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Alitalia – Societa Aerea Italiana Chapter 15 Petition

Fiumicino, Italy-based Alitalia – Societa Aerea Italiana filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-11618. The Company, which...

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DirectBuy Holdings Bankruptcy Dismissal Sought

DirectBuy Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order dismissing the Debtors’ Chapter 11 proceeding. The motion explains, “The Debtors commenced these Chapter 11 cases...

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Gordmans Stores Exclusivity Extension Sought

Gordmans Stores filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...

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Puerto Rico Bankruptcy Committees Appointed

The U.S. Trustee assigned to the Commonwealth of Puerto Rico case appointed an official committee of unsecured creditors. The following members will serve on the committee: Mark Richard of The American...

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Unilife Bankruptcy Objection Filed

Wells Fargo Vendor Financial Services filed with the U.S. Bankruptcy Court an objection to Unilife’s notice to counterparties to executory contracts and unexpired leases regarding cure amounts and...

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Gulfmark Offshore RSA Approved

The U.S. Bankruptcy Court approved Gulfmark Offshore’s motion for authority to assume a restructuring support agreement (RSA). As previously reported, “The terms of the restructuring are reflected in...

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Ignite Restaurant Bankruptcy KERP Filed

Ignite Restaurant Group filed with the U.S. Bankruptcy Court a motion for entry of an order approving key employee retention plan (KERP). The motion explains, “The Retention Plan contemplates retention...

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SquareTwo Financial Reorganizes

SquareTwo Financial’s Modified Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on June 9, 2017. As...

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MIE Holdings Distressed Debt Exchange

On June 12, 2017, S&P Global Ratings lowered its long-term corporate credit rating on MIE Holdings Corporation to CC from CCC and its senior unsecured notes rating to CC from CCC. According to...

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A.M. Castle Prepackaged Chapter 11 Bankruptcy

A.M. Castle and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11330 (Keystone Tube Company). The Company, which...

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Aeropostale Bankruptcy Complaint Filed

Aeropostale filed with the U.S. Bankruptcy Court a complaint against Hilco Merchant Resources, Gordon Brothers Retail Partners and Aero Opco (Defendants). Aeropostale argues, “Plaintiffs bring this...

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Novation Bankruptcy Objection Filed

Deutsche Bank National Trust filed with the U.S. Bankruptcy Court an objection to Novation Companies’ settlement by and among the Debtors, the noteholders and the creditors’ committee. The objection...

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Gymboree Bankruptcy Reorganization Plan Filed

Gymboree filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “If the Plan is confirmed, Gymboree will...

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Tidewater Bankruptcy Plan Hearing Adjournment Sought

Tidewater’s ad hoc committee of equity security holders filed with the U.S. Bankruptcy Court a motion for adjournment of the joint Disclosure Statement and Plan hearing. The motion explains, “The...

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Novation Bankruptcy Reorganization Plan Summarized

BankruptcyData’s detailed analysis and summary of Novation Companies’ Second Amended Joint Chapter 11 Plan of Reorganization, dated May 17, 2017, is now available. The U.S. Bankruptcy Court confirmed...

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Adeptus Health Ombudsman Order Amended

The U.S. Bankruptcy Court issued an amended order directing U.S. Trustee to appoint a health care ombudsman for the Adeptus Health case. The amended order states, “The Court is of the opinion that the...

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Katy Bankruptcy Sale, Procedures Approved

The U.S. Bankruptcy Court approved Katy Industries’ motion for entry of orders (i) approving and authorizing bidding procedures in connection with the sale of substantially all assets, approving...

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Gymboree Backstop Commitment Approval Sought

Gymboree filed with the U.S. Bankruptcy Court a motion for entry of an order (i) authorizing (a) the Debtors to assume a backstop commitment agreement and (b) the payment and allowance of related fees...

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Puerto Rico Bankruptcy Objections Filed

Multiple parties – including Mutual Fund Group and the Puerto Rico Funds, National Public Finance Guarantee, Ambac Assurance and the COFINA Senior Bondholders’ Coalition – filed with the U.S....

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SunEdison Bankruptcy Agreement Approved

The U.S. Bankruptcy Court approved SunEdison’s motion for an order authorizing and approving is entry into a transition services agreement with Terraform Power, regarding transition of a portion of the...

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