Westmoreland Coal Company – Affiliated Debtors Object to Their Own Plan as...
January 29, 2019 – Westmoreland Resource Partners, LP (“WMLP”) and certain of its subsidiaries (collectively, the “WMLP Debtors”) objected to the Debtors’ Joint Chapter 11 Plan (“WLB Plan”) [Docket No....
View ArticleToys “R” Us – Court Confirms Second Amended Chapter 11 Plan of Wayne Real...
January 29, 2019 –The Court hearing the Toys “R” Us case issued an order [Docket No. 6328] confirming the Second Amended Chapter 11 Plan of Wayne Real Estate Parent LLC (the “Wayne Debtor”) [Docket No....
View ArticleCheckout Holding – Creditors Representing $1.55bn of Debt Vote Overwhelmingly...
January 29, 2019 – The Debtors’ claims agent notified the Court of the results of Plan voting [Docket No. 255]. Two voting classes were entitled to vote on the Plan and each of them voted to accept. As...
View ArticleSynergy Pharmaceuticals – U.S. Trustee Appoints Official Equity Committee as...
January 29, 2019 – The U.S. Trustee assigned to the Synergy Pharmaceuticals case appointed an Official Committee of Equity Security Holders of the Debtors to be comprised of (i) Samuel Goldstein of...
View ArticlePG&E Corporation – Seeks Authorization for $5.5bn in DIP Financing, Needs...
January 29, 2019 – The Debtors filed a motion requesting Court authority to access $5.5bn of debtor-in-possession (“DIP”) financing comprised of three components: (i) a DIP revolving credit facility...
View ArticlePG&E Corporation – Bondholders Object to Joint Administration, Wants...
January 29, 2019 – In a first bit of jockeying on the constitution of the Debtors’ classes, the Debtors’ Ad Hoc Group of Institutional Bondholders (the “Ad Hoc Group”) objected to the Debtors’ motion...
View ArticleSam Kane Beef heads toward the slaughterhouse
January 30, 2019 – In the end, there was just not enough meat on the bone for Sam Kane Beef Processors to complete its original plan to be sold to a stalking horse bidder, with the debtors filing a...
View ArticleParker Drilling Company – Amends Restructuring Support Agreement to Include...
January 28, 2019 – The Debtors notified the Court that (i) on January 28, 2019, the Debtors and the necessary consenting stakeholders executed a first amendment to the Debtors’ restructuring support...
View ArticleSam Kane Beef Processors – Court Approves Bidding Procedure and Schedules...
January 30, 2019 – Responding to the Debtors’ emergency motion of January 29, 2019 [Docket No. 49], the Court issued an order [Docket No. 64] (i) approving auction and bidding procedures, (ii)...
View ArticleMission Coal Company – Bankruptcy Process Threatened as DIP Lenders Object to...
January 30, 2019 – The Debtors’ debtor-in-possession (“DIP”) lenders have objected [Docket No. 614] to the Debtors’ request for Court approval of (i) the adequacy of Debtors’ Disclosure Statement and...
View ArticleMintz & Gold Taps Andrew Gottesman to Lead Its New Bankruptcy and...
January 30, 2019 – Mintz & Gold announced the hiring of Andrew Gottesman to lead the firm’s new Bankruptcy and Restructuring Practice In a press release announcing the hiring, Mintz & Gold...
View ArticleMayflower Communities, Inc. – Luxury Senior Living Facility Files Chapter 11,...
January 31, 2019 – Mayflower Communities, Inc. (“Mayflower,” d/b/a The Barrington of Carmel) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case...
View ArticlePetroQuest Energy – Court Approves First Amended Chapter 11 Plan, Debtors...
January 31, 2019 – The Court hearing PetroQuest Energy case entered an order confirming the Debtors’ First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January 28, 2019...
View ArticleHooper Holmes – Court Approves Amended Joint Amended Plan of Liquidation of...
January 31, 2019 – The Court hearing the Hooper Holmes (d/b/a Provant Health) case entered an order confirming the Debtors’ Amended Joint Plan of Liquidation, [Docket No. 361]. On, August 28, 2018,...
View ArticleCheckout Holding – Court Confirms Joint Prepackaged Chapter 11 Plan; Catalina...
January 31, 2019 – The Court hearing the Checkout Holding case approved the adequacy of the Debtors’ Disclosure Statement and confirmed the Joint Prepackaged Chapter 11 Plan of Checkout Holding Corp....
View ArticleBon-Ton Stores – Court Approves Dismissal of Cases as Last Funds Dry Up,...
January 31, 2019 – In a hearing held on January 31, 2019, the Court hearing the Bon-Ton Stores case granted the Debtors’ motion [Docket No. 1280] for entry of an order dismissing the Debtors’ Chapter...
View ArticleBankruptcy Battle Looms over PG&E’s Renewable Energy Contracts
Amid the blizzard of first-day motions when PG&E Corporation filed for bankruptcy on January 29 was a complaint against the Federal Energy Regulatory Commission (FERC) over its contention that it...
View ArticleEgalet Corporation – Notifies Court of January 31, 2019 Effectiveness Date,...
February 1, 2019 – The Debtors notified [Docket No. 261] the Court hearing the Egalet Corporation case that the Debtors’ First Amended Chapter 11 Plan of Reorganization became effective as of January...
View ArticleFULLBEAUTY Brands Holdings Corp. – Files Pre-Packaged Chapter 11, Expects to...
February 3, 2019 – Plus-size clothing retailer FULLBEAUTY Brands and nine affiliated Debtors (“FULLBEAUTY” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleFULLBEAUTY Brands Holdings – U.S. Trustee Objects to 24 Hour...
February 4, 2019 – The U.S. Trustee in the FULLBEAUTY Brands Holdings case objected [Docket No. 34] to the Debtors’ Amended Joint Prepackaged Chapter 11 Plan of Reorganization [Docket No. 11] arguing...
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