April 23, 2021 – The Court hearing the China Fishery Group Limited cases issued an order approving (i) proposed bidding procedure for the sale of substantially all of Debtor CFG Peru Singapore’s equity interests in CFGI (the “CFGI Equity Interests” and the “Sale,” respectively) and (ii) an auction/sale timetable culminating in a May 7, 2021…

April 22, 2021 – The Court hearing the AeroCentury cases issued an order (i) approving bidding procedures, including bidder protections, in respect of the Debtors’ proposed sale of substantially all of their assets, (ii) authorizing the Debtors to enter into a stalking horse asset purchase agreement (the “APA”) with Drake Asset Management Jersey Limited (“Drake”…

April 21, 2021 – In advance of their scheduled April 21st Disclosure Statement hearing, the Debtors filed a Fourth Amended Joint Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 4077 and 4081, respectively]; and separately filed a redline of showing changes to the versions filed on April 15, 2021 [Docket No….

April 21, 2021 – The Court hearing the Carla’s Pasta cases issued a bench ruling approving the $27.5mn sale of the Debtors' assets to CP Foods LLC and NFP Real Estate LLC (affiliates of stalking horse Tribe 9 Foods (“Tribe 9” or the “Stalking Horse”)) [Docket No. 454]. The Court's bench ruling makes significant amendments…

April 19, 2021 – The Debtor filed a Third Amended Chapter 11 Plan of Liquidation and a related Disclosure Statement [with Plan attached to the Disclosure Statement at Docket No. 518]; and separately filed redlines showing changes to the versions filed on March 11, 2021 [Docket No. 519]. The amended Plan now treats Priority Tax…

April 19 , 2021 – Connections Community Support Programs, Inc. (“CCSP” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 21-10723. The Debtor, a Delaware-based not-for-profit providing a "comprehensive array of health care, housing, and employment opportunities," is represented by Mark L. Desgrosseilliers of…

April 16, 2021 – The Debtors filed a Third Modified Second Amended Joint Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 3954 and 3963, respectively], and separately filed a redline of each showing changes to the version filed on April 15, 2021 [Docket Nos. 3955 and. 3964, respectively].  The revised documents…

April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898, respectively].  On April 15th, the Debtors filed a Second Modified Second Revised Disclosure Statement and a related redline showing changes…

April 14, 2021 – The Debtors filed a motion to extend (for a third time) the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including September 2, 2021 and November 2, 2021, respectively [Docket No. 1534]. Absent the requested relief, the exclusive periods are scheduled…

April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898, respectively].  Most notable amongst changes in this latest iteration of the Plan is the proposed recovery for general unsecureds in…