Oak Point Partners, LLC acquires remnant assets of the ZB Company, Inc....
January 2, 2019 – Oak Point Partners acquired the remnant assets of the ZB Company, Inc. Bankruptcy Estate (ZB Company) in December 2018. On December 4, 2003, ZB Company and its debtor affiliates each...
View ArticleDitech Holding Corporation – Court Refuses to Confirm Second Amended Plan
August 28, 2019 – As the slightly faded bumper sticker warns: "it happens." Once in a while a bankruptcy Court drops a bomb on assembled lawyers and flat out refuses to confirm a Chapter 11 Plan. As...
View ArticleMonitronics International, Inc. – Emerges fron Bankruptcy, Merges with Ascent...
August 30, 2019 – The Debtors notified the Court [Docket No. 222] that their Joint Partial Prepackaged Plan of Reorganization has become effective as of August 30, 2019. The Court had previously...
View ArticleKona Grill – Seeks Authority for Private $25mn Cash Sale to Affiliate of...
August 30, 2019 – The Debtors requested Court authority to (i) sell twenty-four of their restaurants to Kona Grill Acquisition, LLC (the “Purchaser”) for a cash purchase price of $25.0mn in a private...
View ArticleBarneys New York, Inc. – Unsecured Creditors Object to Proposed DIP Financing...
August 30, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee” which is comprised of the Debtors’ major trade vendors, landlords and a union) objected to the Debtors’...
View ArticleOrchids Paper Products Company – Finally Gets Final DIP Order As Disputes...
September 3, 2019 – The Court hearing the Orchids Paper Products Company cases issued a final order authorizing the Debtors to (i) access $11.0mn in debtor-in-possession (“DIP”) financing to be...
View ArticleJack Cooper Ventures, Inc. – Gets Go Ahead for Bidding Procedures and...
September 3, 2019 – Further to the Debtors' bidding procedures motion [Docket No. 21], the Court hearing the Jack Cooper Ventures cases issued an order authorizing the Debtors to (i) enter into an...
View ArticleINSYS Therapeutics, Inc. – Sells Sub-Lingual Fentanyl Product Subsys to...
September 3, 2019 – Further to the Court's bidding procedures order [Docket No. 210], the Debtors notified the Court that, absent any further qualified bids, BTcP Pharma, LLC ("BTcP" or the "Buyer")...
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uBiome, Inc. – FBI Gut Punch Sends Genomic Start-Up Reeling into Chapter 11,...
September 4, 2019 − uBiome, Inc. (“uBiome” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 19- 11938. The Debtor, a "leading"...
View ArticleOak Point Partners, LLC acquires remnant assets of the O.W. Bunker North...
February 19, 2019 – Oak Point Partners acquired the remnant assets of the O.W. Bunker North America Inc. Liquidating Trust (OW Bunker) in February 2019. On November 13, 2014, OW Bunker and its...
View ArticleWeatherford International plc – Announces Ballot Results, Files Key Exit...
September 4, 2019 – The Debtors' claims agent notified the Court of the results of Plan voting [Docket No. 313]. There were two classes that were entitled to vote on the Plan and each of them voted to...
View ArticlePHI, Inc. – Emerges from Bankruptcy as Senior Unsecured Noteholders Swap...
September 4, 2019 – The Debtors notified the Court [Docket No. 959] that their Chapter 11 Plan of Reorganization had become effective as of September 4, 2019. The Court had previously approved the...
View ArticlePetroShare Corp. – Cash-Strapped E&P Files Chapter 11 Citing “Collateral...
September 4, 2019− PetroShare Corp. and one affiliated Debtor (OTCQB: PRHR, “PetroShare” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Colorado,...
View ArticleVerity Health System – Files Chapter 11 Plan of Liquidation and Related...
September 4, 2019 – The Debtors filed a Chapter 11 Plan of liquidation and a related Disclosure Statement [Docket Nos. 2993 and 2994]; and further filed a motion requesting Court approval of their (i)...
View ArticleTrident Holding Company – Files Amended Plan Ahead of September 12th...
September 5, 2019 – The Debtors filed a Second Modified Second Amended Plan [Docket No. 852] which attaches a blackline showing changes to the version of the Plan filed on July 3, 2019. On May 8,...
View ArticleFred’s, Inc. – Operator of Discount Merchandise Stores and Pharmacies in...
September 9, 2019 − Publicly traded Fred's, Inc. and seven affiliated Debtors (Nasdaq: FRED, “Fred's” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleLegacy Reserves Inc. – Files Amended Plan; $351mn of Term Loans to be...
September 9, 2019 – The Debtors filed a Further Revised Plan and a related Disclosure Statement [Docket Nos. 453 and 454, respectively] each of which attaches a blackline showing changes to the...
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Financial and Turnaround Advisory Firm Conway MacKenzie Launches Consumer...
September 9, 2019 – Conway MacKenzie, a leading management consulting and financial advisory firm, today announced the launch of its Consumer Products Practice (CPP). The new group, established to help...
View ArticleWeatherford International plc – Debtors Scramble to get Court Approval of...
September 9, 2019 – With a September 11th Plan confirmation hearing looming, the Debtors filed an emergency motion requesting Court sign-off on Plan modifications in an effort to preclude the need to...
View ArticleSugarfina, Inc. – Requests Court Approval of Bidding Procedures and Stalking...
September 10, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 62]. The bidding procedures order would (i) approve bidding procedures for the...
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