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…

March 1, 2021 – Brazos Electric Power Cooperative, Inc. (“Brazos” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 21-30725 (Judge Jones). The Debtor, the largest power generation and transmission cooperative in Texas (and sixth largest transmission provider overall), is represented by Jason…

February 25, 2021 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of February 24, 2021 [Docket No. 1163]. The Court had previously confirmed the Debtors’ Plan, as modified on February 17, 2021 [Docket No. 1144]. On October 7, 2020, privately-held RTI Holding Company, LLC and 50…

February 24, 2021 – The Court hearing the Belk Inc. cases issued an order approving the Debtors' Prepackaged Chapter 11 Plan of Reorganization [Docket No. 61]; with the Debtors quickly filing a notice of effectiveness in respect of this one-day prepack. Also filed were (i) two Plan Supplements attaching more than 1,500 pages of exit…

February 23, 2021 – The Debtors filed a revised Disclosure Statement with an attached redline showing changes to the version filed on November 24, 2020 [Docket No. 817]. On February 24th, the Court hearing the Gulfport Energy Corporation cases issued an order approving the Debtors’ (i) Disclosure Statement, (ii) proposed Plan solicitation and voting procedures…

February 23, 2021 – Belk Inc. and 17 affiliated Debtors (“Belk” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 21-30630. The Debtors, retailers with 291 stores across 16 southeastern states, are represented by Jackson Walker LLP. Further board-authorized engagements include (i)…