February 25, 2021 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of February 24, 2021 [Docket No. 1163]. The Court had previously confirmed the Debtors’ Plan, as modified on February 17, 2021 [Docket No. 1144]. On October 7, 2020, privately-held RTI Holding Company, LLC and 50…

February 24, 2021 – The Court hearing the Belk Inc. cases issued an order approving the Debtors' Prepackaged Chapter 11 Plan of Reorganization [Docket No. 61]; with the Debtors quickly filing a notice of effectiveness in respect of this one-day prepack. Also filed were (i) two Plan Supplements attaching more than 1,500 pages of exit…

February 23, 2021 – The Debtors filed a revised Disclosure Statement with an attached redline showing changes to the version filed on November 24, 2020 [Docket No. 817]. On February 24th, the Court hearing the Gulfport Energy Corporation cases issued an order approving the Debtors’ (i) Disclosure Statement, (ii) proposed Plan solicitation and voting procedures…

February 23, 2021 – Belk Inc. and 17 affiliated Debtors (“Belk” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 21-30630. The Debtors, retailers with 291 stores across 16 southeastern states, are represented by Jackson Walker LLP. Further board-authorized engagements include (i)…

February 22, 2021 – The Debtors have requested Court approval of a stipulation reached with CoStar Group Inc("CoStar") to settle litigation in respect of $58.75mn break-up fee that the Debtors allege they are owed following the collapse of the Court-approved sale of the Debtors' assets to CoStar. The stipulation will see the Debtors receive 88.5%…

February 18, 2021 – The Debtors filed a motion requesting a final debtor-in-possession ("DIP") order that would approve replacement DIP financing comprised of (i) a $95.0mn DIP term loan to be provided by newcomer Brigade Capital Management, LP ("Brigade," perhaps onlending the $175.0mn it will pocket, subject to appeal, courtesy of Citigroup's infamous Revlon error)…

February 16, 2021 – The Debtor filed a Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 1313 and 1314, respectively]; and further filed a motion requesting Court approval of (i) the Disclosure Statement, (ii) proposed Plan solicitation and voting procedures and (iii) a proposed schedule culminating in a May 12, 2021 Plan confirmation…

February 15, 2021 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors' chosen stalking horse (Digiatech, LLC or "Digiatech') and proposed sale procedures arguing that the Debtors, in concert with their insider stalking horse, are foisting "an extremely expedited timeline that cannot possibly lead to a reasonable sale process and…

February 15, 2021 – Country Fresh Holding Company Inc. and 16 affiliated Debtors (dba Fresh Food Group; “Country Fresh” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 21-30574 (Judge Isgur). The Debtors, "a premier, full-service provider of branded and private-label offerings"…

February 10, 2021 – Mercy Hospital and Medical Center and one affiliated debtor (“Mercy” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Illinois, lead case number 21-01805 (Judge Barnes). The Debtors, a not-for-profit 258-bed medical center located in Chicago’s South Side, are represented by Edward…