December 31, 2020 – The Debtors filed their Plan of Liquidation and related Disclosure Statement [Docket Nos. 2001 and 2002, respectively]. The filing of the Plan and Disclosure Statement comes approximately 18 months after the Debtors filed for Chapter 11 on June 30, 2019. According to an exclusivity extension motion filed on October 21, 2020…
December 31, 2020 – The Debtors filed a Combined Plan of Liquidation and Disclosure Statement [Docket No. 301] and separately requested a Court order that would (i) conditionally approve the adequacy of the Disclosure Statement, (ii) approve Plan solicitation and voting procedures and (iii) approve a proposed timetable culminating in a March 8, 2021 combined…
January 1, 2021 – The Debtors filed a Plan of Reorganization and related Disclosure Statement [Docket Nos. 722 and 723, respectively]. They further filed a motion requesting Court approval of (i) the adequacy of the Disclosure Statement (ii) proposed Plan solicitation and voting procedures and (iii) a proposed timeline that would culminate in a March…
December 30, 2020 – The Debtors filed their Third Amended Plan of Reorganization, with technical modifications representing changes to the solicitation version filed on November 23, 2020 [Docket No. 1403]. The Debtors’ Plan confirmation hearing, initially scheduled for January 14, 2021, has been adjourned and is now scheduled for February 25, 2021 [Docket No. 1405]….
December 18, 2020 – The Debtor notified the Court that its Amended Chapter 11 Plan had become effective as of December 18, 2020 [Docket No. 302]. The Court had previously confirmed the Debtor’s Plan on December 9, 2020 [Docket No. 291]. On July 30, Tonopah Solar Energy, LLC (“Tonopah” or the “Debtor”) filed for Chapter…
December 30, 2020 – The Debtors’ filed their third amended Plan of Reorganization and related Disclosure Statement with an attached redline for each document showing changes to the versions filed on December 15, 2020 [Docket Nos. 878 and 879, respectively]. On the same day, the Court issued an order approving (i) the adequacy of the…
December 31, 2020 – The Court hearing the Unipharma cases issued an order (i) authorizing the Debtors to enter into an asset purchase agreement with stalking horse NHTV (AIV) ULM BIDCO LLC (the “Stalking Horse Bidder” with a $20.0mn credit bid), (ii) approving proposed bidding procedure for a sale of the Debtors' assets and (iii)…
December 31, 2020 – The Court hearing the Unipharma cases issued a final order authorizing the Debtors to (i) access the $11.5mn balance of a $15.6mn debtor-in-possession (“DIP”) financing facility being provided by prepetition senior secured lender NHTV ULM Holdings (the “Lender,” also serving as a credit bidding stalking horse) and (ii) continue using cash…
December 31, 2020 – The Court hearing the Debtors’ cases issued an order confirming the Debtors' Modified First Amended Plan of Reorganization [Docket No. 286 as amended at Docket No. 287]. The Court confirmed the Plan on December 21, 2020 [Docket No. 266]. On October 30, 2020, Pacific Drilling S.A. and 18* affiliated Debtors (formerly…
December 31, 2020 – The Debtors notified the Court that their Revised Second Amended Plan of Reorganization had become effective as of December 31, 2020 [Docket No. 1938]. The Court had previously confirmed the Debtors’ Plan on December 23, 2020 [Docket No. 1913]. On May 27, 2020, Tuesday Morning Corporation and six affiliated Debtors (formerly…
