April 23, 2023 – Bed Bath & Beyond Inc. and 73 affiliate debtors (Nasdaq: BBBY, “BBB“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case number 23-13359 (Judge TBA). The Debtors, “an omnichannel retailer with 949 stores and numerous websites,*” are represented by…

April 20, 2023 – Further to the Court’s revised bidding procedures order of October 6th [Docket No. 1287] and an April 18th sale hearing, the Court hearing the MTPC cases issued an order approving the $9.1mn sale of Debtors' PCPT Hamlin assets (i.e., their Orlando, FL Proton Therapy Center) to New Independence Realty, LLC (the…

April 20, 2023 – Further to a March 20th bidding procedures order (as amended) and an auction held on April 19th-20th, the Debtors notified the Court that they had selected Hilco Merchant Resources, LLC ("Hilco") as the successful bidder in respect sale of “certain of the Debtors’ assets related to the Debtors’ remaining stores*” (the…

April 19, 2023 – Beverly Community Hospital Association and two affiliated debtors (dba Beverly Hospital together “Beverly Hospital” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, lead case No. 23-12359 (Judge Sandra R. Klein). The Debtors, operators of a "not-for-profit, leading and independent 202-bed…

April 19, 2023 – In furtherance of one path in what is a nuanced “dual path” sale process, the Court hearing the David’s Bridal cases issued an order: (i) approving bidding procedures in relation to a going concern sale of the substantially all of the Debtors’ assets, (ii) authorizing the Debtors to select one or…

April 18, 2023 – The Court hearing the Penta State cases has issued an order converting the Debtors Chapter 11 case into a case under Chapter 7 [Docket No. 159]. The order notes, “Pursuant to the process announced on the record during a hearing on [Friday] April 14, 2023, the Court notes that no notice…

[Just filed. Developing story.] April 18, 2023 – The Pill Club Pharmacy Holdings, LLC  and seven affiliated debtors (together “Pill Club*” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case No. 23-41090 (Judge Edward L. Morris). The San Mateo, CA-based Debtors, "a wellness…

April 17, 2023 – David's Bridal, LLC and five affiliated debtors (“David's Bridal” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case No. 23-13131 (Judge Christine M. Gravelle). The Debtors, "the nation's leading bridal and special occasion authority*," are represented by Michael D….

Wall Street Journal reports, Vice Media has hired an executive from turnaround specialist AlixPartners as its interim finance chief as the struggling media company looks for a buyer, according to people familiar with the matter. AlixPartners Director Mark Del Priore is taking over as interim CFO to fill a vacant role left by Bruce Dixon,…

Baytex Energy Corp. has announced that it plans to offer US$750 million aggregate principal amount of senior unsecured notes due 2030 in a private offering. The Notes will pay interest semi-annually in arrears, and the final terms will be determined at the time of pricing. The gross proceeds of the offering will be held in…