Verity Health System of California – UMB Bank and Wells Fargo Bank Obect to...
October 3, 2018 – Verity Health System of California’s creditors UMB Bank, as master indenture trustee, and Wells Fargo Bank, as indenture trustee, filed with the Court an objection [Docket No. 398] to...
View ArticleAmerican Tire Distributors – Files Chapter 11, Bondholders to Get 95% of...
October 4, 2018 – American Tire Distributors, Inc. and eight affiliated Debtors (collectively, the “Company” or “ATD”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleRMH Franchise Holdings – U.S. Trustee Objects to Disclosure Statement, Citing...
October 4, 2018 – The U.S Trustee in the RMH Franchise Holdings case filed an objection to the Debtors’ Disclosure Statement [Docket No. 603]. The Trustee asserts, “The U.S. Trustee objects to the...
View ArticleOrianna Health Systems – Court Approves $227 million Sale of Restructuring...
October 4, 2018 – The Court hearing the Orianna Health Systems’ case approved the sale of the Debtors’ “Restructuring Portfolio” pursuant to the terms of the Asset Purchase Agreement, dated August 13,...
View ArticleAmerican Tire Distributors – Seeks Approval to Obtain DIP Postpetition...
October 4, 2018 – American Tire Distributors requested Court authority to (i) obtain debtor-in-possession (“DIP”) post-petition secured financing and (ii) utilize cash collateral [Docket No. 15]. Bank...
View ArticleToys “R” Us – Cancels IP Auction, Stakeholders Plan Relaunch of Toys “R” Us...
October 1, 2018 – Toys “R” Us notfied the Court of its intention to cancel its scheduled intellectual property auction and its plans for a Toys “R” Us and Babies “R” Us branding company [Docket No....
View ArticleMattress Firm, Inc. – Files Chapter 11 Petition, Prepackaged Plan
October 5, 2018 – Mattress Firm and 40 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12241. Mattress Firm, which is...
View ArticleBrookstone – Court Approves Sale of Assets to Bluestar Subsidiary and Apex...
October 5, 2018 – The U.S. Bankruptcy Court hearing the Brookstone case has approved (i) the Debtors’ sale motion of August 8, 2018, (ii) the Debtors’ asset purchase agreement with BKST Brand Holdings...
View ArticleCommonwealth of Puerto Rico – Bondholders Urge Appointment of Receiver, Argue...
October 4, 2018 – National Public Finance Guarantee Corporation, Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Syncora Guarantee Inc. (collectively, the “Movants”), who are holders...
View ArticleToys “R” Us – PlayFusion Objects to Toys Delaware and Geoffrey Plans, Insists...
October 5, 2018 – PlayFusion Limited (“PlayFusion”) filed an objection [Docket No. 5149] to confirmation of the Second Amended Chapter 11 Plans of the Toys Delaware Debtors and Geoffrey Debtors [Docket...
View ArticleToys “R” Us – Toys Labuan Objects to Toys Delaware Debtors and Geoffrey...
October 5, 2018 – Toys (Labuan) Holding Limited (hereinafter, “Toys Labuan” or the “Asia JV”) objected [Docket No. 5152] to confirmation of the Second Amended Chapter 11 Plans of the Toys Delaware and...
View ArticleMattress Firm – Seeks Approval for DIP Financing of $250 million, Consisting...
October 5, 2018 – Mattress Firm requested Court approval for postpetition, debtor-in-possession (“DIP”) financing [Docket No. 16] in respect of which Barclays Bank PLC is to serve as administrative...
View ArticleAmerican Tire Distributors – Gets Interim Approval For DIP Financing
October 5, 2018 – The Court hearing the American Tire Distributors’ case issued an order authorizing the Debtors to (i) obtain interim debtor-in-possession (“DIP”) postpetition financing and (ii)...
View ArticleAmerican Tire Distributors – Files Settlement with Holders of a majority of...
October 5, 2018 – American Tire Distributors (“ATD”) notified the Court that it had reached a settlement with holders of a majority of its term loans whereby those holders have agreed to support the...
View ArticleOak Point Partners, Inc. acquires remnant assets of the marchFIRST, Inc....
October 31, 2016 – Oak Point Partners, Inc. acquired the remnant assets of the marchFIRST, Inc. bankruptcy estate in October 2016. On April 11, 2001, MarchFIRST, Inc. filed a voluntary petition for...
View ArticleGibson Brands – DHS, CBP and IRS Object to Plan, Citing Failure to Pay Tax...
September 28, 2018 – The U.S. Department of Homeland Security (“DHS”), the U.S. Customs and Border Protection (“CBP”) and the U.S. Internal Revenue Service (“IRS”), filed an objection [Docket No. 835]...
View ArticleMattress Firm – Seeks Approval for Exit Commitment Letter, Treatment of...
October 5, 2018 – Mattress Firm requested Court authority (i) to agree and execute an exit commitment letter (the “Exit Commitment Letter”), (ii) to agree to a commitment fee (the “Commitment Fee”)...
View ArticleWestmoreland Coal Company – Files Chapter 11, Announces Restructuring Support...
October 9, 2018 – Westmoreland Coal Company (“Westmoreland”) and 36 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number...
View ArticleRMH Franchise Holdings – Files Plan Amendment, Plan Sponsor ACON Commits to...
October 9, 2018 – RMH Franchise Holdings filed a First Amended Joint Plan of Reorganization [Docket No. 618] and related Disclosure Statement [Docket No. 620]. The Disclosure Statement notes,” The Plan...
View ArticleToys “R” Us – Seeks Auction of Shared Services Business, Term B Lenders to...
October 9, 2018 – Toys “R” Us requested Court authority for bidding procedures in respect of the sale of its shared services business (the “Shared Services Business”) [Docket No. 5199]. Central to the...
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