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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,...

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Pennsylvania 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...

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Ascena 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...

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Ascena 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...

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Tailored 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...

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Chesapeake 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'...

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Tuesday 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”)...

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Cred 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...

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Sizmek 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...

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Sizmek 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...

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Sundance 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...

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Northwest 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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