February 23, 2022 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including June 23, 2022 and August 22, 2022, respectively [Docket No. 130]. Absent the requested relief, the Plan filing and solicitation periods were…
February 25, 2022 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Plan, and solicit acceptances thereof, through and including June 28, 2022 and August 27, 2022, respectively [Docket No. 483]. Absent the requested relief, the Plan filing and solicitation periods are scheduled to…
February 23, 2022 – Day two of the hearing on the Debtors' motion to reduce a $1.9bn bill received based on the decisions of grid operator the Electric Reliability Council of Texas ("Ercot") in the wake of Winter Storm Uri featured testimony from since-terminated Ercot chief executive officer Bill Magness regarding the decision making that…
February 18, 2022 – Further to a January 28th bidding procedures order [Docket No. 90] and a February 18th sale hearing, the Court hearing the BH Cosmetics cases issued an order approving the $4.3mn sale of a majority of the Debtors’ intellectual property and inventory to RBI Acquisition Holdings, LLC (the “Purchaser”) [Docket No. 182]….
February 18, 2022 – The Court hearing the Semper Utilities case dismissed the Debtor’s Chapter 11 case [Docket No. 29] holding that the Debtor did not have the corporate authority to file for bankruptcy, but otherwise declining to weigh in on the underlying battle for control of the Debtor; a matter in respect of which…
February 16, 2022 – As directed by the Court at a January 28th hearing, the Debtor has now filed an amended Plan of Liquidation and a related Disclosure Statement [Docket No. 377 and 378, respectively, which do not attach blacklines]. At that January 28th hearing, at which the Debtors had hoped to win approval of…
February 16, 2022 – The Court hearing the Corp Group Banking cases has extended (for a second time) the periods during which the Debtors* have an exclusive right to file a Plan and solicit acceptances thereof, through and including April 25, 2022, or seven days following the conclusion of the hearing on confirmation of theDebtors’…
February 14, 2022 – Parties* claiming to be the legitimate owners of Debtor Semper Utilities, LLC (a Philapdelphia-based company servicing electric powerlines) filed a motion to dismiss the Debtor's Chapter 11 case, arguing that the Debtor (and its founder Sotero “Mike” Diaz) "did not have corporate authority to commence the Chapter 11 petition” [Docket No….
February 11, 2022 – Semper Utilities, LLC (“Semper” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, case number 22-11128 (Judge Andrew B. Altenburg Jr.). The Debtor, a Philadelphia headquarted company "offering a wide variety of powerline services," is represented by Jeffrey Kurtzman of Kurtzman…
February 4, 2022 – The Court hearing the Grupo Aeroméxico cases issued an order confirming the Debtors’ Fourth Revised Plan of Reorganization [Docket No. 2668]. Also on February 4th, the Debtors filed (i) their Fourth Revised Plan of Reorganization and a related blackline showing changes to the version filed on December 10, 2021 [Docket No….
