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February 14, 2023 – The Court hearing the PWM Property Management cases has extended (for a fourth time) the periods during which the 181 West Madison Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including (in respect of both periods) February 28, 2023 [Docket No. 1226]….

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February 8, 2023 – Nielsen & Bainbridge, LLC and 13 affiliated debtors (dba NBG Home*, “NBG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90071 (Judge TBD). The Austin, Texas-based Debtors, "a leading global designer, manufacturer and marketer of affordable home…

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February 14, 2023 – Tuesday Morning Corporation and six affiliated Debtors (“Tuesday Morning” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 23-90001 (Judge Edward L. Morris). The Debtors, an off-price retailer specializing in products for the home (487 stores in 40…

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February 8, 2023 – Nielsen & Bainbridge, LLC and 13 affiliated debtors (dba NBG Home*, “NBG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90071 (Judge TBD). The Austin, Texas-based Debtors, "a leading global designer, manufacturer and marketer of affordable home…

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February 6, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 40]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the Debtors’ 66 Kriser’s and Chuck and Don’s stores (the "Go Forward Stores" and "the “Sale,” respectively),…

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February 5, 2023 – The Debtors filed a motion requesting Court authority to: (i) assume a January 24, 2023 consultancy agreement with Houlihan Lokey Capital, Inc. ("Houlihan Lokey"), (ii) conduct store closing sales in respect of 93 stores operating under the Natural Pawz and Loyal Companion banners (thereby reducing the Debtors' pawprint from 13 to…

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February 6, 2023 – Privately held Delphi Behavioral Health Group, LLC and 32 affiliate debtors (“Delphi Health Group“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Florida, lead case number 23-10945 (Judge Peter D. Russin). The Fort Lauderdale based Debtors, who operate a “wide range…

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February 5, 2023 –  Independent Pet Partners Holdings, LLC and 12 affiliate debtors (“IPP“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-10153 (Judge Laurie Selber Silverstein). The Debtors,  Woodbury, Minnesota-based operators of 159 premium pet food storesstores across 12 states and…

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February 2, 2023 – The Court hearing the Quanergy Systems case issued an order approving a $3.15mn (increased by $1.25mn from an initial $1.9mn bid) sale of substantially all of the Debtor’s assets to ROLISI, LLC ("ROLISI*" or the “Buyer”) [Docket No. 193, with the February 1, 2023 ROLISI, LLC asset purchase agreement (the “APA”)…

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January 31, 2023 – The Debtors requested Court authority to: (i) access $70.0mn of new money in replacement debtor-in-possession (“DIP”) financing, (the “Replacement DIP Facility”) including $35.0mn on interim basis, to be provided by B. Riley Commercial Capital, LLC (“B. Riley” or the “Replacement DIP Lender”), (ii) repay its existing DIP Lenders and (iii) use…