July 1, 2019 – The Debtors notified the Court that their Amended Prepackaged Joint Plan had become effective as of July 1, 2019 [Docket No. 284]. Previously, on June 18, 2019, the Court approved the Debtors' Disclosure Statement and confirmed their Plan [Docket No. 251]. On April 22, 2019, Fuse, LLC and eight affiliated Debtors…
June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-33676. The Debtors, one of the largest multinational oilfield service companies, are represented by Timothy A. Davidson II…
July 1, 2019 − Blackjewel L.L.C. and four affiliated Debtors ("Blackjewel" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of West Virginia, lead case number 19-30289. Blackjewel, a miner and processor of metallurgical, thermal and other specialty and industrial coals, is represented by Joe M. Supple…
June 30, 2019 − Monitronics International, Inc. and eight affiliated Debtors (“Monitronics” or the “Debtors”), filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-33650. The Company, which does business under the Brinks Home Security brand, provides residential customers and commercial client accounts with monitored…
June 28, 2019 – The Debtors notified the Court hearing the Orchids Paper Products Company cases that (i) Cascades US Holding Inc. ("Cascades" or the “Purchaser”) had been designated as the successful bidder for Debtors' assets, with a $207.0mn cash bid, and (ii) Orchids Investment LLC (“OI,” an acquisition vehicle formed by the Debtors' prepetition,…
June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") disclosed in a June 28, 2019 SEC filing that they intend to file Chapter 11 Petitions with the Southern District of Texas on Monday, July 1st. The SEC filing follows the Debtors' May 10, 2019 announcement of…
June 26, 2019 – Just hours before a scheduled 2pm auction, the Debtor designated a further qualified bidder in respect of the sale of its assets; a last minute development to which stalking horse Angelo, Gordon Energy Servicer, LLC ("AG") vigorously objected [Docket No. 380], arguing that the new bid included assets not otherwise included…
June 25, 2019 – The Court hearing the Imerys Talc America case has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including September 11, 2019 and November 12, 2019, respectively [Docket No. 744]. Absent the requested relief, the Plan filing…
June 24, 2019 − Privately-held HDR Holding, Inc. and one affiliated Debtor (trading as Schramm Inc., "HDR Holding" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11396. The Debtors, a Pennsylvania manufacturer and global supplier to the hydraulic drill industry, are represented…
June 24, 2019 − Joerns WoundCo Holdings, Inc. and 12 affiliated Debtors (trading as Joerns Healthcare, “WoundCo” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11401. WoundCo, a manufacturer and distributor of medical equipment, is represented by Jeffrey M. Schlerf of Fox…
