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Oakridge Holdings Bankruptcy Extension Approved

The U.S. Bankruptcy Court approved Oakridge Holdings motion for a 120-day extension of the exclusive period during which the Debtors can file a plan through and including January 18, 2018. As...

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Premier Exhibitions Bankruptcy KERP/KEIP Approved

The U.S. Bankruptcy Court approved Premier Exhibitions’ motion to allow the Debtors to (i) implement a key employee retention plan (KERP), (ii) implement a key employee incentive plan (KEIP) for...

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Aerosoles Chapter 11 Bankruptcy

Privately-held AeroGroup International (a/k/a Aerosoles) and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...

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Foundation Healthcare Bankruptcy Plan Summarized

BankruptcyData’s detailed analysis and summary of Foundation Healthcare’s First Amended Joint Chapter 11 Plan of Liquidation, dated August 9, 2017, is now available. The U.S. Bankruptcy Court confirmed...

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Camber Energy Receives Notice of Default

In Form 8-K filed on September 12, 2017, Camber Energy, Inc. received a Notice of Default and Opportunity to Cure from its senior lender, International Bank of Commerce, stating that the Company was in...

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David’s Bridal Downgraded

On September 11, 2017, Moody’s Investors Service downgraded David’s Bridal, Inc.’s corporate family rating to Caa2 from Caa1, probability of default rating to Caa2-PD from Caa1-PD, senior secured term...

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Ciber Bankruptcy Objections Filed

Ciber’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ Disclosure Statement. The committee asserts, “The Disclosure Statement fails to...

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First NBC Bankruptcy Extension Approved

The U.S. Bankruptcy Court approved First NBC Bank Holding’s motion for enlargement of the exclusive period and time within which the Debtor’s Plan may be accepted and confirmed. The order states, “It...

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21st Century Oncology Bankruptcy Settlement Approval Sought

21st Century Oncology Holdings filed with the U.S. Bankruptcy Court a joint notice of settlement with the Company’s official committee of unsecured creditors. The settlement notes, “To resolve the...

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Distressed Retailers Report Released: Retail Bankruptcies Increase Expected

In light of the recent barrage of high-profile retail bankruptcies–including AA Bridal, Aerosoles, Gordmans Stores, Gymboree, hhgregg, Perfumania Holdings, rue21, Vitamin World and countless...

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Toys “R” Us Chapter 11 Bankruptycy

Toys “R” Us and 24 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case number 17-34665. The Company, which retails...

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Crossroads Systems Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court approved Crossroads Systems’ Disclosure Statement and concurrently issued an order confirming its Plan of Reorganization, with technical modifications. According to documents...

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21st Century Oncology Bankruptcy Report Filed

21st Century Oncology Holdings’ patient care ombudsman (PCO) filed with the U.S. Bankruptcy Court a second report. The report states, “I found no indication that the Debtors’ bankruptcy filings have...

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SunEdison Bankruptcy Procedures Filed

SunEdison filed with the U.S. Bankruptcy Court a motion for an order approving bidding procedures related to the Debtors’ sale of real property located in Sherman, TX (subject to higher or better...

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GenOn Energy Bankruptcy Objection Filed

The U.S. Trustee assigned to the GenOn Energy case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for entry of an order approving marketing process procedures, notes offering...

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Toys “R” Us D.I.P. Financing Approval Sought

Toys “R” Us filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders authorizing the North American Debtors to obtain post-petition financing and use cash collateral,...

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Ignite Restaurant Bankruptcy DS Approved

The U.S. Bankruptcy Court approved Ignite Restaurant Group’s Disclosure Statement related to its Amended Chapter 11 Plan. According to the Disclosure Statement, “The Plan is premised on the substantive...

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Perfumania Bankruptcy Hearing Adjourned

CIII Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order adjourning all of the Debtors’ matters (collectively, the “October 6 Matters”) – along with all related objection...

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Ciber Bankruptcy Plan Filed

Ciber filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides that, except to the...

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Optima Specialty Steel Commitment Letter Filed

Optima Specialty Steel filed with the U.S. Bankruptcy Court a redacted motion for entry of an order authorizing the Company to (a) enter into an exit financing commitment letter and related fee letter...

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