Nine West Holdings – Creditors Committee Seeks Authority to Prosecute...
October 13, 2018 – Nine West Holdings’ (NWHI) Official Committee of Unsecured Creditors requested Court authority to commence and prosecute certain claims on behalf of the NWHI estate and exclusive...
View ArticleRMH Franchise Holdings – Files Amended Credit Agreement Term Sheet
October 11, 2018 – RMH Franchise Holdings filed “Term Sheet for Amended Credit Agreement” as Exhibit C to its First Amended Joint Chapter 11 Plan of Reorganization [Docket No. 630]. The term sheet...
View ArticleOak Point Partners, LLC acquires remnant assets of the Brobeck, Phleger and...
September 4, 2015 – Oak Point Partners acquired the remnant assets of Brobeck, Phleger and Harrison LLP Bankruptcy Estate in September 2015. On September 17, 2003, an involuntary petition for chapter 7...
View ArticleAmerican Tire Distributors – Files Joint Plan of Reorganization & Related...
October 15, 2018 – American Tire Distributors filed a Joint Plan of Reorganization [Docket No. 152] and related Disclosure Statement [Docket No. 153]; and scheduled a November 15, 2018 hearing to...
View ArticleSears Holdings – Seeks Approval for Store Liquidation Sales, Names 142 Stores...
October 15, 2018 – Sears Holdings filed with the Court a motion seeking approval of (i) procedures for store closing sales and (ii) assumption of a liquidation consulting agreement with Abacus Advisors...
View ArticleRMH Franchise Holdings – Court Approves Disclosure Statement, Confirmation...
October 15, 2018 – The Court hearing the RMH Franchise Holdings case approved the Disclosure Statement related to the Company’s First Amended Joint Plan of Reorganization [Docket No. 648]. As...
View ArticleSears Holdings – Seeks DIP Financing of $1.83 billion, Commits to May 14,...
October 15, 2018 – Sears Holdings requested Court approval for postpetition, debtor-in-possession (“DIP”) financing and the use of cash collateral [Docket No. 7]. The financing motion explains, “The...
View ArticleMission Coal Company – Files Chapter 11, Plans Asset Sale
October 16, 2018 – Mission Coal Company (“Mission Coal” or the “Company”) and 10 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Alabama,...
View ArticleThe Relay Company (f/k/a The Rockport Company) – Files Combined Plan and...
October 16, 2018 – The Relay Company (f/k/a The Rockport Company) filed a Combined Plan and Disclosure Statement [Docket No. 554] and a related blackline which notes changes from the version filed on...
View ArticleRex Energy Corporation – Amended Plan of Liquidation Confirmed
October 16, 2018 – The Court hearing the Rex Energy Corporation case issued an order confirming the Debtors’ Amended Plan of Liquidation [Docket No. 1011]. The Debtors shifted to a Plan of Liquidation...
View ArticleToys “R” Us – Taj Noteholders Claim Proposed Sale of Shared Services Business...
October 16, 2018 – The Ad Hoc Group of Taj Noteholders filed an objection [Docket No. 5291] to the proposed sale of the Debtors’ Shared Services Business [Docket No. 5199]. The Noteholders assert, “The...
View ArticleSears Holdings – Gets Interim Approval on DIP Financing, Access to $300...
October 16, 2018 – The Court hearing the Sears Holdings case approved the Debtors’ interim request to (i) borrow pursuant to the terms of a senior secured superpriority priming non-amortizing...
View ArticleMission Coal Company – Gets Interim Access to $25 million of $56 million in...
October 16, 2018 – Mission Coal Company requested Court authority [Docket No. 34] to obtain postpetition, debtor-in-possession (“DIP”) financing consisting of a superpriority priming multiple-draw term...
View ArticleGreenTech Automotive – Files Amended APA, Golden Resources Comes Back to...
October 17, 2018 – GreenTech Automotive (“GreenTech”) and WM Industries Co (“WMIC”) filed an amended bidding procedures motion [Docket No. 328]. The motion notes, “The Bid Procedures Motion included as...
View ArticleVerity Health System of California – Creditors Object to Sale Motion, Citing...
October 17, 2018 – Creditors UMB Bank, N.A., as master indenture trustee, and Wells Fargo Bank, National Association, as indenture trustee (together, the “Secured Parties) filed an objection [Docket...
View ArticlePacific Drilling – Amends Plan Supplement, Files Key Exhibits
October 17, 2018 – Pacific Drilling filed with the Court a supplement in connection with the Joint Chapter 11 Plan of Reorganization for certain of the Debtors [Docket No. 674]. The supplement contains...
View ArticleGenOn Energy – Court Schedules November 1, 2018 Hearing to Approve Disclosure...
October 17, 2018 – The Court hearing the GenOn Energy case issued an order (i) scheduling a combined Disclosure Statement approval and Plan confirmation hearing, (ii) establishing a Plan and Disclosure...
View ArticleJ & M Sales – Court Approves Auction Results , Pegasus Trucking Acquires 84...
October 17, 2018 – The Court hearing the J & M Sales case (i) approved the results of an auction held by the Debtors on October 8, 2108 and (ii) authorized the Debtors’ asset purchase agreement...
View ArticleNoble Group Limited – Global Commodity Traders File for Chapter 15, Pursue UK...
October 17, 2018 – Noble Group Limited (Noble or the “Company”) filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-13133. [Docket...
View ArticleNine West Holdings – Amended Plan and Disclosure Statement Detail Sycamore...
October 17, 2018 – Nine West Holdings (“NWHI”) filed with the Court a First Amended Joint Plan of Reorganization [Docket No. 749] and related Disclosure Statement [Docket No.750]. Press...
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