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Quadrant 4 Systems 401(K) Termination Sought

Stratitude (a wholly-owned subsidiary of Quadrant 4 Systems) filed with the U.S. Bankruptcy Court a motion for entry of order an order authorizing termination of the Debtor’s 401(k) plan and for...

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Patriot National Bankruptcy Plan Filed

Patriot National filed with the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of Reorganization and a Second Amended Disclosure Statement. According to the Disclosure Statement, “The Plan...

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Breitburn Energy Bankruptcy Plan Denied

The U.S. Bankruptcy Court issued an order denying confirmation of Breitburn Energy Partners’ Third Amended Joint Chapter 11 Plan. According to documents filed with the Court, “The Court conducted a...

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Zohar Funds Bankrupt

Privately-held Zohar III and five affiliated Debtors (collectively, “Zohar Funds”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10512....

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Orexigen D.I.P. Financing Approval Sought

Orexigen Therapeutics filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders approving D.I.P. financing; authorizing use of cash collateral; granting adequate protection...

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Aeropostale Bankruptcy Objections Filed

Multiple parties–including the SEC, the Louisiana Department of Revenue and the U.S. Trustee assigned to the Aeropostale case–filed with the U.S. Bankruptcy Court separate objections to Aeropostale’s...

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Real Industry Exclusivity Termination Sought

Real Industry’s ad hoc committee of equity security holders filed with the U.S. Bankruptcy Court a motion for an order terminating the Debtor’s exclusivity in order to allow the ad hoc committee to...

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Bon-Ton Bankruptcy Sale Notice Filed

Bon-Ton Stores filed with the U.S. Bankruptcy Court a notice of the sale of property free and clear of liens and of entered bidding procedures order and proposed sale. The sale notice states, “The...

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Toys “R” Us Bankruptcy Objection Filed

DDR Corp., GGP LP, Shopcore Properties, Philips International, National Retail Properties, National Realty & Development, Rouse Properties, Basser-Kaufman, Regency Centers, Aston Properties, DLC...

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Pacific Drilling Compensation Approved

The U.S. Bankruptcy Court approved Pacific Drilling’s motion to (a) pay certain earned ordinary course compensation and (b) continue compensation programs in the ordinary course of business on a...

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Walking Company Bankruptcy Exhibit Added

Walking Company Holdings filed with the U.S. Bankruptcy Court Exhibit B to the Disclosure Statement for the Debtors’ Joint Plan of Reorganization. The notice states, “Exhibit B to the Disclosure...

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Appvion Bankruptcy Sale, Auction Notice Filed

Appvion filed with the U.S. Bankruptcy Court a notice of sale procedures, auction date and a sale hearing. The notice states, “The Debtors seek, among other things, to sell certain of their tangible...

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Real Industry Bankruptcy Objection Filed

Real Industry filed with the U.S. Bankruptcy Court an objection to the ad hoc committee of equity security holders’ motion to shorten notice with respect to the ad hoc committee’s motion to (1)...

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iHeartMedia Bankrupt

iHeartMedia (f/k/a CC Media Holdings) and more than 35 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 18-31274....

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Patriot National Bankruptcy Plan Filed, DS Approved

Patriot National filed with the U.S. Bankruptcy Court a Second Amended Joint Chapter 11 Plan of Reorganization and Third Amended Disclosure Statement. The Disclosure Statement notes, “Pursuant to the...

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First NBC Bank Holding Bankruptcy Plans Filed

First NBC Bank Holding filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The classes of Claims against...

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Pacific Drilling Bankruptcy Objections Filed

Multiple parties – including Pacific Drilling’s ad hoc group of debtholders, Wilmington Trust, Citibank and Deutsche Bank Trust Company Americas – filed with the U.S. Bankruptcy Court separate...

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Toys “R” Us Bankruptcy Liquidation Approval Sought

Toys “R” Us filed with the U.S. Bankruptcy Court a motion for entry of orders authorizing the Debtors to wind-down U.S. operations, authorizing the Debtors to conduct U.S. store closings, establishing...

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iHeartMedia Chapter 11 Bankruptcy Report Available

The largest—by a VERY wide margin—Chapter 11 case thus far in 2018, iHeartMedia initiated its $13 billion U.S. Bankruptcy Court filing with an agreement in principle to “definitively address the more...

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Cenveo Bankruptcy Examiner Approved

The U.S. Bankruptcy Court approved Brigade Capital Management’s motion to appoint an examiner to the Cenveo case. The order states, “The Motion is granted solely as provided herein, and the United...

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