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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…

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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…

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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…

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[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…

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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….

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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…

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April 13, 2023 – As flagged by an April 12th press release, PLx Pharma Inc. and one affiliated debtors (NASDAQ: PLXP; together “PLx” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10456 (Judge Mary F. Walrath). The Debtors, "a commercial-stage drug delivery…

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April 11, 2023 – National CineMedia, LLC (“NCM LLC” or the “Debtor*”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case No. 23-90291 (Judge David R Jones). The Debtor, "the largest cinema advertising network in the U.S.," is represented by John F. Higgins of Porter Hedges LLC….

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April 10, 2023 – Back-up bidder Pearsanta, Inc. ("Pearsanta") has filed an objection to the results of the Debtors' April 6th auction, arguing that the Debtors' choice of Pfizer, Inc. ("Pfizer") as the successful bidder, notwithstanding what Pearsant argues was a lower Pfizer bid, is indicative of a bias for Pfizer that has been clear…