March 11, 2021 – The Debtors notified the Court that their Third Amended Plan became effective as of March 11, 2021 [Docket No. 1498]. The Court had previously confirmed the Debtors’ Plan on January 22, 2021 [Docket No. 1397]. On April 23, 2020, SpeedCast International Limited and 32 affiliated Debtors (formerly listed on Australia’s ASX,…

March 11, 2021 – The Court hearing the Cred cases confirmed the Debtors’ Modified First Amended Plan of Liquidation [Docket No. 629]. Subsequently, on March 29, 2021, the Court issued an order extending the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including May…

March 9, 2021 – The Debtors filed a further Third Amended Chapter 11 Plan and a related Disclosure Statement, with each attaching blacklines showing changes to the versions filed on February 15, 2021 [Docket Nos. 993 and 994, respectively].  March 10th has long loomed large on the Debtors' calendar, with the Debtors set to face…

March 9, 2021 – Sundance Energy Inc. and three affiliated Debtors (NASDAQ: SNDE; “Sundance” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-30882 (Judge Jones). The Debtors, "an onshore independent oil and natural gas company focused on the development of large,…

March 8, 2021 – Medley LLC (“Medley” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 20-10526  The Debtor, an alternative asset management firm "offering yield solutions to retail and institutional investors," is represented by Eric J Monzo of Morris James LLP. Further board-authorized…

March 4, 2021 – Further to the Court’s February 8th bidding procedure order [Docket No. 280] and absent the receipt of any other qualified bids, the Debtors canceled the auction scheduled for March 8, 2021 and designated prepetition and debtor-in-possession (“DIP”) lender CrowdOut Capital, LLC (“CrowdOut” or the “Stalking Horse Bidder”) as the successful bidder…

March 3, 2021 – The Court hearing the CiCi’s Holdings, Inc. cases issued an order confirming the Joint Prepackaged Plan of Reorganization [Docket No. [200]. On January 26, 2021, privately held CiCi’s Holdings, Inc. and eight affiliated Debtors (d/b/a cicis pizza; “CiCi’s” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court…

March 3, 2021 – Alamo Drafthouse Cinemas Holdings, LLC and 33 affiliated Debtors (“Alamo Drafthouse” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10474. The Debtors, an Austin, Texas-based "dine-in" cinema chain with 41 locations across the United States, are represented by…

March 2, 2021 – The Court hearing the Knotel cases issued a final order authorizing the Debtors to (i) access a further $5.4mn of new money, debtor-in-possession (“DIP”) financing, (ii) roll up $5.4mn of prepetition loans (the “Final DIP Roll-Up Loans”) and (iii) continue using cash collateral [Docket No. 330]. The new money DIP financing,…

March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10461. The Florida-based Debtors, with non-debtors, operators of 140 skilled nursing facilities across six states, are represented by…