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...
View ArticleSears 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...
View ArticleDavid’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...
View ArticleNORDAM 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...
View ArticleCheckout 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”)...
View ArticleFULLBEAUTY 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...
View ArticleAngel 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...
View ArticleNine 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...
View ArticleWaypoint 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...
View ArticleSidley 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...
View ArticleiHeartMedia – 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...
View ArticleLBI 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...
View ArticleSears 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...
View ArticleRepublic 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...
View ArticleUS 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...
View ArticleActiveCare – 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]....
View ArticleLBI 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....
View ArticleLBI 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...
View ArticleSears 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...
View ArticleJudge 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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