American Tire Distributors – Court Issues Final DIP Financing Order
October 26, 2018 – The Court hearing the American Tire Distributors case issued a final order authorizing the Debtors to (i) obtain debtor-in-possession (“DIP”) financing and (ii) utilize cash...
View ArticleOpen Road Films – Court Approves Bid Procedures and Form of APA
October 26, 2018 – The Court hearing the Open Road Films case approved (a) bid and sale procedures relating to the sale of the Debtors’ assets (including stalking horse protections and a proposed...
View ArticleGibson Brands – Files Fifth Amended Plan Supplement, Includes Key Management...
October 26, 2018 – Gibson Brands filed with the Court a Fifth Amended Plan Supplement to its Joint Plan of Reorganization [Docket No. 931]. The supplement contains the following documents: Exhibit A –...
View ArticleSears Holdings – Shipper Yang Ming Objects to DIP Financing, Intends to...
October 26, 2018 – Yang Ming (America) & Yang Ming Marine Transport (together, “Yang Ming”) filed an objection [Docket No. 329] to the Debtors’ DIP Financing [Docket No. 7]. The objection asserts,...
View ArticleSears Holdings – Gets Interim Approval for Store Liquidation Sales Expected...
October 26, 2018 – The Court hearing the Sears Holdings’ case approved on an interim basis the Debtors’ motion seeking approval of (i) procedures for store closing sales and (ii) the assumption of a...
View ArticleOak Point Partners acquires remnant assets of the Factory 2-U Stores, Inc....
May 13, 2015 – Oak Point Partners acquired the remnant assets of the Factory 2-U Stores, Inc. Bankruptcy Estate in May 2015. On July 13, 2004, Factory 2-U Stores, Inc. and its related entities...
View ArticleRMH Franchise Holdings – Files Plan Supplement, Includes Valuation Summary...
October 29, 2018 – RMH Franchise Holdings filed a Plan Supplement to its First Amended Joint Chapter 11 Plan of Reorganisation [Docket No. 690]. The supplement contains the following documents: Exhibit...
View ArticleMattress Firm – Receives Final Approval for DIP Financing of $250 million,...
October 29, 2018 – The Court hearing the Mattress Firm case approved on a final basis the Debtors’ debtor-in-possession (“DIP”) financing [Docket No. 436] in respect of which Barclays Bank PLC is to...
View ArticleMattress Firm – Court Approves Exit Commitment Letter, Treatment of...
October 29, 2018 – The Court hearing the Mattress Firm case authorized the Debtors (i) to agree and execute an exit commitment letter (the “Exit Commitment Letter”), (ii) to agree to a commitment fee...
View ArticleZohar III – Patriach Objects to Debtors’ Cash Collateral Motion, Which...
October 30, 2018 – Patriarch Partners XV, Octaluna, Octaluna II, and Octaluna III (collectively, the “Patriarch Secured Parties”) Patriarch Partners, Patriarch Partners VIII, and Patriarch Partners...
View ArticleRMH Franchise Holdings – Applebee’s Objects to “Complete Travesty” of Plan,...
October 29, 2018 – Dine Brands Global, Inc. and its subsidiaries, Applebee’s Restaurants LLC and Applebee’s Franchisor LLC (collectively, “Applebee’s”) filed an objection [Docket No. 693] to RMH...
View ArticleNine West Holdings – Files Revised Disclosure Statement, Includes Extensive...
October 29, 2018 – Nine West Holdings filed a Revised Disclosure Statement [Docket No. 783] for its First Amended Joint Plan of Reorganization. The filing includes a blackline noting cumulative changes...
View ArticleEgalet Corporation – Files Chapter Chapter 11, Announces Asset Purchase...
October 31, 2018 – Egalet Corporation and two affiliated Debtors (together, “Egalet” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead...
View ArticleBrookstone – September M.O.R. Reports Net Loss of $14.6 million on $19.4...
October 31, 2018 – Brookstone filed with the U.S. Bankruptcy Court a monthly operating report for September 2018 [Docket No. 673]. For the month, the Debtor reported a net loss from operations of $13.9...
View ArticleEXCO Resources – BHP and Azure File Separate Objections to Disclosure Statement
October 30, 2018 – BHP Billiton Petroleum (KCS Resources) and several affiliated companies (collectively, “BHP”) filed an objection [Docket No. 1180] to EXCO Resources’ Disclosure Statement [Docket No....
View ArticleGastar Exploration – Files Pre-Packaged Chapter 11, Ares to Hold 100% of...
October 31, 2018 – Gastar Exploration (OTCQB: GSTC) and one affiliated Debtor (together, the “Company” or “Gastar”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleEgalet Corporation – Files Plan and Disclosure Statement, Exhibits Include...
October 31, 2018 – Egalet Corporation filed a Chapter 11 Plan of Reorganization [Docket No. 16] and related Disclosure Statement [Docket No. 17]. The Disclosure Statement notes, “The Plan and this...
View ArticleGenOn Energy – Approves NRG REMA Disclosure Statement and Confirms...
November 1, 2018 – The Court hearing the GenOn Energy case approved the Disclosure Statement of Debtor affiliate NRG REMA and confirmed NRG REMA’s Joint Prepackaged Chapter 11 Plan of Reorganization...
View ArticleSears Holdings – Seeks Approval for Off-the-Shelf Bidding Procedures, Sets...
November 1, 2018 – Sears Holdings requested Court approval of global bidding and sale procedures [Docket No. 429]. The Court document explains, “By this Motion, the Debtors seek approval of global...
View ArticleOrion Healthcorp – Parmar Entities Seek Appointment of a Trustee or Examiner,...
November 1, 2018 – Parmjit Singh Parmar and entities he controls (collectively, the “Parmar Entities”) requested that the Court hearing the Orion Healthcorp case appoint a trustee or an examiner...
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