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Quanergy Systems Inc – After Last Minute, Re-Opened Auction, Court Approves...
February 2, 2023 – The Court hearing the Quanergy Systems case issued an order approving a $3.15mn (increased by $1.25mn from an initial $1.9mn bid) sale of substantially all of the Debtor’s assets to...
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Independent Pet Partners Holdings, LLC – Leading Pet Food Retailer (& TPG...
January 11, 2023 – Independent Pet Partners Holdings, LLC and 12 affiliate debtors (“IPP“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticleDelphi Behavioral Health Group, LLC – Fort Lauderdale Based Operator of 13...
[Just filed. Developing story.] February 6, 2023 – Privately held Delphi Behavioral Health Group, LLC and 32 affiliate debtors (“Delphi Health Group“ or the “Debtors”) filed for Chapter 11 protection...
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Independent Pet Partners Holdings, LLC – Debtors Seek Court Authority to...
February 5, 2023 – The Debtors filed a motion requesting Court authority to: (i) assume a January 24, 2023 consultancy agreement with Houlihan Lokey Capital, Inc. ("Houlihan Lokey"), (ii) conduct store...
View ArticleIndependent Pet Partners Holdings, LLC – Seeks Approval of Bidding Procedures...
February 6, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 40]. The bidding procedures order would: (i) approve bidding procedures in...
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Nielsen & Bainbridge, LLC – Home Décor Leader (and Sycamore Partners...
February 8, 2023 – Nielsen & Bainbridge, LLC and 13 affiliated debtors (dba NBG Home*, “NBG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleTuesday Morning Corporation – Following Apparent Failure of November 2022...
February 14, 2023 – Tuesday Morning Corporation and six affiliated Debtors (“Tuesday Morning” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District...
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Nielsen & Bainbridge, LLC – Home Décor Leader (and Sycamore Partners...
February 8, 2023 – Nielsen & Bainbridge, LLC and 13 affiliated debtors (dba NBG Home*, “NBG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticlePWM Property Management LLC – With Parties Agreeing as to Mediation, Albeit...
February 14, 2023 – The Court hearing the PWM Property Management cases has extended (for a fourth time) the periods during which the 181 West Madison Debtors have an exclusive right to file a Chapter...
View ArticleTuesday Morning Corporation – Debtors Seek Court Authority to Close 264...
February 14, 2023 – The Debtors filed a motion requesting Court authority to close 264 underperforming stores (the "Closing Stores") [Docket No. 15, with a list of the Closing Stores beginning on p.33,...
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Tuesday Morning Corporation – Off Price Retailer Seeks Authority for $51.5mn...
February 14, 2023 – The Debtors requested Court authority to: (i) access $51.5mn of new money, debtor-in-possession (“DIP”) financing (including $25.0mn on interim basis, a portion of which will be...
View ArticleTuesday Morning Corporation – Prepetition ABL Agent Wells Fargo Files Trio of...
February 15, 2023 – Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as administrative agent and collateral agent under the Debtors' Prepetition ABL Credit Agreement, has been...
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Avaya Inc. – Down to “Gravely Insufficient” Last $45mn in Cash, Debtors Get...
February 15, 2023 – The Court hearing the Avaya cases issued an order authorizing the Debtors to: (i) access $400.0mn in new money (albeit with almost $100.0mn earmarked to settle prepetition...
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Stanadyne LLC – Automotive Parts Manufacturer (Controlled by Automotive SPAC...
February 16, 2023 – Privately held Stanadyne LLC and three affiliate debtors (“Stanadyne“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware...
View ArticleLucira Health, Inc. – Developer of Medical Testing Kits Files for Bankruptcy;...
February 22, 2023 – Lucira Health, Inc. (Nasdaq: LHDX; “Lucira“ or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-10242...
View ArticleTuesday Morning Corporation – After Delaying Consideration of Debtors’...
February 23, 2023 – Following a continued first day hearing, the Court hearing the Tuesday Morning Corporation cases issued an interim order (i) approving a proposed procedures for store closing sale...
View ArticleHyreCar, Inc. – Virtual Car Sharing Marketplace Files for Bankruptcy after...
February 25, 2023 – HyreCar, Inc. (OTCMKTS: HYRE; “HyreCar“ or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-10259 (Judge...
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Nautical Solutions, L.L.C. – Affiliates of Edison Chouest Offshore Notify...
February 24, 2023 – The Debtors notified the Court that their Amended Prepackaged Chapter 11 Plan of Reorganization has become effective as of February 24, 2023 [Docket No. 214]. The Court had...
View ArticleAearo Technologies LLC – U.S. Trustee Joins Tort Claimant’s Committee in...
February 25, 2023 – Largely tracking arguments made by the Debtors' Official Committee of Unsecured Creditors for Tort Claimants – Related to Use of Combat Arms Version 2 Earplugs (the “CAE Committee”)...
View ArticleIsagenix Reaches Agreement with Financial Stakeholders
Feb. 27, 2023 /PRNewswire/ — Isagenix International ("Isagenix" or "the Company"), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, announced today that it...
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