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Aearo Technologies LLC – 3M Puts Subsidiaries into Bankruptcy as Exposure to...
July 26, 2022 – Aearo Technologies LLC and six affiliated debtors (together “Aereo Technologies” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleEnjoy Technology, Inc. – Court Approves Bidding Procedures (with Reduced...
July 26, 2022 – The Court hearing the Enjoy Technology cases issued an order: (i) approving proposed bidding procedures in relation to the sale of substantially all of the Debtors’ assets, (ii)...
View ArticleStorCentric, Inc. – Creditors’ Committee Opposes to DIP Financing as “Most...
July 27, 2022 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected (more specifically, filed an "opposition") to proposed debtor-in-possession (“DIP”) financing [Docket...
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Gold Standard Baking, LLC – Cancels Auction and Designates Stalking Horse...
July 26, 2022 – Further to a July 8th bidding procedures order [Docket No. 95], the Debtors notified the Court that, absent any further qualified bids, the auction scheduled for July 28th had been...
View ArticleHeartBrand Holdings, Inc. – Texas Beef Company Files for Chapter 11 after...
August 1, 2022 – HeartBrand Holdings, Inc. and one affiliated debtor (together “HeartBrand” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleVoyager Digital Holdings, Inc. – Alameda/FTX Owner Sam Bankman-Fried Fires...
July 25, 2022 – Sam Bankman-Fried (of Alameda Ventures Ltd. and FTX Trading Ltd., "Alameda" and FTX, respectively) has fired back in a Twitter thread at the Debtors' July 24th response [Docket No. 137]...
View ArticleVoyager Digital Holdings, Inc. – Court Rules that Crypto-Currency Broker Can...
August 5, 2022 – The Court hearing the Voyager Digital Holdings cases issued an order authorizing the Debtors to: (i) honor customer withdrawals in respect of customer cash held at Metropolitan...
View ArticleVoyager Digital Holdings, Inc. – Court Approves Expedited Auction/Sale...
August 5, 2022 – The Court hearing the Voyager Digital Holdings cases issued an order: (i) approving proposed bidding procedures in respect of the sale of substantially all of the Debtors’ assets, (ii)...
View ArticleFootprint Power Salem Harbor Development LP – Court Okays “Abundance of...
August 8, 2022 – The Court hearing the Footprint Power Salem Harbor Development cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit...
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Talen Energy Supply LLC – Debtors and Consenting Noteholders Amend...
August 5, 2022 – The Debtors filed a First Amendment to their RSA (defined below) which attaches a redline of their Amended Restructuring Term Sheet at Exhibit B [Docket No. 1015]. On May 9, 2022, the...
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All Year Holdings Limited – Files Amended Disclosure Statement; Notes...
July 15, 2022 – The Debtor filed an Amended Disclosure Statement and a related redline showing changes to the version of the Disclosure Statement filed on May 31, 2022 [Docket Nos. 151 and 152,...
View ArticleSears Holdings Corporation – Debtors and Creditors’ Committee Seek Approval...
August 9, 2022 – The Debtors and the Debtors' Official Committee of Unsecured Creditors (the “Creditors’ Committee” and, together with the Debtors, the “Movants”) filed a motion requesting Court...
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GT Real Estate Holdings, LLC – Further to Execution of Plan Support Agreement...
August 11, 2022 – The Debtor filed a first draft of its Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 295 and 296, respectively]; and separately filed a motion...
View ArticleNorthwest Senior Housing Corporation – Seeks Lengthy Extension of Exclusive...
August 11, 2022 – The Debtors filed a motion to extend (for a first time) the period during which the Debtors have an exclusive right to file a Chapter 11 Plan through and including February 8, 2023...
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Revlon, Inc – With Support of Some Key Stakeholders, Cosmetics Giant,...
August 11, 2022 – The Debtors filed a motion requesting Court approval of a proposed key employee incentive plan (the “KEIP”) that includes 8 senior executives (the “KEIP Participants”) and comes at a...
View ArticleAltera Infrastructure L.P. – Brookfield Asset Management-Controlled Operator...
[Just filed. Developing story] August 12, 2022 – Altera Infrastructure L.P. and 37 affiliated debtors (fka "Teekay Offshore Partners L.P.," and together “Altera*” or the “Debtors”) filed for Chapter 11...
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Aluminum Shapes, L.L.C. – Further to Sale of New Jersey-Based Aluminum...
August 12, 2022 – The Court hearing the Aluminum Shapes case confirmed the Debtors' Chapter 11 Plan of Liquidation as filed by the Debtor’s Official Committee of Unsecured Creditors (the “Committee” or...
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Altera Infrastructure L.P. – Seeks $50mn of New Money DIP Financing ($25mn...
August 13, 2022 – The Debtors requested Court authority to: (i) obtain debtor-in-possession (“DIP”) financing to be provided by an affiliate of Brookfield Asset Management ("Brookfield," the Debtors'...
View ArticleGenapSys, Inc. – Seeks Emergency Approval of the Stalking Horse Arrangements...
August 12, 2022 – The Debtors filed an emergency motion requesting authorization to enter into stalking horse arrangements with Sequencing Health, Inc.* (the “Buyer” or “Stalking Horse,” $10.0mn cash...
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Voyager Digital Holdings, Inc. – Crypto-Currency Brokerage Files First...
August 12, 2022 – The Debtors filed a First Amended Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 287 and 288, respectively]; and further filed a motion requesting Court approval of...
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