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Belk Inc. – Fleeting Debtors Emerge from One-Day Prepackaged Bankruptcy...
February 24, 2021 – The Court hearing the Belk Inc. cases issued an order approving the Debtors' Prepackaged Chapter 11 Plan of Reorganization [Docket No. 61]; with the Debtors quickly filing a notice...
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RTI Holding Company, LLC – Notifies Court of February 24th Effectiveness Date...
February 25, 2021 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of February 24, 2021 [Docket No. 1163]. The Court had previously confirmed the...
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Brazos Electric Power Cooperative, Inc. – “Black Swan” Winter Storm Leaves...
March 1, 2021 – Brazos Electric Power Cooperative, Inc. (“Brazos” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 21-30725...
View ArticleMobiTV, Inc. – Loss-Making IPTV Provider Files Chapter 11 with $75mn of...
March 1, 2021 – MobiTV, Inc. and one affiliated debtor (“MobiTV” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10457...
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CMC II, LLC – $350mn False Claims Acts Judgment Relating to Decades-Old...
March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
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Paper Source, Inc – 158 Store Fine Paper/Gift Retailer Files Chapter 11 Less...
March 1, 2021 – Paper Source, Inc and one affiliated debtor (“Paper Source” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead...
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The Hertz Corporation – Decides on Knighthead Capital and Certares as Plan...
March 2, 2021 – Further to the agreement of Knighthead Capital Management, LLC and its affiliates ("Knighthead") and Certares Opportunities LLC and its affiliates ("Certares") to serve as Plan sponsors...
View ArticleThe Hertz Corporation – Court Approves $875-$900mn Cash Sale of Donlen Assets...
March 2, 2021 – The Court hearing the Hertz Corporation cases issued an order approving the sale of Debtor Donlen Corporation and its Debtor subsidiaries (collectively, “Donlen Corp.” or the “Donlen...
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CMC II, LLC – $258mn False Claims Acts Judgment Relating to Decade-Old...
March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
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Knotel, Inc. – Final DIP Order Unlocks Further $5.4mn of New Money DIP Term...
March 2, 2021 – The Court hearing the Knotel cases issued a final order authorizing the Debtors to (i) access a further $5.4mn of new money, debtor-in-possession (“DIP”) financing, (ii) roll up $5.4mn...
View ArticleAlamo Drafthouse Cinemas Holdings, LLC – Dine-In, Austin-Based Cinema Group...
[Just filed. Developing Story.] March 3, 2021 – Alamo Drafthouse Cinemas Holdings, LLC and 33 affiliated Debtors (“Alamo Drafthouse” or the “Debtors”) filed for Chapter 11 protection with the U.S....
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CiCi’s Holdings, Inc. – Pizza Restaurant Chain Has Plan Confirmed; Slices Off...
March 3, 2021 – The Court hearing the CiCi’s Holdings, Inc. cases issued an order confirming the Joint Prepackaged Plan of Reorganization [Docket No. [200]. On January 26, 2021, privately held CiCi’s...
View ArticlePBS Brand Co., LLC – Cancels Auction and Designates Lender CrowdOut Capital...
March 4, 2021 – Further to the Court’s February 8th bidding procedure order [Docket No. 280] and absent the receipt of any other qualified bids, the Debtors canceled the auction scheduled for March 8,...
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Medley LLC – Alternative Asset Management Firm Files for Chapter 11 after...
March 8, 2021 – Medley LLC (“Medley” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 20-10526 The Debtor, an alternative asset...
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Sundance Energy Inc. – Independent, Denver-Based O&G Files Prepackaged Plan...
March 9, 2021 – Sundance Energy Inc. and three affiliated Debtors (NASDAQ: SNDE; “Sundance” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleGarrett Motion Inc. – Files Amended Plan and Disclosure Statement to Reflect...
March 9, 2021 – The Debtors filed a further Third Amended Chapter 11 Plan and a related Disclosure Statement, with each attaching blacklines showing changes to the versions filed on February 15, 2021...
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Cred Inc. – Court Confirms Liquidation Plan of Former Cryptocurrency Platform...
March 11, 2021 – The Court hearing the Cred cases confirmed the Debtors’ Modified First Amended Plan of Liquidation [Docket No. 629]. The centerpiece of the Plan of Liquidation is the distribution to...
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SpeedCast International Limited – Further to Black Diamond Settlement...
March 11, 2021 – The Debtors notified the Court that their Third Amended Plan became effective as of March 11, 2021 [Docket No. 1498]. The Court had previously confirmed the Debtors’ Plan on January...
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HighPoint Resources Corporation – Independent Denver E&P Turns to Prepackaged...
March 14, 2021 – HighPoint Resources Corporation and two affiliated Debtors (NYSE: HPR; “HighPoint” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleGriddy Energy LLC – Texas Electricity Retailer Files Chapter 11, Intends to...
[Just Filed. Developing Story] March 15, 2021 – Griddy Energy LLC (“Griddy” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case...
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