Westmoreland Coal Company – Union Objects to Debtors’ Valued Employee...
December 17, 2018 – The International Union of Operating Engineers, Local 953, AFL-CIO (“IUOE”) objected to the Debtors’ “Valued Employee Program [Docket No. 811] on the grounds that excluding the...
View ArticleDavid’s Bridal – Receives Interim Approval of DIP Financing, Including $125...
November 20, 2018 – The Court hearing the David’s Bridal case issued an interim order approving the Debtor’s proposed debtor-in-possession (“DIP”) financing [Docket No. 102] to be provided through Bank...
View ArticleDavid’s Bridal – Court Issues Final Order Approving $185mn in DIP Financing,...
December 18, 2018 – David’s Bridal has received Court authority for (i) a pair of debtor-in-possession (“DIP”) credit facilities (ii) its continued use of cash collateral [Docket No. 221]. As...
View ArticleSears Holdings – Wilmington Trust Objects to Cyrus Capital’s Junior DIP Loan,...
December 13, 2018 – Wilmington Trust, National Association (“Wilmington”), the Trustee in respect of the Debtors’ 6 5/8% Senior Secured Notes due 2018, objected to the Debtors’ motion requesting...
View ArticleOak Point Partners, LLC acquires remnant assets of the Arter & Hadden, LLP...
October 24, 2017 – Oak Point Partners acquired the remnant assets of the Arter & Hadden, LLP Bankruptcy Estate (Arter & Hadden) in October 2017. On October 6, 2003, an involuntary petition was...
View ArticleOak Point Partners, LLC acquires remnant assets of the Lehr Construction...
July 18, 2018 – Oak Point Partners acquired the remnant assets of the Lehr Construction Corp. Bankruptcy Estate (Lehr Construction) in July 2018. On February 21, 2011, Lehr Construction filed a...
View ArticleAmerican Tire Distributors – Court Confirms Plan, Debtors Look to Emerge...
December 19, 2018 – The Court hearing the American Tire Distributors case confirmed [Docket No. 620] the Debtors’ Amended Joint Chapter 11 Plan of Reorganization (as Modified) [Docket No. 615]. The...
View ArticleThe Relay Company (f/k/a The Rockport Company) – Court Approves Adequacy of...
December 19, 2018 – The Court hearing The Relay Company (f/k/a The Rockport Company) case (i) approved the adequacy of the Debtors’ Combined Disclosure Statement and Chapter 11 Plan of Liquidation; and...
View ArticleThe Relay Company (f/k/a The Rockport Company) – Files Amended Combined Plan...
December 17, 2018 – The Relay Company (f/k/a The Rockport Company) filed a Combined Plan and Disclosure Statement [Docket No. 649] and a blackline of the amended Combined Plan and Disclosure Statement...
View ArticleGlansaol – Files Chapter 11, Plans Going Concern Sale to AS Beauty
December 19, 2018 – Glansaol and seven affiliated Debtors filed for Chapter 11 protection [Docket No. 1] with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-14103....
View ArticleFrank Theatres Bayonne/South Cove, LLC – Files Chapter 11, Details Slide into...
December 20, 2018 – Frank Theatres Bayonne/South Cove, LLC and 23 affiliated Debtors (Frank Theatres” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleSears Holdings Corporation – Agent for Senior Lending Facility Objects to...
December 20, 2018 – SL Agent objected [Docket No. 1357] to the Debtors’ motion for the sale of property [Docket No. 938]. SL Agent is the agent for the Debtors’ Third Amended and Restated Loan...
View ArticleSynergy Pharmaceuticals – Court Approves $8mn in New Money Interim DIP Financing
December 24, 2018 – The Court hearing the Synergy Pharmaceuticals case issued a second interim order [Docket No. 113] authorizing the Debtors to access (i) interim debtor-in-possession (“DIP”)...
View ArticleToys “R” Us – Files Chapter 11 Plan and Disclosure Statement of Wayne Real...
December 24, 2018 – Toys “R” Us filed a Chapter 11 Plan [Docket No. 6053] and a related Disclosure Statement [Docket No. 6054] of Wayne Real Estate Parent Company (Toys “R” Us, the “Debtors,” and Wayne...
View ArticleMission Coal Company – Court Approves Bidding Procedure, DIP Lenders’ Credit...
December 21, 2018 – The Court hearing the Mission Coal Company case issued an order [Docket No. 490] approving (i) bidding procedures in respect of the sale of the Debtors’ assets and (ii) the proposed...
View ArticleSears Holdings – Court Approves $60 million Sale of Home Improvement Business...
December 26, 2018 – Further to a sale hearing held on December 18, 2018, The Court hearing the Sears Holdings case approved the $60 million sale of the Debtors’ Home Improvement Business to stalking...
View ArticlePromise Healthcare Group – Seeks Approval for Bidding Procedures and Stalking...
December 26, 2018 – Promise Healthcare Group requested Court approval of (i) bidding procedures in respect of the sale of the certain assets (the “Select Assets”) to Select Medical Corporation, (b)...
View ArticleToys “R” Us – U.S. Trustee Objects to the Adequacy of Wayne Disclosure...
December 26, 2018 – The U.S. Trustee objected [Docket No. 6058] to the Debtors’ motion for Court approval of the adequacy of the Wayne Real Estate Parent Company, LLC (“Wayne”) Disclosure Statement...
View ArticleWaypoint Leasing Holdings – Court Approves Bidding Procedures for $650mn Sale...
December 21, 2018 – The Court hearing the Waypoint Leasing Holdings case issued an order [Docket No. 159] approving the Debtors’ proposed bidding procedures and bid protections (including a $19.5mn...
View ArticleSears Holdings – News Report Indicate that Edward Lampert’s ESL Has Tabled...
December 28, 2018 – Edward Lampert’s ESL, Investment, Inc. (“ESL”) reportedly submitted an offer for a substantial portion of the Debtors’ assets just moments in advance of an impending Court deadline....
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