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Cypress Environmental Partners, L.P. – Seeks $5mn of DIP Financing ($3mn...
May 9, 2022 – The Debtors requested Court authority to (i) access $5.0mn of new money, debtor-in-possession (“DIP”) financing to be provided by prepetition lender APE V Cypress, LLC (the “Lender,” an...
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Armstrong Flooring Inc – Resilient Flooring Manufacturer Seek Approval of...
May 9, 2022 – The Debtors requested Court authority to (i) access $30.0mn of debtor-in-possession (“DIP”) financing, of which $20.0mn is to be made available on an interim basis, and (ii) have...
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Rockall Energy Holdings, LLC – Carbon Storage Business Development Company...
May 20, 2022 – Further to the Court's March 14th bidding procedure order [Docket No. 91], the Debtors notified the Court that they had (i) cancelled an auction scheduled for May 19th and (ii)...
View ArticleChristian Care Centers, Inc. – Operator of Three Dallas/Fort Worth Retirement...
May 23, 2022 – Christian Care Centers, Inc. ("CCCI") and Christian Care Centers Foundation, Inc. ("Foundation" and together with CCCI, the “Debtors”) filed for Chapter 11 protection with the U.S....
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TPC Group Inc. – Houston-Based Petrochemicals Group Files Chapter 11 with...
June 1, 2022 – TPC Group Inc. and seven affilliated debtors ("TPC" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
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GT Real Estate Holdings, LLC – Developer of Carolina Panthers Headquarters...
June 1, 2022 – GT Real Estate Holdings, LLC ("GTRE" or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 22-10505 (Judge Karen...
View ArticleOak Point Partners, LLC acquires remnant assets of the Lifestyle Lift...
April 23, 2019 – Oak Point Partners acquired the remnant assets of the Lifestyle Lift Holding, Inc., et al., Bankruptcy Estates (Lifestyle Lift) in April 2019. On March 27, 2015, Lifestyle Lift and its...
View ArticleElectric Last Mile Solutions Inc – Electric Vehicle Start-Up to Liquidate in...
June 12, 2022 – Electric vehicle start-up Electric Last Mile Solutions Inc (Nasdaq: ELMS; "ELMS" or the "Company") has announced that it intends to file for Chapter 7 (ie liquidation) relief in...
View ArticleEYP Group Holdings, Inc. – Court Postpones Auction until June 16th after...
June 10, 2022 – The Court hearing the EYP Group Holdings cases has postponed the Debtors' scheduled June 13th auction until June 16th [Docket No. 255], with the delay coming after the Debtors' Official...
View ArticlePurdue Pharma L.P – Purdue CEO, Accused of Being “Author of a Sick Corporate...
June 15, 2022 – At a June 15th hearing, the Court approved amendments to the Debtors' key employee incentive program (the "KEIP") as it had been proposed in a an April 27th motion [Docket No. 4707]. On...
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StorCentric, Inc. – Insisting IP Valuations Leaves Prepetition Lenders...
June 16, 2022 – The Debtor requested the Court authority to (i) access $5.0mn of priming new money debtor-in-possession (“DIP”) financing ($1.5mn interim) to be provided by Serene Investment Mangement,...
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Cypress Environmental Partners, L.P. – Notifies Court of June 22nd Plan...
June 22, 2022 – The Debtors notified the Court that their Second Modified Prepackaged Plan of Reorganization had become effective as of June 22, 2022 [Docket No. 265]. The Court had previously...
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Gold Standard Baking, LLC – Seeks Approval of $1.5mn in DIP Financing from...
June 22, 2022 – The Debtors requested Court authority to (i) access $1.5mn in debtor-in-possession (“DIP”) financing ($500k interim) from prepetition lenders 37 Baking Holdings, LLC (recently formed to...
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Gold Standard Baking, LLC – Seeks Approval of Bidding Procedures and Stalking...
June 22, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order. The bidding procedures order would: (i) approve proposed bidding procedures in respect of the...
View ArticleEctor County Energy Center LLC – Rockland Capital Adds to Peaker Assets after...
June 23, 2022 – Further to the Court's May 6th bidding procedure order [Docket No. 136] and an auction held on June 22, 2022, the Debtor notified the Court that stalking horse Rockland Capital, LLC...
View ArticleCorsicana Bedding, LLC – Mattress Manufacturer Seeks Approval of Bidding...
June 29, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order. The bidding procedures order would: (i) approve bidding procedures for the sale of...
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Enjoy Technology, Inc. – At-Home Retailer of Telecoms and Technology Products...
June 30, 2022 – Enjoy Technology, Inc. and two affiliated debtors (NASDAQ: ENJY; "Enjoy" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
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SAS AB – Scandinavian Carrier Forced by Long COVID to Restructure for Second...
July 5, 2022 – SAS AB and 13 affiliated Debtors ("SAS" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 22-10925...
View ArticleVoyager Digital Holdings, Inc. – Crypto-Currency Brokerage Files Chapter 11...
July 5, 2022 – Voyager Digital Holdings, Inc. and two affiliated debtors (Toronto Stock Exchange (TSX); "Voyager" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in...
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Gold Standard Baking, LLC – U.S. Trustee and Creditors’ Committee Object to...
July 7, 2022 – The U.S. Trustee assigned to the Debtors' cases (the "U.S. Trustee") and the Debtors' Official Committee of Unsecured Creditors (the “Committee”) have each objected to the Debtors’...
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