March 24, 2021 – The Debtors filed a Third Amended Plan of Reorganization and a related Disclosure Statement [Docket Nos. 1115 and 1117, respectively]; and separately filed blacklines showing minor changes to the version filed on March 23, 2021 [Docket Nos. 1116 and 1118].  On March 23rd, the Debtors filed a Second Amended Plan of…

March 24, 2021 – The Court hearing the Le Tote cases confirmed the Debtors’ Second Amended Joint Chapter 11 Plan [Docket No. 1092]. On August 2, 2020, Le Tote, Inc. and four affiliated Debtors (“Le Tote” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia,…

March 16, 2021 – The U.S. Trustee assigned to the Debtor's cases and the Debtor's Official Committee of Unsecured Creditors (the “Committee”) have each objected to the Debtor's proposed key employee incentive plan (the "KEIP") arguing that it is "a disguised retention plan" [Docket Nos. 332 and 334, respectively] and urging the Court to reject…

March 16, 2021 – The Court hearing the PBS Brand Co cases issued an order approving the sale of substantially all of the Debtors’ assets to prepetition and debtor-in-possession (“DIP”) lender CrowdOut Capital, LLC (“CrowdOut” or the “Stalking Horse Bidder”) [Docket No. 409]. The asset purchase agreement governing the terms of the $32.4mn sale has…

March 15, 2021 – Griddy Energy LLC (“Griddy” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 21-30923 (Judge Isgur). The Debtor, a provided of retail electric service to homes and businesses in Houston and various other locations in Texas, is represented…

March 14, 2021 – HighPoint Resources Corporation and two affiliated Debtors (NYSE: HPR; “HighPoint” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10565 (Judge Sontchi). The Debtors, a Denver, Colorado based company focused on the development of oil and natural gas assets…

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,…