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…

February 2, 2020 – The Debtors notified the Court that they had selected SPARC Group F21, LLC (the “SPARC Group” or the "Stalking Horse Bidder," a consortium of Simon Property Group, Brookfield and Authentic Brands Group) as the stalking horse bidder in respect of a section 363 auction/sale process and attached an executed an executed…

February 3, 2020 − Earth Fare Inc. and one affiliated Debtor (“Earth Fare” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-20-10256. The Debtors, a natural and organic supermarket chain with 50 locations in 10 states throughout the Southeast and Midwest United…