April 28, 2021 – The Court hearing the Hertz Corporation cases issued an order approving (i) the Debtors' proposed bidding and auction procedures and (ii) a timetable culminating in a May 10, 2021 auction and May 14, 2021 Post auction hearing [Docket No. 4310]. The order provides: "On April 21, 2021, the Boards of Directors…

April 26, 2021 – The Debtors filed a motion requesting an order establishing bidding and auction procedures (the "Bidding Procedures Motion") and a related motion requesting that the Court issue an order shortening the notice and objection periods in respect of the Bidding Procedures Motion [Docket Nos. 4208 and 4209, respectively].  On April 22nd, the…

April  26, 2021 – Secure Home Holdings LLC and four affiliated Debtors (dbe My Alarm Center, “Secure Home” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10745 (Judge Stickles). The Debtors, "a leading provider in home security," are represented by Robert A….

April 26, 2021 – The Court hearing the Garrett Motion cases confirmed the Debtors’ Amended Plan of Reorganization [Docket No. 1161]. On September 20, 2020, Garrett Motion Inc. and 36 affiliated Debtors (NYSE: GTX; “Garrett” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York,…

April 26, 2021 – The Debtors notified the Court that their Second Amended Plan of Reorganization had become effective as of April 23, 2021 [Docket No. 1285]. The Court had previously confirmed the Debtors’ Plan on April 8, 2021 [Docket No. 1231]. On April 26, 2020, Diamond Offshore Drilling, Inc. and 14 affiliated Debtors (NYSE:…

April 23, 2021 – The Court hearing the China Fishery Group Limited cases issued an order approving (i) proposed bidding procedure for the sale of substantially all of Debtor CFG Peru Singapore’s equity interests in CFGI (the “CFGI Equity Interests” and the “Sale,” respectively) and (ii) an auction/sale timetable culminating in a May 7, 2021…

April 22, 2021 – The Court hearing the AeroCentury cases issued an order (i) approving bidding procedures, including bidder protections, in respect of the Debtors’ proposed sale of substantially all of their assets, (ii) authorizing the Debtors to enter into a stalking horse asset purchase agreement (the “APA”) with Drake Asset Management Jersey Limited (“Drake”…

April 21, 2021 – In advance of their scheduled April 21st Disclosure Statement hearing, the Debtors filed a Fourth Amended Joint Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 4077 and 4081, respectively]; and separately filed a redline of showing changes to the versions filed on April 15, 2021 [Docket No….

April 21, 2021 – The Court hearing the Carla’s Pasta cases issued a bench ruling approving the $27.5mn sale of the Debtors' assets to CP Foods LLC and NFP Real Estate LLC (affiliates of stalking horse Tribe 9 Foods (“Tribe 9” or the “Stalking Horse”)) [Docket No. 454]. The Court's bench ruling makes significant amendments…

April 19, 2021 – The Debtor filed a Third Amended Chapter 11 Plan of Liquidation and a related Disclosure Statement [with Plan attached to the Disclosure Statement at Docket No. 518]; and separately filed redlines showing changes to the versions filed on March 11, 2021 [Docket No. 519]. The amended Plan now treats Priority Tax…