December 20, 2021 – The Court hearing the EHT US1 cases confirmed the Plan Proponents* Modified First Amended Joint Plan of Liquidation [Docket No. 1874]. * The Debtors, the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases (the “Committee”), and Bank of America, N.A. (the “Prepetition Agent”), in its capacities as administrative…
December 16, 2021 – In advance of their December 20th confirmation hearing, the Debtors have filed (i) a modified First Amended Plan which attaches a blackline showing changes to the version filed on November 1, 2021 [Docket No. 1851], (ii) a memorandum of law in support of Plan confirmation (the "Memorandum") [Docket No. 1840], (iii)…
December 15, 2021 – The Court hearing the MTPC cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including January 21, 2021 and April 22, 2022, respectively [Docket No. 925]. Absent the requested relief, the Plan filing and solicitation…
December 15, 2021 – The Court hearing the Brazos Electric Power Cooperative 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 March 28, 2022 and May 25, 2022, respectively [Docket No. 1393]. Absent the relief, the…
December 28, 2017 – Oak Point Partners acquired the remnant assets of the Checker Motors Corporation Bankruptcy Estate (Checker Motors) in December 2017. On January 16, 2009, Checker Motors filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Western District of Michigan, assigned Case No. 09-00358. Thereafter, the case was…
December 14, 2021 – In advance of their December 15th Disclosure Statement hearing, the Debtors have filed a (i) Modified Second Amended Plan of Reorganization (showing changes only) [Docket No. 322] and (ii) an addendum to their Second Amended Disclosure Statement [Docket No. 321]. As amended, the Plan now treats the disputed $62.2mn PanAm LOU…
December 14, 2021 – The Debtors’ filed a bidding procedures motion requesting Court approval of: (i) bidding procedures in respect of a sale of substantially all of the Debtors’ businesses, assets and equipment and certain of the Debtors’ accounts receivable (the "Sale" and “Acquired Assets,” respectively), (ii) bidder protections for stalking horse Texas Peaker Power…
December 13, 2021 – The Debtors have filed a motion seeking Court authority to enter into an up to $7.875bn debtor-in-possession (“DIP”) financing facility that would be funded as DIP financing during these cases and would automatically convert to an exit financing on the effective date. This $7.875bn "DIP-to-Exit" financing is comprised of (i) a…
December 13, 2021 – The Court hearing the Advantage Holdco cases confirmed the Debtors’ Second Amended Plan of Liquidation (filed in conjunction with their Official Committee of Unsecured Creditors, or the “Committee,” and together with the Debtors, the “Plan Proponents”) [Docket No. 1079]. The Debtors also filed an amended Plan Supplement [Docket No. 1076] which…
December 13, 2021 – The Court hearing the Grupo Aeroméxico, S.A.B. de C.V. cases has extended the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including December 30, 2021 and February 28, 2022, respectively [Docket No. 2307]. Absent the relief, the Plan filing and…
