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PFO Global Sale Approval Sought

PFO Global filed with the U.S. Bankruptcy Court a motion to sell certain estate assets by public auction free and clear of all liens, claims and encumbrances. T he motion explains, “The Debtors have...

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rue21 Bankruptcy Objections Filed

rue21’s official committee of unsecured creditors and Woodmont Companies, DDR, DLC Management, GGP Limited Partnership, Gregory Greenfield & Associates, Jones Lang LaSalle Americas, Northwest...

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Grandparents.com Bankruptcy DS Approved

The U.S. Bankruptcy Court approved Grandparents.com’s Joint Disclosure Statement and scheduled a September 15, 2017 hearing to consider the First Amended Joint Plan of Liquidation, with objections due...

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First NBC Bank Chapter 11 Trustee Sought

First NBC Bank Holding’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion seeking the appointment of a Chapter 11 trustee. The motion explains, “The Committee...

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SunEdison Bankruptcy Settlement Filed

SunEdison filed with the U.S. Bankruptcy Court a motion for an order approving its entry into and performance under a settlement agreement with AIG Excess Casualty Claims (“AIG”), Xtreme Power, Xtreme...

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TerraVia Bankruptcy Sale Approved, Dates Fixed

The U.S. Bankruptcy Court approved TerraVia Holdings’ motion for an order approving bidding procedures for the sale of the Debtors’ assets; approving stalking horse protections; scheduling an auction...

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Adeptus Health Bankruptcy Plan Modified

The U.S. Bankruptcy Court approved Adeptus Health’s motion for leave to modify the Company’s Second Amended Joint Plan of Reorganization and Disclosure Statement. As previously reported, “The Debtors...

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Puerto Rico Bankruptcy Complaint Filed

American Federation of State, County & Municipal Employees (AFSCME), AFL-CIO filed with the U.S. Bankruptcy Court an adversary complaint against the Financial Oversight and Management Board for...

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T3M Bankruptcy Liquidation Sought

The U.S. Trustee assigned to the T3M case filed with the U.S. Bankruptcy Court a motion to convert the Chapter 11 reorganization case to a liquidation under Chapter 7. The motion explains, “T3M has...

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EFH Merger Agreement Amended

Energy Future Holdings filed with the U.S. Bankruptcy Court an amended and superseding motion of the E-Side Debtors for an order authorizing its entry into a merger agreement with Sempra Energy and...

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Grandparents.com Bankruptcy Compromise Filed

Grandparents.com filed with the U.S. Bankruptcy Court a motion to compromise controversy with VB Funding. The motion explains, “The Debtors seek approval of a settlement reached with VB Funding, which...

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Cecil Bancorp Motion to Modify Filed

Cecil Bancorp filed with the U.S. Bankruptcy Court a motion to modify the Company’s Plan of Reorganization. T he motion explains, “Under the Plan, only two classes of creditors are eligible to cast...

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CEOC Bankruptcy Agreement Filed

Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a motion to approve a compromise and settlement agreement by and among Caesars Entertainment Operating Company (CEOC),...

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rue21 Store Closing Approval Sought

rue21 filed with the U.S. Bankruptcy Court a notice of additional store closings. The notice states, “Pursuant to the Store Closing Order and by this written notice (this ‘Additional Closing Store...

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EFH Bankruptcy DS Filed

Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a Disclosure Statement related to the First Amended Joint Plan of Reorganization for the EFH/Energy Future Intermediate Holdings (EFIH)...

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Avaya Bankruptcy Reorganization Plan Filed

Avaya filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “In developing the Plan, the...

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Alvarez & Marsal Corporate Performance Improvement Group Expansion Announced

Alvarez & Marsal (A&M) announced the expansion of its Corporate Performance Improvement group and bolstered its operational and supply chain expertise with the addition of seasoned...

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Destination Maternity Hires Advisors

According to recent press and people familiar with the matter, Destination Maternity Corporation hired adviser Berkeley Research Group to review options in the current weak retail environment. A...

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Northern Oil and Gas Possible Debt Exchange

On August 23, 2017, S&P Global Ratings lowered its corporate credit rating on Northern Oil and Gas, Inc. to CCC- from CCC and its unsecured debt rating to CCC- from CCC. According to S&P...

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Perfumania Holdings Chapter 11 Petition, Plan Filed

Perfumania Holdings and 18 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11794 (Model Reorg Acquisition)....

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