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8e14 Networks, Inc. – Cancels Auction and Designates Stalking Horse (also DIP...

October 17, 2022 – Further to a bidding procedures order [Docket No. 122], the Debtor notified the Court that, absent any further qualified bids beyond that of stalking horse bidder VMware, Inc.* (the...

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Talen Energy Supply LLC – Bank of New York Mellon Objects to Plan as...

October 17, 2022 – The Bank of New York Mellon (“BNYM*” or the “Trustee”) objected to the Debtors’ Disclosure Statement, arguing that it would fail to treat all members of Class 4 ("Unsecured Notes...

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GT Real Estate Holdings, LLC – Court Allows Extension of Exclusivity Periods...

October 18, 2022 – The Court hearing the GT Real Estate Holdings case has extended (for a first time) the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit...

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CalPlant I Holdco, LLC – Rice Straw MDF Manufacturere Seeks Authority for an...

October 19, 2022 – The Debtors requested Court authority to: (i) access $10.2mn in debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 423]. The DIP financing, provided by...

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Celsius Network Limited – Court Takes Bidding Procedures and Preferred Equity...

October 20, 2022 – The Court hearing the Celsius Network cases took "under submission" motions for (i) approval of the bidding procedures for the Debtors' proposed sale of their assets and (ii) to...

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PhaseBio Pharmaceuticals, Inc. – Developer of Promising Heart Drug...

October 23, 2022 – PhaseBio Pharmaceuticals, Inc. (Nasdaq: PHAS, “PhaseBio ” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No....

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PhaseBio Pharmaceuticals, Inc. – Seeks $5.9mn in New Money DIP Financing from...

October 23, 2022 – The Debtor requested Court authority to: (i) enter into debtor-in-possession (“DIP”) financing arrangements with prepetition lender JMB Capital Partners Lending, LLC ("JMB" or the...

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LaForta – Gestao e Investimentos – Designate Operadora CICSA, S.A. de C.V. as...

November 1, 2022 – Further to the September 16th bidding procedures order [Docket No. 107] and apparently with only a single qualified bid beyond that of credit-bidding prepetition lenders (the...

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Northwest Senior Housing Corporation – Trustee and Plan Sponsor UMB Bank...

November 2, 2022 – Trustee and Plan Sponsor UMB Bank, N.A. ("UMB") * filed a bidding procedures motion requesting (i) approval of bidding procedures in relation to the sale of substantially all of the...

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StorCentric, Inc. – With Support of Newlight Capital, Enceladus Development...

November 4, 2022 – The Court hearing the StorCentric cases issued an order approving $35.2mn sale of substantially all of the Debtors’ assets to Enceladus Development Venture III, LLC ("Enceladus" or...

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5280 Auraria, LLC – Seeks $1.5mn of Post-Petition Loans from Entity...

November 4, 2022 – The Debtor requested Court authority to enter into a $1.5mn Post-Petition Loan Agreement (the “Agreement”) with SP 180 Fund, LLC (“Lender”)*[Docket No. 227, with a form of the...

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Fast Radius, Inc. – Cloud Manufacturer, Facing Uncertainty as to Financing...

November 8, 2022 – The Debtors filed a motion seeking a bidding procedures order that would: (i) approve bidding procedures in relation to the sale of substantially all of the Debtors’ assets, (ii)...

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Madison Square Boys & Girls Club, Inc. – With Concerns as to Execution Risk...

November 10, 2022 – The Court hearing the Madison Square Boys & Girls Club case issued an order authorizing the Debtor to access $11.0mn in alternative debtor-in-possession (“DIP”) financing being...

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ExpressJet Airlines LLC – Court Approves $9mn Sale of Embraer Parts to...

November 10, 2022 – The Court hearing the ExpressJet Airlines case issued an order approving sale of the Debtor’s inventory, consisting of Embraer ERJ 145 and E175 parts, tooling, and ground support...

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FTX Trading Ltd – The FTX Group Files Chapter 11 with Over $10bn in...

[Just filed. Developing Story.] November 11, 2022 – FTX Trading Ltd. (dba FTX.com), West Realm Shires Services Inc. (dba FTX US), Alameda Research Ltd and approximately 130 other affiliated companies...

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LaForta – Gestao e Investimentos – Designates Operadora CICSA, S.A. de C.V....

November 1, 2022 – Further to the September 16th bidding procedures order [Docket No. 107] and apparently with only a single qualified bid beyond that of credit-bidding prepetition lenders (the...

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California-Nevada Methodist Homes – Finding that New Triangular Deal...

November 15, 2022 – The Court hearing the California-Nevada Methodist Homes case issued an order [Docket No. 589] authorizing the Debtor to amend the terms of its already Court-approved $34.0mn sale to...

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FTX Trading Ltd – [Update] New FTX CEO John J Ray III Blasts Legacy Governace...

November 17, 2022 – In a declaration filed in support of first day filings [Docket No. 24], the Debtors’ newly minted CEO, John J. Ray III, provides his chilling initial impressions as to the...

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Claim Jumper Acquisition Company, LLC – Files Motion Seeking Approval of...

November 17, 2022 – The Debtors filed a motion requesting each of a bidding procedures order, a sale order and a dismissal order [Docket No. 179]. The bidding procedures order would: (i) approve...

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Winc, Inc. – Direct-to-Consumer Wine Specialist Files for Bankruptcy; Looks...

[Just filed. Developing story.] December 1, 2022 – Winc, Inc. and two affiliated debtors (NYSE American: WBEV; together “Winc” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy...

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