/

February 5, 2023 –  Independent Pet Partners Holdings, LLC and 12 affiliate debtors (“IPP“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-10153 (Judge Laurie Selber Silverstein). The Debtors,  Woodbury, Minnesota-based operators of 159 premium pet food storesstores across 12 states and…

/

February 2, 2023 – The Court hearing the Quanergy Systems case issued an order approving a $3.15mn (increased by $1.25mn from an initial $1.9mn bid) sale of substantially all of the Debtor’s assets to ROLISI, LLC ("ROLISI*" or the “Buyer”) [Docket No. 193, with the February 1, 2023 ROLISI, LLC asset purchase agreement (the “APA”)…

/

January 31, 2023 – The Debtors requested Court authority to: (i) access $70.0mn of new money in replacement debtor-in-possession (“DIP”) financing, (the “Replacement DIP Facility”) including $35.0mn on interim basis, to be provided by B. Riley Commercial Capital, LLC (“B. Riley” or the “Replacement DIP Lender”), (ii) repay its existing DIP Lenders and (iii) use…

/

January 31, 2023 – The Court hearing the BSPV-Plano case has extended (for a fourth…and last time) the periods during which the Debtor has an exclusive right to file a Plan and solicit acceptances thereof, through and including December 31, 2022 (this date obviously now behind us but reflects the fact that the Debtor filed…

/

January 29, 2023 –  Privately held Nova Wildcat Shur-Line Holdings, Inc. and five affiliate debtors (dbe H2 Brands Group Home & Hardware;  “H2 Brands Group*" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-10114 (Judge TBA). The Cranbury, NJ based Debtors, wholesalers…

/

January 29, 2023 –  Privately held Cleveland Integrity Services, Inc.and one affiliate debtor (“CIS“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 23-90052 (Judge Christopher M. Lopez). The Cleveland, Oklahoma based Debtors*, who offer "a complete range of services to assist…

/

January 26, 2023 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ ability to draw down the $22.5mn balance* of a $75.0mn debtor-in-possession (“DIP”) financing facilty being provided by certain prepetition secured lenders [Docket No. 363], arguing that, “the Debtors do not require any additional financing beyond the $37.5 million…

/

January 25, 2023 – The Debtors filed a motion to extend (for a second time) the periods during which they have an exclusive right to file a Chapter 11 Plan and solicit acceptances thereof, through and including March 31, 2023 and June 30, 2023, respectively [Docket No. 1940]. Absent the requested relief, the Plan filing…

/

January 24, 2023 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) and the Official Committee of Opioid Claimants (the “OCC,” and with the Committee, the "Official Committees") have filed a motion [Docket No. 1243] that would grant "the Official Committees derivative standing to commence and prosecute certain claims on behalf of the Debtors’…

/

January 25, 2023 – The Debtors’ Officials Committee of Unsecured Creditors (the “Committee”) objected to the adequacy of the Debtors' Disclosure Statement, arguing that it fails to adequately inform creditors in respect of what is otherwise an unconfirmable Plan, admonishing the Debtors with words that may (or may not be) Moliere's: “Unreasonable haste is the…