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October 20, 2020 – The Debtors have filed a Plan of Reorganization and a related Disclosure Statement [Docket Nos. 1591 and 1593, respectively]; with the filings made possible following the progression of a September 10, 2020 letter of intent (amongst the Debtors and the parties who have agreed to buy the Debtors' operating and real…

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October 19, 2020 – The Debtors have filed an asset purchase agreement (“APA”) memorializing the terms of a proposed $96.4mn sale to Acme Markets, Inc., ("Acme" or the “Buyer”) [Docket No. 281]. The October 19th APA governing the terms of the sale is attached to the notice as Exhibit A and includes a blackline comparing…

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October 12, 2020 – Mallinckrodt plc and 63 affiliated Debtors (NYSE: MNK; “Mallinckrodt” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-12522. The Debtors, a global specialty pharmaceutical company that produces and sells generic and branded medical and pharmaceutical products, are represented…

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October 8, 2020 – The Debtors filed two sets of Plan documents, their Second and Third Amended Plans of Reorganization and related Disclosure Statements, with each attaching redlines from the previous version [Docket Nos. 812, 813, 816 and 817]. The Third Amended Plan is lightly amended and the accompanying Disclosure Statement is amended only in…

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October 6, 2020 – The Court hearing the Garrett Motion cases issued an order authorizing the Debtors to (i) access $100.0mn of a $250.0mn debtor-in-possession (“DIP”) financing facility on an interim basis and (ii) use cash collateral [Docket No. 169]. The $150.0mn balance of the DIP facility, being provided by prepetition lenders, will be made…

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[Just filed. Developing Story] October 7, 2020 – Privately-held RTI Holding Company, LLC and 50 affiliated Debtors (dba Ruby Tuesday; “RTI” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-12456. The Debtors, owners and franchisors of the Ruby Tuesday brand restaurants, are…

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October 5, 2020 – AVIC International USA, Inc. (fka CATIC USA, Inc., “AVIC USA” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, lead case number 20-19043. The Debtor, an indirect subsidiary of Aviation Industry of China ("AVIC") and engaged in the development of U.S….

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October 5, 2020 – 1069 Restaurant Group, LLC (dba Golden Corral) and eight affiliated Debtors (“1069 RG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, lead case number 20-05582. The Debtors, the largest franchisee of Golden Corral all-you-can-eat restaurants (33 in Florida and Georgia),…

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September 30, 2020 – Oasis Petroleum Inc. and eight affiliated Debtors (NASDAQ: OAS; “Oasis Petroleum” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-34771. The Debtors, an independent exploration and production company focused on assets in the Williston and Delaware Basins,…

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September 25, 2020 – The Debtors notified the Court that their Third Amended Joint Plan of Reorganization had gone effective as of September 25, 2020. The Court had previously confirmed the Plan on September 4th [Docket No. 1795].  On May 7, 2020, Neiman Marcus Group LTD LLC and 23 affiliated Debtors (“Neiman Marcus” or the…