December 21, 2020 – The Court hearing the Cred Inc. cases issued an order approving (i) proposed bidding procedure for the sale of assets and (ii) a proposed auction/sale timetable culminating in a January 18, 2021 auction and a February 3, 2021 sale hearing. [Docket No. 270]. The order notes: "If the Debtors have not…

December 4, 2020 – Further to their "prearranged" Plan of Reorganization and restructuring support agreement, the Debtors have now filed the proposed terms of an exit facility [Exhibit A to Docket No. 202] under which the Debtors may request to borrow the lesser of $25.0mn or the remaining unfunded commitments and may request incremental financing…

December 21, 2020 – The Court hearing the Pacific Drilling SA cases issued an order confirming the Debtors' First Amended Plan of Reorganization [Docket No. 266]. On October 30, 2020, Pacific Drilling S.A. and 18* affiliated Debtors (NYSE: PACD; “Pacific” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the…

December 21, 2020 – The Court hearing the MUJI U.S.A. case confirmed the Debtor's Amended Plan of Reorganization [Docket No. 277]. On July 10, 2020, MUJI U.S.A. Limited (“Muji” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-11805. The Debtor, a minimalist…

December 21, 2020 – PBS Brand Co., LLC and 12 affiliated Debtors (dba Punch Bowl Social, “PBS Brand” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-13157. The Debtors, Glendale, Colorado-based owners and operators of restaurants, are represented by Jeffrey R. Waxman…

December 18, 2020 – The Debtors filed their First Amended Plan and Disclosure Statement, including blacklines of each showing changes to the versions filed on November 6, 2020 [Docket No. 749] On the same day, the Debtors further filed a revised proposed Disclosure Statement Order, which shows changes from the original proposed order made to…