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Pacific Drilling S.A. – Drillship Operator Files “Prearranged” Chapter 11 as...
October 30, 2020 – Pacific Drilling S.A. and 18* affiliated Debtors (NYSE: PACD; “Pacific” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Texas,...
View ArticlePennsylvania Real Estate Investment Trust – Leading Mall-Focused REIT,...
November 1, 2020 – Pennsylvania Real Estate Investment Trust and 68 affiliated Debtors (NYSE: PEI; “PREIT” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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Furniture Factory Ultimate Holding, LP – Files Chapter 11 with Plans to Sell...
November 5, 2020 – Furniture Factory Ultimate Holding, LP and seven affiliated Debtors (“Furniture Factor” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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The Hertz Corporation – Seeks Authority for $4bn ABS Facility to Fund...
November 5, 2020 – The Debtors have filed a motion requesting Court authority to enter into a new $4.0bn ABS facility (the “Interim Facility”) with Apollo Capital Management, L.P. (“Apollo”); with...
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The Hertz Corporation – Seeks Authority for $4bn ABS Facility to Fund...
November 5, 2020 – The Debtors have filed a motion requesting Court authority to enter into a new $4.0bn ABS facility (the “Interim Facility”) with Apollo Capital Management, L.P. (“Apollo”); with...
View ArticleAscena Retail Group, Inc. – Lengthy (and Occassionally Fractious) Auction...
November 10, 2020 – Further to an October 21st bidding procedure order [Docket No. 986] and a lengthy November 9th auction, the Debtors designated stalking horse Justice Brand Holdings LLC, an entity...
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K.G. LM, LLC – Court Allows Il Mulino Restaurant Group to Access $2.1mn...
November 12, 2020 – The Court hearing the K.G. Im, LLC cases issued an order authorizing the Debtors to (i) access the $2.1mn balance of a $3.1mn debtor-in-possession (“DIP”) facility and (ii) continue...
View ArticleAscena Retail Group, Inc. – Court Approves $71mn Sale of Justice Assets to...
November 12, 2020 – Further to an October 21st bidding procedure order [Docket No. 986] and a lengthy November 9th auction [Docket No. 1105], the Court hearing the Ascena Retail Group cases issued an...
View ArticleTailored Brands, Inc. – Judge Jones Led Mediation Leads to Consensus with...
November 12, 2020 – The Debtors have filed a flurry of Plan documents in advance of their November 13th Plan confirmation hearing which include, inter alia, (i) their memorandum of law in support of...
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Gulfport Energy Corporation – Oklahoma City-Based Independent E&P Files...
November 13, 2020 – Gulfport Energy Corporation and ten affiliated Debtors (NASDAQ: GPOR; “Gulfport” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleChesapeake Energy Corporation – Court Approves $130.45mn Sale of Mid-Con...
November 13, 2020 – The Court hearing the Chesapeake Energy Corporation cases issued an order approving a pair of asset purchase agreements (each an "APA") in respect of the sale of the Debtors'...
View ArticleTuesday Morning Corporation – Creditors’ Committee Objects to Disclosure...
November 16, 2020 – The Official Committee of Unsecured Creditors (the “Creditors’ Committee”) objected to the Debtors’ Disclosure Statement arguing that the projected 100% ($125.0mn) recovery for...
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Lucky Brand Dungarees, LLC – Further to $198.6mn Asset Sale, Premium Denim...
November 17, 2020 – The Court hearing the Lucky Brand Dungarees case confirmed the Debtors' Second Amended Plan of Liquidation [Docket No. 572]. The Plan is attached to the order as Exhibit A. Lucky...
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Energy Alloys Holdings, LLC – Designates BioUrja as Successful Bidder...
November 17, 2020 – Further to a November 6th bidding procedures order [Docket No. 153] and the completion of a November 16th auction, the Debtors have designated BioUrja Commodities, LLC (“BioUrja”)...
View ArticleCred Inc. – Creditors Seek Dismissal, Conversion or Appointment of Chapter 11...
November 18, 2020 – Krzysztof Majdak and Philippe Godinea (the “Moving Creditors”) filed a motion requesting that the Debtors’ Chapter 11 cases be (i) dismissed, (ii) converted to cases under Chapter 7...
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iQor Holdings Inc. – Supplier of Business Process Outsourcing Solutions...
November 19, 2020 – The Debtors notified the Court that their Prepackaged Chapter 11 Plan of Reorganization had become effective as of November 19th [Docket No. 225]. The Court had previously confirmed...
View ArticleSizmek Inc. – With Debtors Locked in Adversary Proceeding with Zeta Global...
October 30, 2020 – The U.S. Trustee assigned to the Debtors' cases filed a motion to convert the Debtors’ Chapter 11 cases to cases under Chapter 7 [Docket No. 899] arguing that absent further expected...
View ArticleSizmek Inc. – Court Approves Conversion of Debtors’ Cases to Chapter 7 as...
November 24, 2020 – Further to a motion filed by the U.S. Trustee assigned to the Debtors’ cases, the Court hearing the Sizmek Inc. cases issued an order converting the Debtors’ Chapter 11 cases to...
View ArticleSundance Energy Raises Going Concern Risk, Bankruptcy on Table
Sundance Energy Inc. warned in a Form 10-Q that there is substantial doubt about the Company’s ability to continue as a going concern within the next twelve months. The Company highlighted that the...
View ArticleNorthwest Hardwoods, Inc. – Court Conditionally Approves Solicitation...
November 25, 2020 – The Court hearing the Northwest Hardwoods cases issued an order approving the Debtors’ (i) proposed Plan solicitation and voting procedures and (ii) a proposed timetable culminating...
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