July 5, 2022 –  Voyager Digital Holdings, Inc. and two affiliated debtors (Toronto Stock Exchange (TSX); "Voyager" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York"*, lead case number 22-10943 (Judge TBA). The Debtors, who offer crypto-currency brokerage services, are represented by Joshua A….

June 28, 2022 – The Court hearing the Flexible Funding cases confirmed the Debtors’ Amended Plan of Liquidation, with the confirmation order subsequently issued on July 13th at Docket No. 435. The delay in the order reflects a late resolution of an objection filed by Medalist Partners Opportunity Master Fund II-A, L.P. ("Medalist") [Dkt. No….

July 5, 2022 – SAS AB and 13 affiliated Debtors ("SAS" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 22-10925 (Judge Michael E. Wiles). The Debtors, Scandinavia’s leading airline, are represented by Gary Holtzer of Weil, Gotshal & Manges LLP….

June 30, 2022 – Enjoy Technology, Inc. and two affiliated debtors (NASDAQ: ENJY; "Enjoy" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 22-10580 (Judge TBA). The Debtors, who "provide a revolutionary commerce-at-home experience for consumers through the Debtors’ network of mobile retail…

June 29, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order. The bidding procedures order would: (i) approve bidding procedures for the sale of substantially all of the Debtors' assets (the “Sale”), (ii) authorize the Debtors to enter into stalking horse arrangements with Corsicana Acquisition LLC…

June 23, 2022 – Further to the Court's May 6th bidding procedure order [Docket No. 136] and an auction held on June 22, 2022, the Debtor notified the Court that stalking horse Rockland Capital, LLC (“Rockland”) had been selected as the successful bidder ($144.75mn purchase price), with LS Power Equity Advisors, LLC (“LS Power”) chosen as…

June 22, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order. The bidding procedures order would: (i) approve proposed bidding procedures in respect of the sale of substantially all of the Debtors’ assets (the "Sale"), (ii) authorize the Debtors to enter into stalking horse arrangements with…

June 22, 2022 – The Debtors requested Court authority to (i) access $1.5mn in debtor-in-possession (“DIP”) financing ($500k interim) from prepetition lenders 37 Baking Holdings, LLC (recently formed to acquire the debt) and (ii) use cash collateral [Docket No. 15]. The DIP Term Sheet is attached as Exhibit B to the motion. On June 22,…

June 22, 2022 – The Debtors notified the Court that their Second Modified Prepackaged Plan of Reorganization had become effective as of June 22, 2022 [Docket No. 265]. The Court had previously confirmed the Debtors’ Plan on June 21, 2022 [Docket No. 260]. On May 8, 2022, Cypress Environmental Partners, L.P. and 18 affiliated debtors…

June 16, 2022 – The Debtor requested the Court authority to (i) access $5.0mn of priming new money debtor-in-possession (“DIP”) financing ($1.5mn interim) to be provided by Serene Investment Management, LLC ("Serene" or the “Lender”) and (ii) use cash collateral [Docket No. 20]. The DIP Term sheet is filed at Docket No. 20.1. Serene, a…