T3M Bankruptcy Conversion Conditionally Approved
The U.S. Bankruptcy Court granted conditional approval to the motion to convert T3M’s Chapter 11 reorganization to a liquidation under Chapter 7 or, alternatively, to dismiss the case. The order...
View ArticleHampshire Group Exclusivity Extension Sought
Hampshire Group filed with the U.S. Bankruptcy Court a fifth motion for an order extending the exclusive periods during which the Debtors may file a Chapter 11 plan and solicit acceptances thereof,...
View ArticlePuerto Rico Bankruptcy Objections Filed
The Commonwealth of Puerto Rico and The Bank of New York Mellon filed with the U.S. Bankruptcy Court separate objections to the motion of Bettina Whyte, the COFINA agent, for an order (i) confirming...
View ArticleJefferies Amsterdam Office Opened
Jefferies announced that it has opened an investment banking office in Amsterdam, the Netherlands. Located in the Amsterdam World Trade Centre, the new office will serve clients across the Benelux...
View ArticleMogul Energy Chapter 7 Bankruptcy Liquidation
Mogul Energy International filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 17-35467. The Company, which provides oil and gas exploration and...
View ArticleCECO Bankruptcy Compromise Approved
The U.S. Bankruptcy Court issued an order approving Caesars Entertainment Operating Company’s (CEOC) compromise or settlement, per Rule 9019, between CEOC and the State of Mississippi. As previously...
View ArticleQuadrant 4 Systems Bankruptcy KEIP Filed
Quadrant 4 Systems filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtor’s key employee incentive program (KEIP). The motion explains, “For a variety of reasons, including...
View ArticleKid Brands Bankruptcy Liquidation Sought
The U.S. Trustee assigned to the Kid Brands case filed with the U.S, Bankruptcy Court a motion to convert the Company’s Chapter 11 reorganization to a liquidation under Chapter 7. The motion explains,...
View Articlerue21 Bankruptcy Objection Filed
Multiple parties including – Posner Park Retail; Ramco-Gershenson Properties Trust and Phillips Edison & Company; IREIT Louisville Dixie Valley, IREIT West Valley City Lake Park and Duluth...
View ArticleRetailers Downgraded by S&P
On September 21, 2017, S&P Global Ratings lowered its corporate credit rating on Charlotte Russe, Inc. to CCC- from CCC+ and its first-lien debt rating to CCC- from CCC+. According to S&P...
View ArticleAudit Concern for Amedica
In Form 10-K filed on September 20, 2017, Amedica Corporation’s auditor, BDO USA, LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to BDO USA, the...
View ArticleClik here to view.
rue21 Bankruptcy Reorganization Plan Effective
rue21’s First Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on September 8, 2017....
View ArticleCiber Bankruptcy Liquidation Analysis Filed
Ciber filed with the U.S. Bankruptcy Court a liquidation analysis. The notice states, “The Liquidation Analysis was prepared solely to assist the Bankruptcy Court in making the legal determination...
View ArticleAdeptus Health Bankruptcy Objections Filed
The U.S. Trustee assigned to the Adeptus Health case, SCG Capital and PST Services filed with the U.S. Bankruptcy Court separate objections to the Company’s Third Amended Joint Plan of Reorganization....
View ArticleGulfmark Offshore D.I.P. Financing Amended
Gulfmark Offshore filed with the U.S. Bankruptcy Court a motion for an order approving the approving first amendment to the Company’s senior secured super priority debtor-in-possession credit...
View ArticleIronclad Performance Wear Bankruptcy Objection Filed
Big Time Products (BTP) filed with the U.S. Bankruptcy Court an objection to Ironclad Performance Wear’s asset purchase agreement, bidding procedures and stalking horse bid protections. The objection...
View ArticleDakota Plains Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court issued an order confirming Dakota Plains Holdings’ Amended Chapter 11 Plan of Liquidation. As previously reported, “The overall purpose of the Plan is to liquidate and...
View ArticlePerformance Sports Bankruptcy Objection Filed
Plumbers & Pipefitters National Pension Fund, for itself and on behalf of the putative class of purchasers of PSG common stock, filed with the U.S. Bankruptcy Court an objection to Performance...
View ArticleGrandparents.com Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of Grandparents.com’s First Amended Joint Plan of Liquidation, dated August 16, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on...
View ArticleIronclad Performance Wear Bankruptcy Objection Filed
Ironclad Performance Wear’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Company’s asset purchase agreement, bidding procedures and stalking horse...
View Article