BOSTON, Mass. (December 24, 2019) – As we write, US stock markets have just closed for the shortened Christmas Eve session.  A banner year is coming to an end for the three major indices.  Posterity may well look back on this departing decade with fond nostalgia.  The overall trend in bankruptcy filings fits the narrative of…

December 23, 2019 – The Debtors notified the Court [Docket No. 733] that their Second Amended Plan of Reorganization had become effective as of December 20, 2019. The Court had previously approved the Debtors’ Plan on December 18, 2019 [Docket No. 721]. The Debtors also filed a Plan supplement listing contracts to be assumed [Docket…

December 19, 2019 – The Court hearing the Bumble Bee Foods cases issued an order approving (i) bidding procedures in respect of the sale of substantially all of the Debtors’ U.S. and Canadian Assets (the "Sale"), (ii) the Debtors' asset purchase agreement (the "Stalking Horse APA") with Tonos US LLC, as U.S. Buyer, Tonos 1…

December 19, 2019 – The Court hearing the GUE Liquidation Companies (f/k/a FTD Companies, Inc.) case confirmed the Debtors’ First Amended Plan of Liquidation [Docket No. 1037].  On June 3, 2019, FTD Companies, Inc. (NASDAQ: FTD) and 14 affiliated Debtors (“FTD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in…

December 19, 2019 – The Court hearing the Arsenal Resources Development cases confirmed [Docket No. 216] the Debtors’ First Amended Joint Pre-Packaged Plan of Reorganization. On November 8, 2019, Arsenal Resources Development LLC and 16 affiliated Debtors (“ARD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of…

December 12, 2019 – The Court hearing the Promise Healthcare Group cases has extended (for a first, second, third, fourth, fifth time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including February 29, 2020 and April 29, 2020, respectively [Docket No….

December 18, 2019 – The Court hearing the Emerge Energy Services cases confirmed the Debtors’ Second Amended Joint Plan of Reorganization [Docket No. 721]. On December 5th, the Court had denied the confirmation of the Debtors’ Plan on the basis that the Plan's incorporation of implied consents to deliver binding third-party releases simply did not…

December 18, 2019 − High Ridge Brands Co. and 8 affiliated debtors ("High Ridge Brands" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12689. The Debtors, one of the largest independent branded personal care companies (holding rights, inter alia to Zest and…

December 17, 2019 – The Court hearing the Fusion Connect cases issued an order confirming the Debtors’ Third Amended Joint Chapter 11 Plan [Docket No. 680]. On June 3, 2019, Fusion Connect, Inc. and 18 affiliated Debtors (“Fusion” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District…