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...
View ArticlePremier 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...
View ArticleAerosoles 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...
View ArticleFoundation 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...
View ArticleCamber 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...
View ArticleDavid’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...
View ArticleCiber 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...
View ArticleFirst 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...
View Article21st 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...
View ArticleCrossroads 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...
View Article21st 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...
View ArticleSunEdison 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...
View ArticleGenOn 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...
View ArticleToys “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,...
View ArticleIgnite 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...
View ArticlePerfumania 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...
View ArticleCiber 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...
View ArticleOptima 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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