Oak Point Partners, LLC acquires remnant assets of the Levitt and Sons, LLC,...
September 17, 2013 – Oak Point Partners, Inc. acquired the remnant assets of the Levitt and Sons, LLC, et al., Bankruptcy Estate in September 2013. On November 9, 2007, Levitt and Sons, LLC and its...
View ArticleTuesday Morning Corporation – Dallas-Based Off-Price Retailer (687 Stores in...
[Developing story] May 27, 2020 – Tuesday Morning Corporation and six affiliated Debtors (Nasdaq "TUES;" “TMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleFirstFood Global Restaurants, Inc. – Operator of BRAVO! Cucina Italiana and...
May 26, 2020 – The Debtors requested Court authority for a $25.5mn private sale of "at least" 45 of the Debtors’ restaurant locations to GPEE Lender, LLC (the “Purchaser”) [Docket No. 241]. The...
View ArticleChinos Holdings, Inc. (J.Crew Group) – Creditors’ Committee Asks Court to Put...
May 27, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ request to access the $290.0mn balance of a $400.0mn debtor-in-possession (“DIP”)...
View ArticleLibbey Glass Inc. – Leading Glass Tableware Manufacturer Files Chapter 11,...
[Developing story] June 1, 2020 – Libbey Glass Inc. and ten affiliated Debtors (“Libbey” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticleAdvantage Holdco, Inc. – With “Imminent Prepetition Deal” Left in Tatters by...
May 29, 2020 – The Debtors filed a motion requesting each of a bidding procedures order and a sales order [Docket No. 69]. The bidding procedures order would approve (i) bidding procedures in relation...
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APC Automotive Technologies Intermediate Holdings, LLC – Automotive Parts...
June 3, 2020 – APC Automotive Technologies Intermediate Holdings, LLC and 12 affiliated Debtors (“APC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District...
View ArticleJ.C. Penney Company, Inc. – Creditors Committee Objects to Proposed DIP...
June 2, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors' request to access $900.0mn of debtor-in-possession (“DIP”) financing saving particular...
View ArticleRavn Air Group, Inc. – Court Approves Bidding Procedures and Sets July 9th...
June 3, 2020 – The Court hearing the Ravn Air Group cases approved bidding procedures relating to a sale of substantially all of the Debtors’ assets (the “Sale”) and has authorized the Debtors to enter...
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APC Automotive Technologies Intermediate Holdings, LLC – Files Solicitation...
June 3, 2020 – The Debtors filed solicitation versions of their prepackaged Chapter 11 Plan and Disclosure Statement [Docket Nos. 23 and 24, respectively]; and further filed a motion requesting...
View ArticleAPC Automotive Technologies Intermediate Holdings, LLC – Debtors Access $30mn...
June 4, 2020 – The Court hearing the APC Automotive Technologies Intermediate Holdings cases issued an order authorizing the Debtors to (i) access $30.0mn of interim debtor-in-possession (“DIP”)...
View ArticleJ.C. Penney Company, Inc. – Creditors Committee Objects to Proposed DIP...
June 2, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors' request to access $900.0mn of debtor-in-possession (“DIP”) financing saving particular...
View ArticleJ.C. Penney Company, Inc. – Left with Little Choice, Court Approves Access to...
June 5, 2020 – The Court hearing the J.C. Penney Company cases issued an order authorizing the Debtors (i) to access $900.0mn of debtor-in-possession (“DIP”) financing on a final basis and (ii) to...
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Ravn Air Group, Inc. – Court Approves Disclosure Statement and Schedules June...
June 7, 2020 – The Court hearing the Ravn Air Group cases issued an order approving (i) the Debtors’ Disclosure Statement, (ii) proposed Plan solicitation and voting procedures,and (iii) a proposed...
View ArticleClare Oaks – Creditors’ Committee Files Plan (and Disclosure Statement) that...
June 5, 2020 – The Debtor's Official Committee of Unsecured Creditors (the “Committee”) filed a Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 382 and 383, respectively]; and further...
View ArticleWhiting Petroleum Corporation – Still Fuming, Convertible Notes Trustee...
June 5, 2020 – The Delaware Trust Company, as successor indenture trustee (“Convertible Notes Trustee”) for the Debtors' 1.25% convertible senior notes due 2020 (the “Convertible Notes,” principal...
View ArticleJ.C. Penney Company, Inc. – Debtors and Creditors’ Committee Cite...
June 8, 2020 – Each of the Debtors and the Debtors' Official Committee of Unsecured Creditors (the “Committee”) have filed objections [Docket Nos. 594 and 604, respectively] to shareholder motions...
View ArticleCARBO Ceramics, Inc. – Creditors’ Committee Accuses Debtors of Manipulating...
June 8, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors tabulation of votes, arguing that the Debtors are "trying to stack the deck to get the...
View ArticleFrontier Communications Corporation – Seeks Approval for $25.2mn (Maximum)...
June 8, 2020 – The Debtors filed a motion seeking Court authority to implement a pair of performance-based incentive programs (“PBIPs”); one which will cover eight members of the Debtors’ senior...
View ArticleTuesday Morning Corporation – Court’s Final Store Closing Order Allows for...
June 9, 2020 – The Court hearing the Tuesday Morning Corporation cases issued a final order allowing the Debtors to (i) “immediately continue” their store closing process and (ii) assume a prepetition...
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