January 30, 2020 – The Debtor filed their Chapter 11 Plan of Reorganization [Docket No. 905]. The Plan offers victims of sexual abuse sitting in its Class 6 two paths to a substantially identical and finite $215.0mn pot of insurance proceeds. They can, as a group, vote to accept the $215.0mn on offer or continue…

January 30, 2020 – The Debtors filed a bidding procedures motion requesting (i) approval of proposed bidding procedures, including bidder protections, in respect of the sale of substantially all of the Debtor's assets and (ii) a proposed auction/sale timetable culminating in a February 10th auction and a February 11th sale hearing [Docket No. 802]. Numerous…

January 19, 2011  – Oak Point Partners acquired the remnant assets of the Winstar Communications, Inc., et al., Bankruptcy Estates in January 2011. On April 18, 2001, Winstar Communications, Inc. and its related entities (“Winstar Communications”) filed a chapter 11 petition in the United States Bankruptcy Court for the District of Delaware, assigned Case No….

January 27, 2020 − Privately-held Southland Royalty Company LLC  (“Southland” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10158. The Debtor, an independent upstream energy company headquartered in Fort Worth, is represented by M. Blake Cleary of Young Conaway Stargatt & Taylor,…

January 27, 2020 − Lucky's Market Parent Company, LLC and 21 affiliated Debtors (“Lucky's Market” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10166. The Debtors, operators of 39 organic grocery stores, are represented by Christopher A. Ward of Polsinelli PC. Further…

January 27, 2020 − BL Restaurants Holding, LLC and three affiliated Debtors (d/b/a Bar Louie, “Bar Louie” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10156. The Debtors, who operate approximately110 gastrobars, are represented by Domenic E. Pacitti of Klehr Harrison Harvey…

January 23,2020 − DBMP LLC  (“DBMP” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, lead case number 20-30080. The Debtor, a company formed in 2019 to hold the legacy asbestos liability of CertainTeed LLC, an indirect subsidiary of France's Saint-Gobain, is represented by…

January 23, 2020 − SFP Franchise Corp. and one affiliated Debtor (d/b/a Schurman Fine Papers, together with SFP Franchise Corp. “Schurman” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10134. The Debtors, a stationery, greeting card, gifts, and paper products company based…

January 22, 2020 – The Debtors requested Court authority to access (i) $2.81bn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral  [Docket No. 56]. The DIP financing is comprised of (i) a $2.067bn term loan facility (the "DIP Term Loan Facility") and (ii) a $743.0mn DIP letter of credit facility (the "DIP Letter of…

January 22, 2020 – The Debtors filed a motion [Docket No. 110] requesting Court approval for (i) bidding procedures in respect of the sale of the Debtors' Lummus Assets (the “Sale”) and (ii)  authorization to enter into a $2.725bn stalking horse asset purchase agreement (the "APA," attached to the motion) with Illuminate Buyer, LLC (the…