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December 17, 2020 – The Court overseeing the FIC Restaurants, Inc. cases confirmed the Debtors' Second Amended Combined Plan of Liquidation and approved the adequacy of the accompanying Disclosure Statement on a final basis [Docket No. 278]. On October 30, 2020, FIC Restaurants, Inc. and four affiliated Debtors (dba Friendly's; “Friendlys” or the “Debtors”) filed…

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December 17, 2020 – The Debtors filed their Third Amended Plan and related Disclosure Statement [Docket Nos. 427 and 428, respectively]. They separately filed a redline of each showing changes to the versions filed on December 15, 2020 [Docket Nos. 429 and 430, respectively]. Also on December 17, 2020, the Court issued an order approving…

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December 17, 2020 – The Debtors filed a Memorandum in Support of Confirmation of their Second Amended Plan that responds to an outstanding objection raised by Black Diamond and asks the Court to overrule the objection [Docket No. 1143]. The Debtors put specific emphasis on rebutting one of a list of concerns that Black Diamond…

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December 16, 2020 – In anticipation of their scheduled December 17th Plan confirmation hearing, the Debtors filed an amended prepackaged Plan of Reorganization and a related redline showing changes to version filed on November 21, 2020 [Docket Nos. 282 and 286, respectively]. Also filed were (i) revised Plan voting results [Docket No. 272], (ii) the…

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December 15, 2020 – The Debtors’ filed their second amended Chapter 11 Plan of Reorganization and a related Disclosure Statement, showing changes to the versions filed on December 11, 2020 [Docket Nos. 815 and 816, respectively]. Substantially all of the amendments in the revised Plan documents relate to ongoing disputes between the Debtors (advocating positions…

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On December 16, 2020, S&P Global Ratings assigned its CCC+ issue-level rating to Dish Network Corporation's proposed $2 billion unsecured convertible notes. These notes do not have any subsidiary guarantees from entities that hold wireless spectrum assets or the pay-TV entities. Further, the ratings agency estimates that the pay-TV asset value is fully absorbed by…

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In-Shape Health Clubs, LLC – Seeks Approval of Biding Procedures for ($45.3mn Credit Bid) Assets Sale to In-Shape Acquisition; January 13th Hearing   December 16, 2020 – The Debtors filed a motion requesting each of a bidding procedures order and a sales order [Docket No. 18]. The requested bidding procedures order would (i) approve bidder…