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April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898, respectively].  On April 15th, the Debtors filed a Second Modified Second Revised Disclosure Statement and a related redline showing changes…

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April 14, 2021 – The Debtors filed a motion to extend (for a third time) the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including September 2, 2021 and November 2, 2021, respectively [Docket No. 1534]. Absent the requested relief, the exclusive periods are scheduled…

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April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898, respectively].  Most notable amongst changes in this latest iteration of the Plan is the proposed recovery for general unsecureds in…

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April 13, 2021 – The Court hearing the Stein Mart cases confirmed the Debtors’ Plan of Liquidation [Docket No. [1010]. On August 12, 2020, Stein Mart, Inc. and two affiliated Debtors (NASDAQ: SMRT; “Stein Mart” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, lead…

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April 12, 2021 – Privately held Automotores Gildemeister SpA and 12 affiliated Debtors (“Automotores” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 21-10685. The Debtors, a leading :Latin American automotive retailer (weighted towards Chile and Hyundai) are represented by Jane…

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April 8, 2021 – The Court hearing the Diamond Offshore Drilling cases confirmed the Debtors’ Second Amended Plan of Reorganization [Docket No. 1231]. On April 26, 2020, Diamond Offshore Drilling, Inc. and 14 affiliated Debtors (NYSE: DO, “Diamond Offshore” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern…

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April 7, 2021 – Stoneway Capital Ltd. and five affiliated Debtors (“Stoneway” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 21-10646 (Judge ). The Debtors, whose principal business is the construction, ownership and operation of four power generation facilities located…

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April 6, 2021 – The Debtors requested Court authority to (i) access $60.0mn of debtor-in-possession (“DIP”) financing in the form of a super-priority credit facility being provided by prepetition lender The Boeing Company (with $22.0mn to be available upon issuance of an interim DIP order) and (ii) use cash collateral [Docket No. 12 with credit…

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April  5, 2021 – TECT Aerospace Group Holdings, Inc. and six affiliated Debtors (“TECT Aerospace” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10670. The Wichita, Kansas based Debtors, who manufacture "complex aerostructure components," are represented by Paul N. Heath of Richards,…

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April 1, 2021 – As required by their March 9th final cash collateral order [Docket No. 253], the Debtors have now provided a comprehensive restructuring proposal to the coordinating committee of secured lenders (the “CoCom”) and the ad hoc group of certain prepetition secured parties (the “Ad Hoc Group”); a redacted copy of which they…