Shale Support Global Holdings, LLC – Supplier of Fracking Sand Files Chapter...
July 11, 2019 − Privately-held Shale Support Global Holdings, LLC and seven affiliated Debtors ("Shale Support" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleOak Point Partners, LLC acquires remnant assets of Laclede Steel Company
December 12, 2018 – Oak Point Partners acquired the remnant assets of Laclede Steel Company in December 2018. On July 27, 2001, Laclede Steel filed a voluntary petition under chapter 11 of the...
View ArticleEmerge Energy Services LP – Second Frac Sand Company to File Chapter 11 in...
July 16, 2019 − Publicly-traded Emerge Energy Services LP (formerly NYSE: EMES and now OTC: EMESZ) and four affiliated Debtors ("Emerge Energy" or the "Debtors") filed for Chapter 11 protection with...
View ArticleCenter City Healthcare – Notwithstanding Limited Interest to Date, Seeks...
July 16, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sales order. The bidding procedures order would (i) approve bidding procedures in respect of the sale(s)...
View ArticlePG&E Corporation – Objects to Noteholders Request to Terminate Exclusivity,...
July 18, 2019 – The Debtors objected to a motion filed by the Ad Hoc Committee (defined below) to terminate the Debtors’ exclusive Plan filing and solicitation periods (the “Termination Motion”)...
View ArticleBlackhawk Mining, LLC – Kentucky Coal Miner Files Prepackaged Chapter 11,...
July 19, 2019− Privately held Blackhawk Mining, LLC and 21 affiliated Debtors (“Blackhawk” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticlePES Holdings, LLC – Further to Fire and Refinery Closing, Philadelphia Energy...
July 21, 2019 − PES Holdings, LLC and seven affiliated Debtors (“Philadelphia Energy” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead...
View ArticleWeatherford International plc – “Something Doesn’t Seem Right Here,”...
July 22, 2019 – An ad hoc committee of the Debtors' equityholders asked the Court for an order appointing a statutory committee of equity security holders (an “Equity Committee”) that they insist is...
View ArticlePES Holdings, LLC – Fire-Ravaged Debtors Seek $100mn in DIP Financing ($65mn...
July 22, 2019 – The Debtors requested Court authority to access (i) $100.0mn in debtor-in-possession (“DIP”) financing, including $65.0mn on interim basis, (the “DIP Term Loan”) and (iii) use of cash...
View ArticlePG&E Corporation – Exposed Insurers Propose Alternative Plan to Protect...
July 23, 2019 – Accepting an invitation by the Court to file an alternative Plan, a group of subrogation claim holders (the “Ad Hoc Subrogation Group”) filed a term sheet in respect of an alternative...
View ArticleOak Point Partners, LLC acquires remnant assets of the US Flow Corporation...
October 18, 2018 – Oak Point Partners acquired the remnant assets of the US Flow Corporation f/k/a Piping Supply Holdings, Inc., et al., Bankruptcy Estates in October 2018. On August 12, 2003, US Flow...
View ArticleCarl Marks Advisors Adds Daniel Ireland and Paul Huettner to Advisory Team
July 24, 2019 – Carl Marks Advisors ("Carl Marks") has announced the addition of two new hires to bolster its restructuring and distressed debt capabilities; Daniel Ireland, who has joined as a...
View ArticleBlackjewel L.L.C. – Seeks Approval of Bidding Procedures for Sale of Mines;...
July 25, 2019 – The Debtor filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 312]. The bidding procedures order would (i) approve bidding procedures for the sale...
View ArticleOak Point Partners, LLC acquires remnant assets of Deb Stores Holding LLC, et...
December 21, 2018 – Oak Point Partners acquired the remnant assets of Deb Stores Holding LLC, et al., in December 2018. On December 4, 2014, Deb Stores and its affiliates filed a voluntary petition...
View ArticleTHG Holdings LLC – Leading Diagnostic Laboratory Files Chapter 11, Claiming...
July 30, 2019− THG Holdings LLC and six affiliated Debtors (“THG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleWaypoint Leasing Holdings – Court Confirms Chapter 11 Plan of Liquidation
July 31, 2019 – The Court hearing the Waypoint Leasing Holdings cases issued an order confirming the Debtors’ Chapter 11 Plan of Liquidation [Docket No. 893]. On November 25, 2018, Waypoint Leasing...
View ArticleWeatherford International plc – Debtors Get Access to a Further $250mn of...
August 1, 2019 – The Court hearing the Weatherford International cases issued a final order authorizing the Debtors to (i) access a further $250.0mn of debtor-in-possession (“DIP”) financing and (ii)...
View ArticleFTD Companies – Auction Results Trump Expectations, Proceeds from Sale of...
August 1, 2019 – The Debtors have announced the results of a pair of auctions held on July 31, 2019 in respect of (i) their florist and consumer businesses which have been sold to stalking horse...
View ArticleiPic-Gold Class Entertainment, LLC – Movie and Dining Theater Group Stars in...
August 5, 2019 – iPic-Gold Class Entertainment, LLC and five affiliated Debtors (“iPic” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticleOak Point Partners, LLC acquires remnant assets of the Ballenger Construction...
January 9, 2019 – Oak Point Partners acquired the remnant assets of the Ballenger Construction Company Liquidating Trust (Ballenger Construction) in January 2019. On December 7, 2012, Ballenger...
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