August 5, 2019 –  iPic-Gold Class Entertainment, LLC and five affiliated Debtors (“iPic” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-1739. The Debtors, which offer "casual dining in a luxury theater auditorium environment " at 16 locations in 9 states, are…

August 1, 2019 – The Debtors have announced the results of a pair of auctions held on July 31, 2019 in respect of (i) their florist and consumer businesses which have been sold to stalking horse Gateway Mercury Holdings, LLC ("Gateway," an affiliate of Nexus Capital) for $110.9mn and (ii) their Gourmet Foods business (including…

August 1, 2019 – The Court hearing the Weatherford International cases issued a final order authorizing the Debtors to (i) access a further $250.0mn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 253].  In aggregate, the debtors now have access to $1.75bn in DIP financing consisting of (i) a first lien superpriority…

July 31, 2019 – The Court hearing the Waypoint Leasing Holdings cases issued an order confirming the Debtors’ Chapter 11 Plan of Liquidation [Docket No. 893].  On November 25, 2018, Waypoint Leasing Holdings Ltd. and approximately 140 affiliated Debtors (collectively, “Waypoint” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in…

July 30, 2019− THG Holdings LLC and six affiliated Debtors (“THG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11689. The Debtors, one of the largest independent providers of laboratory management and diagnostic services in the United States, are represented by Derek…

July 25, 2019 – The Debtor filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 312]. The bidding procedures order would (i) approve bidding procedures for the sale of the Debtor's Western Mines and the Pax Mines (the "Sale"), (ii) approve Contura Energy, Inc. as a stalking horse…

July 23, 2019 – Accepting an invitation by the Court to file an alternative Plan, a group of subrogation claim holders (the “Ad Hoc Subrogation Group”) filed a term sheet in respect of an alternative Plan; and, in order to file that Plan, filed a motion to "immediately" terminate the Debtors’ exclusive Plan filing and…

 October 18, 2018 – Oak Point Partners acquired the remnant assets of the US Flow Corporation f/k/a Piping Supply Holdings, Inc., et al., Bankruptcy Estates in October 2018. On August 12, 2003, US Flow and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court…