[Just filed. Developing story.] August 11, 2023 – Condor Inversiones SpA and two affiliated debtors (together, the “Inversiones Debtors” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90761 (Judge David R. Jones). The Debtors, holding companies for Chilean wind and solar…

August 10, 2023 – The Court hearing the SAS AB cases has extended (for a third time) the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including November 8, 2023 and January 8, 2024, respectively [Docket No. 1335]. Absent the requested relief, the Plan…

[Just filed. Developing story.] August 9, 2023 – Amyris, Inc. and seven affiliated debtors (Nasdaq: AMRS; together “Amyris” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-11131 (Judge TBA). The Debtors, "a leading synthetic biotechnology company accelerating the world's transition to sustainable…

August 8, 2023 – Following the receipt of a post-auction bid for their "Digital Assets" (see description of Digital Health Business below), the Debtors have thrown a wrench into what appeared to be a small, straightforward sale by naming latecomer Surgical Theater, Inc. (“Surgical Theater,” $1.5mn bid*) as their new successful bidder. That decision drew…

August 6, 2023 – Yellow Corporation and 23 affiliated Debtors (Nasdaq: YELL; “Yellow” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-11069 (Judge TBD). The Debtors, "a leading trucking and logistics company, boasting one of the largest less-than-truckload ('LTL') networks in North…

July 31, 2023 – AeroCision Parent, LLC and two affiliates debtors (together “Aerocision” or the “Debtors”) filed for Chapter 11 protection (on a prepackaged basis) with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-11032 (Judge Karen B. Owens). The Chester, Connecticut-based Debtors*, "a leading supplier of complex engine components and…

July 24, 2023 – The Debtor requested Court authority to access $12.8mn of debtor-in-possession (“DIP”) financing to be provided by the California Statewide Community Development Authority (the “CSCDA”*) through program administrator, White Oak Global Advisors, LLC** [Docket No. 87, with the Assessment Contract at Exhibit 2 of Docket No. 88]. *The California Statewide Communities Development…

July 25, 2023 – Surge Transportation, Inc. (“Surge” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, lead case No. 23-01712 (Judge Jacob A Brown). The Debtor, a specialist trucking/freight broker, is represented by Bradley R. Markey of Thames Markey.  The Debtor specializes in sourcing…

July 21, 2023 – The Debtors filed a Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 1429 and 1437, respectively] and further requested a Court order approving: (i) the adequacy of the Disclosure Statement (conditionally), (ii) proposed voting and solicitation procedures and (iii) a proposed timetable culminating in a September 7,…

July 21, 2023 – Further to a June 16th bidding procedures order [Docket No. 134] and an auction held on July 17th, the Debtors notified the Court that they had selected the "bid package submitted by Pantogran LLC in conjunction with SH Varsity Acquisition Sub, LLC, Your Life ABA VA, LLC, Proud Moments MSO, LLC, and Proud…