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Fairway Group Holdings Corp. – In Ominous Harbinger for Big City...
January 22, 2020 − In order to further a "strategic sale process," Fairway Group Holdings Corp. and 25 affiliated Debtors (“Fairway” or the “Debtors”) filed for Chapter 11 protection with the U.S....
View ArticleMcDermott International, Inc. – Seeks Approval for Bidding Procedures (and...
January 22, 2020 – The Debtors filed a motion [Docket No. 110] requesting Court approval for (i) bidding procedures in respect of the sale of the Debtors' Lummus Assets (the “Sale”) and (ii)...
View ArticleMcDermott International, Inc. – Seeks Approval for $2.81bn of DIP financing,...
January 22, 2020 – The Debtors requested Court authority to access (i) $2.81bn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 56]. The DIP financing is comprised of...
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SFP Franchise Corp. – Citing Retail Downturn and Dispute with American...
January 23, 2020 − SFP Franchise Corp. and one affiliated Debtor (d/b/a Schurman Fine Papers, together with SFP Franchise Corp. “Schurman” or the “Debtors”) filed for Chapter 11 protection with the...
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DBMP LLC – Saint-Gobain, Having Expended $2bn on Legacy Asbestos Claims,...
January 23,2020 − DBMP LLC (“DBMP” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, lead case number 20-30080. The Debtor, a...
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BL Restaurants Holding, LLC – Bar Louie Gastrobar Operator Files Chapter 11...
January 27, 2020 − BL Restaurants Holding, LLC and three affiliated Debtors (d/b/a Bar Louie, “Bar Louie” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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Lucky’s Market Parent Company, LLC – Over-Expansion in Competitive Florida...
January 27, 2020 − Lucky's Market Parent Company, LLC and 21 affiliated Debtors (“Lucky's Market” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
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Southland Royalty Company LLC – NGL Commodity Prices, Slashed Credit Facility...
January 27, 2020 − Privately-held Southland Royalty Company LLC (“Southland” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case...
View ArticleOak Point Partners, LLC acquires remnant assets of the Winstar...
January 19, 2011 – Oak Point Partners acquired the remnant assets of the Winstar Communications, Inc., et al., Bankruptcy Estates in January 2011. On April 18, 2001, Winstar Communications, Inc. and...
View ArticleForever 21, Inc. – Bidding Procedures Motion Suggests Offer for for Debtors’...
January 30, 2020 – The Debtors filed a bidding procedures motion requesting (i) approval of proposed bidding procedures, including bidder protections, in respect of the sale of substantially all of the...
View ArticleUSA Gymnastics – Files Chapter 11 Plan; Offers Sexual Abuse Victims Two Paths...
January 30, 2020 – The Debtor filed their Chapter 11 Plan of Reorganization [Docket No. 905]. The Plan offers victims of sexual abuse sitting in its Class 6 two paths to a substantially identical and...
View ArticleEarth Fare Inc. – Oak Hill Partners Backed Supermarket Becomes Second Organic...
[Developing story- to be updated] February 3, 2020 − Earth Fare Inc. and one affiliated Debtor (“Earth Fare” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleForever 21, Inc. – Selects Consortium of Simon Property Group, Brookfield and...
February 2, 2020 – The Debtors notified the Court that they had selected SPARC Group F21, LLC (the “SPARC Group” or the "Stalking Horse Bidder," a consortium of Simon Property Group, Brookfield and...
View ArticleApproach Resources Inc. – Designates Alpine Energy Acquisitions (Controlled...
February 3, 2020 – Further to the requirements of a January 9th bidding procedures order [Docket No. 184], the Debtors have notified the Court of its intention to designate Alpine Energy Acquisitions...
View ArticleOak Point Partners, LLC acquires remnant assets of the Sadler Clinic, PLLC,...
April 2, 2019 – Oak Point Partners acquired the remnant assets of the Sadler Clinic, PLLC, et al., Substantively Consolidated Bankruptcy Estate (Sadler Clinic) in April 2019. On June 15, 2012, Sadler...
View ArticleHighland Capital Management, L.P. – Court Sides with Debtors and Creditors’...
February 5, 2020 – Further to a February 4th hearing and having considered the input of the Debtor's and the Debtor's Official Committee of Unsecured Creditors (the "Committee"), the Court hearing the...
View ArticleGenCanna Global USA, Inc. – Kentucky Hemp Grower Files Chapter 11; Cites...
February 6, 2020 − GenCanna Global USA, Inc. and two affiliated Debtors (“GenCanna” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Kentucky,...
View ArticlePES Holdings, LLC – Department of Justice Objects to Debtors’ Amended Plan on...
February 5, 2020 – Having been granted special dispensation by the Court for two extra days to file an objection to the Debtors' recently amended Plan, the United States Attorney General (the "DOJ"),...
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American Commercial Lines, LLC – Inland Barge Transportion Services Provider...
February 7, 2020 − American Commercial Lines, LLC and ten affiliated Debtors ("ACL” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas,...
View ArticleValeritas Holdings, Inc. – Quality Issues as to Chinese-Supplied Insulin,...
February 9, 2020 − Valeritas Holdings, Inc. and three affiliated Debtors (“Valeritas” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead...
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