January 22, 2020 − In order to further a "strategic sale process," Fairway Group Holdings Corp. and 25 affiliated Debtors (“Fairway” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 20-10161. The Debtors, a leading food retailing destination in the Greater…

January 22, 2020 – The Court hearing the Clover Technologies Group cases approved the Debtors’ Prepackaged Chapter 11 Plan of Reorganization, paving the way for the Debtors to emerge deleveraged by more than $360.0mn and with holders of the Debtors' $644.1mn of pre-petition term loans owning 100% of the emerged Debtors' common stock [Docket No….

January 21, 2020 – Each of the Debtors' Official Committee of Unsecured Creditors (the “Committee”) and Black Diamond Commercial Finance, L.L.C. (“BDCF,” agent under the Debtors' Term Loan Facility, $36.5mn outstanding as at Petition date) filed motions seeking conversion of the Debtors’ Chapter 11 cases to cases under Chapter 7 [Docket Nos. 417 and 419,…

December 12, 2019 – The Court hearing the Bayou Steel BD Holdings cases issued an order approving the $28.0mn sale of substantially all of the Debtors' assets to Liberty BSG Holdings Inc. (the “Buyer”) [Docket No. 371]. The asset purchase agreement (“APA”) memorializing the sale is attached to the order as Exhibit 1.  Acquisition vehicle…

January 21, 2020 − McDermott International, Inc. and a plethora of affiliated Debtors (NYSE: MDR, “McDermott” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-30336. The Debtors, a Houston-based energy services company, are represented by Matthew D. Cavenaugh of Jackson Walker…

January 16, 2020 – Further to the Court’s January 6th bidding procedures order [Docket No. 218], the Debtors filed (i) an asset purchase agreement in respect of a proposed $14.5mn sale of their Taylor Express, Inc. assets (the “Taylor Assets”) to White Willow Holdings LLC (the “Buyer”) and (ii) a notice of its intent to…

January 15, 2020 – The Court hearing the NORPAC Foods cases issued an order [Docket No. 561] approving the asset purchase agreement (the “APA”), dated December 18, 2019, amongst the Debtors and Lineage Master RE, LLC (the “Buyer,” an affiliate of Lineage Logistics) further to which the Buyer agreed to purchase a substantial portion of…

January 15, 2020 – The Court hearing the New England Motor Freight cases confirmed the Debtors’ Combined Chapter 11 Liquidation Plan and Disclosure Statement (the "Combined Document") [Docket No. 1123].  On February 11, 2019, New England Motor Freight and 10 affiliated Debtors (“NEMF” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy…

January 15., 2020 – The Court hearing the Hospital Acquisition cases issued an order [Docket No. 893] confirming the Debtors' Combined Disclosure Statement and Amended Joint Chapter 11 Plan of Liquidation (the "Combined Document"). On May 6, 2019, Privately-held Hospital Acquisition LLC and 25 affiliated Debtors (trading as Lifecare Health Partners, "LifeCare" or the "Debtors")…

 September 18, 2008  – Oak Point Partners acquired the remnant assets of the Estates of Scott Acquisition Corp., et al., in September 2008. On September 10, 2004, the Scott Acquisition Corp. and its related entities (“Scotty’s”) filed a chapter 7 petition in the United States Bankruptcy Court for the District of Delaware, assigned Case No….