March 8, 2021 – Medley LLC (“Medley” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 20-10526  The Debtor, an alternative asset management firm "offering yield solutions to retail and institutional investors," is represented by Eric J Monzo of Morris James LLP. Further board-authorized…

March 4, 2021 – Further to the Court’s February 8th bidding procedure order [Docket No. 280] and absent the receipt of any other qualified bids, the Debtors canceled the auction scheduled for March 8, 2021 and designated prepetition and debtor-in-possession (“DIP”) lender CrowdOut Capital, LLC (“CrowdOut” or the “Stalking Horse Bidder”) as the successful bidder…

March 3, 2021 – The Court hearing the CiCi’s Holdings, Inc. cases issued an order confirming the Joint Prepackaged Plan of Reorganization [Docket No. [200]. On January 26, 2021, privately held CiCi’s Holdings, Inc. and eight affiliated Debtors (d/b/a cicis pizza; “CiCi’s” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court…

March 3, 2021 – Alamo Drafthouse Cinemas Holdings, LLC and 33 affiliated Debtors (“Alamo Drafthouse” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10474. The Debtors, an Austin, Texas-based "dine-in" cinema chain with 41 locations across the United States, are represented by…

March 2, 2021 – The Court hearing the Knotel cases issued a final order authorizing the Debtors to (i) access a further $5.4mn of new money, debtor-in-possession (“DIP”) financing, (ii) roll up $5.4mn of prepetition loans (the “Final DIP Roll-Up Loans”) and (iii) continue using cash collateral [Docket No. 330]. The new money DIP financing,…

March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10461. The Florida-based Debtors, with non-debtors, operators of 140 skilled nursing facilities across six states, are represented by…

March 2, 2021 – The Court hearing the Hertz Corporation cases issued an order approving the sale of Debtor Donlen Corporation and its Debtor subsidiaries (collectively, “Donlen Corp.” or the “Donlen Assets”) to stalking horse bidder Freedom Acquirer LLC (the “Stalking Horse Bidder,” an affiliate of Apollo Insurance Solutions Group LLC (formerly Athene Asset Management…

March 2, 2021 – Further to the agreement of Knighthead Capital Management, LLC and its affiliates ("Knighthead") and Certares Opportunities LLC and its affiliates ("Certares") to serve as Plan sponsors (emerging from a field of three serious contenders), the Debtors have filed a Plan of Reorganization and a related Disclosure Statement. The adequacy of the…

March 1, 2021 – Paper Source, Inc and one affiliated debtor (“Paper Source” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case number 21-30660. The Debtors, a Chicago-based "premier lifestyle brand and gift retailer," are represented by Christopher A. Jones of Whiteford, Taylor…

March 1, 2021 – MobiTV, Inc. and one affiliated debtor (“MobiTV” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10457 (Judge not yet assigned). The Debtors, who provide end-to-end internet protocol streaming television services (“IPTV”), are represented by Mary Calloway of Pachulski…