Cherry Man Industries, Inc. – Court Approves Chapter 11 Trustee’s Request to...
August 15, 2022 – The Court hearing the Cherry Man Industries, Inc. case issued an order authorizing the Chapter 11 Trustee assigned to the Debtor’s case to: (i) sell substantially all of the Debtor’s...
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Altera Infrastructure L.P. – Noteholders Object to Brookfield-Supplied DIP...
August 14, 2022 – The Ad Hoc Group of TopCo Noteholders (the “Ad Hoc Group” or the “TopCo Noteholders*”) objected to the Debtors’ requested DIP Financing [Docket No. 49]. The Ad Hoc Group argues that...
View ArticleOak Point Partners, LLC acquires remnant assets of the Genius Products, LLC...
Oak Point Partners acquired the remnant assets of the Genius Products, LLC Bankruptcy Estate (Genius Products) in November 2018. On December 27, 2011, an involuntary petition under chapter 7 of the...
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Northwest Senior Housing Corporation – Landlord Seeks Dismissal of Cases,...
August 12, 2022 – Landlord Intercity Investment Properties, Inc. (the “Landlord”) filed a motion to dismiss the Debtors’ Chapter 11 cases [Docket No. 541] arguing that the Debtors' Plan, premised in...
View ArticleFirst Guaranty Mortgage Corporation – Seeks Court Approval for $4.8mn Private...
August 15, 2022 – The Debtors filed a motion seeking Court authority for a private sale of certain mortgage servicing rights ("MSRs")* to BSI Financial Services, Inc (the “Buyer”) [Docket No. 328]. The...
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GenapSys, Inc. – After Rejection of Dismissal Motion Filed Filed by Debtor’s...
August 17,2022 – The Court hearing the GenapSys case issued an order authorizing the Debtor to: (i) access $4.1mn (increased by $100k) in new money, debtor-in-possession (“DIP”) financing being...
View ArticleGenapSys, Inc. – Court Approves Bidding Procedures and Schedules September...
August 17, 2022 – The Court hearing the GenapSys case issued an order: (i) approving bidding procedures in respect of the sale of substantially all the Debtor's assets, (ii) authorizing the Debtor to...
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Endo International plc – Unsecured Noteholder Group Seeks Early Termination...
August 18, 2022 – An Ad Hoc Group of Unsecured Noteholders (the “Unsecured Noteholder Group”) has filed a motion to terminate the Debtors’ exclusive periods [Docket No. 66] arguing that, in executing a...
View ArticleVoyager Digital Holdings, Inc. –Creditors’ Committee Objects to Debtors’...
August 19, 2022 – The Debtors' Official Committee of Unsecured Creditors (“Committee*”) has objected to the Debtors’ proposed $1.9mn key employee retention plan (the “KERP”) [Docket No. 316] arguing...
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Northwest Senior Housing Corporation – Creditors’ Committee Objects to DIP...
August 22, 2022 – The Debtor's Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors' August 4th amended debtor-in-possession ("DIP") financing motion, arguing that it...
View ArticleCarestream Health, Inc. – Medical Imaging Specialist Files Prepackaged...
[Just filed. Developing story] August 23, 2022 – Carestream Health, Inc. and eight affiliated debtors (together “Carestream” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy...
View ArticleExpressJet Airlines LLC – Regional Airline (Operating from Reno Tahoe Hub as...
[Just filed. Developing story.] August 23, 2022 – ExpressJet Airlines LLC (dba aha! Airlines) (“ExpressJet” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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Lumileds Holding B.V. – Global Lighting Solutions Leader Files Prepackaged...
August 29, 2022 – Lumileds Holding B.V. and nine affiliated debtors (together, “Lumileds” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
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Level Four Orthotics & Prosthetics, Inc. – Prosthetics Specialist Succumbs to...
August 29, 2022 – Privately held Level Four Orthotics & Prosthetics, Inc. and five affiliated debtors (dba Restore POC and together “Restore POC” or the “Debtors”) filed for Chapter 11 protection...
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Lumileds Holding B.V. – Global Lighting Solutions Leader Seeks Approval of Up...
August 29, 2022 – The Debtors requested Court authority to: (i) access up to $275.0mn in new money, debtor-in-possession (“DIP”) financing from certain of their prepetition lenders (ie, the Ad Hoc Term...
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OSG Group Holdings, Inc. – Court Confirms Amended Prepackaged Plan After...
August 29, 2022 – The Court hearing the OSG Group Holdings cases confirmed the Debtors’ Amended Prepackaged Plan of Reorganization and approved the related Disclosure Statement on a final basis [Docket...
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Talen Energy Supply LLC – Court Approves Upsized $1.55bn Backstop Commitment...
August 29, 2022 – The Court hearing the Talen Energy Supply cases issued an order authorizing the Debtors to enter into an August 4th amended and restated commitment letter (the “Backstop Commitment...
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Masten Space Systems, Inc. – Court Approves Access to a Further $500k in New...
August 31, 2022 – The Court hearing Masten Space Systems case issued a final order authorizing the Debtor to: (i) access a further $500k balance of what is in total $1.4mn of new money DIP financing...
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Celsius Network LLC – Court Approves Bidding Procedures for Sale of GK8...
September 1, 2022 – The Court hearing the Celsius Network cases issued an order: (i) approving bidding procedures in respect of the sale (the “Sale”) of the Debtors’ equity interests in non-Debtor GK8...
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Sungard AS New Holdings, LLC – Files First Amended Combined Plan and...
September 2, 2022 – The Debtors filed a First Amended Combined Plan and Disclosure Statement, (the “Combined Document”) which attaches a redline showing changes from the version filed on June 3, 2022...
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