...
View ArticleBon-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...
View ArticleEzra 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,...
View ArticleToys “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...
View ArticlePatriot 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...
View ArticleRand 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...
View ArticleCastex 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...
View ArticleReal 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...
View ArticleOakridgeBankruptcy 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...
View ArticlePatriot 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...
View ArticleHCR 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...
View ArticleBakerCorp 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...
View ArticlePatriot 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...
View ArticlePhaseRx 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...
View ArticleSeadrill 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...
View ArticleCOPSync 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,...
View ArticleAppvion 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...
View ArticlePatriot 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’...
View ArticleCumulus 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...
View ArticleCobalt 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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