February 13, 2020 − The McClatchy Company and 53 affiliated Debtors (NYSE American: "MNI," “McClatchy” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 20-10418. The Debtors, the operator of 30 media companies in 14 states, are represented by Shana A….

February 11, 2020 – The Debtors' claims agent notified the Court of Plan voting results [Docket No. 973]. The results reflect a common divergence in Plan support between secured and unsecured creditors; the degree of that divergence and the size of Class 5 ("General Unsecured Claims," between $1.35bn and $1.75bn in total estimated claims), however,…

February 7, 2020 − SD-Charlotte, LLC and four affiliated Debtors (together, the “Debtors,” each separately and privately held) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, lead case number 20-30149. The Debtors, who collectively own and operate approximately 90 franchised restaurants in the Southeast United States…

February 9, 2020 − Valeritas Holdings, Inc. and three affiliated Debtors (“Valeritas” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10290. The Debtors, a commercial-stage medical technology company focused on the development of products for type 2 diabetes patients, are represented by…

February 7, 2020 − American Commercial Lines, LLC and ten affiliated Debtors ("ACL” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-30982. The Debtors, providers of inland barge transportation services, are represented by John F. Higgins of Porter Hedges LLP. Further…

February 5, 2020 – Having been granted special dispensation by the Court for two extra days to file an objection to the Debtors' recently amended Plan, the United States Attorney General (the "DOJ"), nominally on behalf of the Internal Revenue Service (“IRS”), the Bureau of Customs and Border Protection (“CBP”), and the Federal Communications Commission…

February 6, 2020 − GenCanna Global USA, Inc. and two affiliated Debtors (“GenCanna” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Kentucky, lead case number 20-50133. The Debtors’ filing follows involuntary Chapter 11 petitions filed by creditors on January 24nd; with the Debtors now conceding…

February 5, 2020 – Further to a February 4th hearing and having considered the input of the Debtor's and the Debtor's Official Committee of Unsecured Creditors (the "Committee"), the Court hearing the Highland Capital Management case denied the U.S. Trustee’s request for the appointment Chapter 11 Trustee; holding that "no cause exists" for such an…

April 2, 2019 – Oak Point Partners acquired the remnant assets of the Sadler Clinic, PLLC, et al., Substantively Consolidated Bankruptcy Estate (Sadler Clinic) in April 2019. On June 15, 2012, Sadler Clinic and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for…

February 3, 2020 – Further to the requirements of a January 9th bidding procedures order [Docket No. 184], the Debtors have notified the Court of its intention to designate Alpine Energy Acquisitions ($192.5mn bid) as a stalking horse bidder (“the Stalking Horse”) in respect of section 363 auction/sale process [Docket No. 243]. An executed copy…