February 18, 2022 – Further to a January 28th bidding procedures order [Docket No. 90] and a February 18th sale hearing, the Court hearing the BH Cosmetics cases issued an order approving the $4.3mn sale of a majority of the Debtors’ intellectual property and inventory to RBI Acquisition Holdings, LLC (the “Purchaser”) [Docket No. 182]….
February 18, 2022 – The Court hearing the Semper Utilities case dismissed the Debtor’s Chapter 11 case [Docket No. 29] holding that the Debtor did not have the corporate authority to file for bankruptcy, but otherwise declining to weigh in on the underlying battle for control of the Debtor; a matter in respect of which…
February 16, 2022 – As directed by the Court at a January 28th hearing, the Debtor has now filed an amended Plan of Liquidation and a related Disclosure Statement [Docket No. 377 and 378, respectively, which do not attach blacklines]. At that January 28th hearing, at which the Debtors had hoped to win approval of…
February 16, 2022 – The Court hearing the Corp Group Banking cases has extended (for a second time) the periods during which the Debtors* have an exclusive right to file a Plan and solicit acceptances thereof, through and including April 25, 2022, or seven days following the conclusion of the hearing on confirmation of theDebtors’…
February 14, 2022 – Parties* claiming to be the legitimate owners of Debtor Semper Utilities, LLC (a Philapdelphia-based company servicing electric powerlines) filed a motion to dismiss the Debtor's Chapter 11 case, arguing that the Debtor (and its founder Sotero “Mike” Diaz) "did not have corporate authority to commence the Chapter 11 petition” [Docket No….
February 11, 2022 – Semper Utilities, LLC (“Semper” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, case number 22-11128 (Judge Andrew B. Altenburg Jr.). The Debtor, a Philadelphia headquarted company "offering a wide variety of powerline services," is represented by Jeffrey Kurtzman of Kurtzman…
February 4, 2022 – The Court hearing the Grupo Aeroméxico cases issued an order confirming the Debtors’ Fourth Revised Plan of Reorganization [Docket No. 2668]. Also on February 4th, the Debtors filed (i) their Fourth Revised Plan of Reorganization and a related blackline showing changes to the version filed on December 10, 2021 [Docket No….
February 2, 2022 – The Court hearing the Debtors' cases has rejected a request of creditor FitzWalter Capital Partners (Financial Trading) Limited (“FWCP”) to dismiss the Debtors' cases [Docket No. 97]. FWCP, which describes itself as the Security Agent and authorized representative for the Debtors' only secured lenders, had argued that the Debtors' lacked any…
January 2, 2022 – The Debtors filed a motion to dismiss their Chapter 11 cases, noting that “there are no remaining assets of any value available for distributions to unsecured creditors or to support the administrative costs of pursuing anything other than the prompt exit from bankruptcy” [Docket No. 841]. The dismissal motion notes, “The…
February 1, 2022 – The Court hearing the Vewd Software USA cases confirmed the Debtors’ Second Amended Prepackaged Plan of Reorganization [Docket No. 130]. On January 31st, the Court agreed to confirm the Debtors' Plan subject to modifications; with the Debtors subsequently making those changes and filing the now confirmed iteration of the Plan on…
