November 2, 2021 – The Court hearing the LATAM Airlines Group S.A. cases has extended (for a fifth time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including November 26, 2021 and January 26, 2022, respectively [Docket No. 3485]. Absent the…

November 2, 2021 – The Court hearing the Avianca Holdings S.A. cases confirmed the Debtors’ further Modified Third Amended Plan [Docket No. 2300]. On May 10, 2020, Avianca Holdings S.A. and 38 affiliated Debtors (NYSE: AVH; “Avianca” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of…

June 29, 2010 – Oak Point Partners acquired the remnant assets of the GT Brands Holdings LLC, et al., Bankruptcy Estates in June 2010. On July 11, 2005, GT Brands Holdings LLC and its related entities (“GT Brands”) filed a chapter 11 petition in the United States Bankruptcy Court for the Southern District of New…

October 31, 2021 – GTT Communications, Inc. and nine affiliated debtors (“GTT” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 21-11880 (Judge TBD). The Debtors, a Mclean, Virginia-based provider of network connectivity and internet services to over 14,000 customers in…

October 27, 2021 – The Debtor filed a motion to extend (for a second time) the periods during which they 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. 1258]. Absent the requested relief, the Plan filing and solicitation…

October 27, 2021 – The Debtor filed a motion to extend (for a second time) the periods during which they 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. 1258]. Absent the requested relief, the Plan filing and solicitation…

October 26, 2021 – The Court hearing the Seadrill Limited cases issued an order confirming the Debtors’ Second Amended Chapter 11 Plan of Reorganization [Docket No. 1158]. On February 10, 2021, Seadrill Limited and 85 affiliated Debtors (OSE: SDRL,OTCQX:SDRLF; “Seadrill” or the “Debtors”) filed for Chapter 11 protection noting estimated assets of $7.291bn and estimated…

October 26, 2021 – Freshly detached from the Greensill Capital Inc. Chapter 11 case and now owned by White Oak Global Advisors, LLC (“White Oak”), Finacity Corporation ("Finacity") teamed up with German Banking giant DZ Bank in a 2.5-year, $150 million trade receivables securitization for the Greenwich, CT Nitron Group ("Nitron"). The newly arranged facility…

October 22, 2021 – The Debtors filed a motion to induce dismiss their Chapter 11 cases, arguing that “there are insufficient funds available to confirm a plan of liquidation” although they do anticipate that "approximately $3.9 million [will be available] for distribution to their creditors" [Docket No. 1142]. The Debtors, who are now into the third…

October 21, 2021 – Further to the completion of an asset sale process, the Court hearing the Paper Store cases issued an order approving the Debtors' request for a "structured dismissal" of their Chapter 11 cases [Docket No. 564]. On July 14, 2020, the Paper Store, LLC and one affiliated Debtor (“TPS” or the “Debtors”)…