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Oak Point Partners, LLC acquires remnant assets of the Phoenix Brands...

October 2018 – Oak Point Partners acquired the remnant assets of the Phoenix Brands Liquidating Trust (Phoenix Brands) in October 2018. On May 19, 2016, Phoenix Brands and its affiliates filed a...

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Sears Holdings Corp – Fate of Debtors Hangs in Balance as Weekend of Anxious...

January 6, 2019 – At exactly 4pm (EST) on Friday an offer by Edward Lampert’s ESL Investments, Inc. (“ESL”) to purchase 425 of the Debtors’ stores on an ongoing basis (the “Going Concern Proposal”) and...

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David’s Bridal – Court Approves Disclosure Statement and Confirms Chapter 11...

January 4, 2019 – The Court hearing the David’s Bridal case issued an order [Docket No. 279] approving the adequacy of the Debtors’ Disclosure Statement and confirming the Debtors’ Joint Prepackaged...

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NORDAM Group – Files Solicitation Versions of Plan and Disclosure Statement,...

January 3, 2019 – The NORDAM Group filed solicitation versions of its First Amended Joint Postpackaged and a related Disclosure Statement [Docket Nos. 848 and 849] and blacklines of the two documents...

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Checkout Holding (Catalina Marketing) – Nielsen Objects to DIP Motion’s...

January 4, 2019 – The Nielsen Company (US) and NC Ventures (together, the “NCS Claimants”) objected [Docket No. 159] to the Debtors’ request for authority to enter into debtor-in-possession (“DIP”)...

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FULLBEAUTY Brands– Plus-Size Retailer Publishes Joint Prepackaged Chapter 11...

January 4 , 2019 – Plus-size retailer FULLBEAUTY Brands (FULLBEAUTY or the “Debtors”) has published a Joint Prepackaged Chapter 11 Plan and related Disclosure Statement in advance of filing a Chapter...

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Angel Medical Systems – Files Prepackaged Chapter 11 Plan and Disclosure...

December 31, 2018 – The Debtors filed a Prepackaged Chapter 11 Plan of Reorganization and related Disclosure Statement [Docket Nos. 4 and 5] and requested a combined hearing for approval of the Plan...

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Nine West Holdings – Filed Plan Supplement, Key Corporate and Exit Financing...

January 7, 2018 – The Debtors filed a supplement [Docket No. 1045] in respect of their First Amended Joint Plan of Reorganization filed on November 14, 2018 [Docket No. 867].   The supplement attached...

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Waypoint Leasing Holdings – Cancels Auction for Helicopter Fleet, $650mn...

January 7, 2019 – The Debtors notified [Docket No. 216] the Court hearing the Waypoint Leasing case that pursuant to procedures established in the Court’s bidding procedures order (specifically the...

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Sidley Austin Announces Pair of Additions to Global Restructuring Practice,...

January 9, 2019 – Sidley Austin LLP announced a pair of additions to its global restructuring practice; Mark Knight who will join Sidley in London as a partner and Charles Persons who will join...

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iHeartMedia – Court Denies United States Stay Motion on Confirmation of Plan...

January 8, 2019 – The Court hearing the iHeartMedia case issued an order denying [Docket No. 2378] the United States’ motion [Docket No. 2373] for a stay of the January 10 Plan confirmation hearing...

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LBI Media – TMI and Cowen Object to Disclosure Statement, Argue Insufficient...

January 8, 2019 – TMI Trust Company (“TMI”), in its capacity as trustee for the Debtors’ 11% Senior PIK Toggle Notes due April 30, 2022 (the “PIK Notes”), filed an objection [Docket No. 283] to the...

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Sears Holdings – Former Non-Debtor Affiliate SRE Holding Corporation Files...

January 7, 2019 – SRE Holding Corporation (“SRE”), a subsidiary of Sears Holdings Corporation and until now a non-Debtor affiliate sitting outside of the Debtors’ bankruptcy process, filed a Chapter 11...

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Republic Metals Corporation – Chooses Valcambi as Stalking Horse Bidder, Will...

January 8, 2019 – The Debtors notified the Court hearing the Republic Metals Corporation (“RMC”) case that, pursuant to a stalking horse agreement (the “Stalking Horse APA”) entered into as of January...

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US govt fails again in attempt to pause bankruptcy proceedings with...

January 9, 2019 – The United States government failed again in its attempts to stay bankruptcy proceedings, this time over a January 10 hearing for iHeartMedia’s plan of reorganization.   The US...

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ActiveCare – Files Combined Plan and Disclosure Statement, Absent Any...

January 9, 2019 – ActiveCare filed a combined Chapter 11 Plan and Disclosure Statement [Docket No. 261] and requested interim Court approval of the adequacy of the combined document [Docket No. 262]....

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LBI Media – Notes Trustee Objects to Adequacy of Disclosure Statement, Citing...

January 9, 2019 – U.S. Bank National Association (“USBNA”) objected [Docket No. 291] to the adequacy of the Debtors’ Disclosure Statement [Docket No. 45] citing numerous informational deficiencies....

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LBI Media – Noteholder Group Files Scathing Objection to Disclosure Statement

January 9, 2019 – The Ad Hoc Group of Noteholders (the “Noteholder Group”) objected emphatically [Docket No. 293] to the Debtors’ motion for an order approving the adequacy of the Debtors’ Disclosure...

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Sears Holdings – Third Time Lucky? Edward Lampert’s ESL Files Revised $5bn...

Sears Holdings – Third Time Lucky? Edward Lampert’s ESL Files Revised $5bn Bid, Offer on Table Until 5pm on January 13 January 10, 2019 –  In a letter dated January 9, 2019 and addressed to Lazard...

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Judge Slams McKinsey as Reopens Alpha Natural Resources Bankruptcy Case

January 10, 2019 – Bankruptcy is a lucrative business for those doling out the advice and accusations of conflicts of interest are not uncommon. However, even by these standards the move by a judge in...

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