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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...

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Ditech 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...

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Monitronics 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...

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Kona 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...

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Barneys 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’...

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Orchids 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...

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Jack 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...

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INSYS 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"...

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Oak 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...

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Weatherford 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...

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PHI, 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...

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PetroShare 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,...

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Verity 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)...

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Trident 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,...

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Fred’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...

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Legacy 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...

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Weatherford 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...

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Sugarfina, 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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