December 9, 2020 – Further to modifications agreed at a December 3rd Plan confirmation hearing, the Debtors filed a revised Second Amended Prepackaged Plan and a related redline showing changes from the version filed on December 2nd [Docket Nos. 416 and 417, respectively]. The amendments relate to the implementation and mechanics of the Liquidating Trust…

December 9, 2020 – The Debtors requested each of a bidding procedures order and a sale order [Docket No. 44]. The bidding procedures order would (i) approve bidding procedures, including bidder protections for any selected stalking horse, in respect of a sale(s) of the Debtors Millennium Assets (the “Sale”) and (ii) approve a proposed auction/sale…

December 9, 2020 – The Court hearing the Tonopah Solar Energy cases confirmed the Debtor's Amended Chapter 11 Plan [Docket No. 291]. On July 30, Tonopah Solar Energy, LLC (“Tonopah” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 20-11884. At filing, the Debtor,…

December 8, 2020 – Further to a November 10th bidding procedures order [Docket No. 141] and the conclusion of a December 7th auction [Docket No. 200], the Debtors designated MEP Capital Management, LLC and affiliates of GoDigital Media Group, Inc. (winning bid $9.6mn) as the Successful Bidder for their sale of Assets, with GuruNanda, LLC…

December 8, 2020 – The Court hearing the White Stallion Energy cases issued an interim debtor-in-possession ("DIP") financing order authorizing the Debtors to (i) access $3.0mn of new money DIP financing, (ii) roll-up of $8.6mn of the Debtors' prepetition term loan facility (the "Prepetition Term Loan Facility) and (iii) use cash collateral [Docket No. 69]….

December 8, 2020 – The Court hearing the Ascena Retail Group cases issued an order approving the $540.0mn private sale of the Debtors' remaining businesses, comprised of the Lane Bryant brand and the Premium business segment (the latter including Ann Taylor, LOFT, and Lou & Grey brands) to Premium Apparel LLC (the “Buyer”), an affiliate…