January 13, 2020 – The Debtors filed their Fourth Amended Joint Chapter 11 Plan, a related Disclosure Statement, and redlines of each of those documents showing changes to versions filed on January 8, 2020 [Docket Nos. 674, 675 and 677, respectively] and then did it all over again later in the day [Docket Nos. 685,…
January 9, 2020 – The Court hearing the Diocese of Rochester case has extended the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including April 9, 2020 and June 8, 2020, respectively [Docket No. 355]. Absent the requested relief, the Plan filing…
January 9, 2019 – FTI Consulting, Inc. (NYSE: FCN) has promoted 11 members of its Corporate Finance & Restructuring team to Senior Managing Director. The new Senior Managing Directors include Anton Chernuousenko and Abhinav Trehan in London; Heath Gray and Rick Jordon in New York; Leonardo Florencio in São Paulo; Christopher Lee in San Francisco;…
January 8, 2020 – Further to a January 6th Disclosure Statement hearing, the Debtors have filed a Third Amended Joint Chapter 11 Plan, a related Disclosure Statement, and redlines of each of those documents showing changes to versions filed on January 2, 2020 [Docket Nos. 638, 639 and 640, respectively]. On the same day, the…
January 7, 2020 – The Debtors notified the Court [Docket No. 226] that their First Amended Joint Pre-Packaged Plan of Reorganization had become effective as of January 7, 2020. The Court had previously approved the Debtors’ Plan on December 19, 2019 [Docket No. 216]. On November 8, 2019, Arsenal Resources Development LLC and 16 affiliated…
January 6, 2020 − Paddock Enterprises, LLC (“Paddock” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10028. The Debtor, a wholly-owned subsidiary of O-I Glass, Inc. ("O-I Glass"), the world’s largest manufacturer of glass container products, is represented by Michael J. Merchant…
January 5, 2020 − Privately held Borden Dairy Company and 17 affiliated Debtors (“Borden” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10010. The Debtors, a leading American milk processor and distributor founded in 1856, are represented by M. Blake Cleary of…
BOSTON, Mass. (December 24, 2019) – As we write, US stock markets have just closed for the shortened Christmas Eve session. A banner year is coming to an end for the three major indices. Posterity may well look back on this departing decade with fond nostalgia. The overall trend in bankruptcy filings fits the narrative of…
December 23, 2019 – The Debtors notified the Court [Docket No. 733] that their Second Amended Plan of Reorganization had become effective as of December 20, 2019. The Court had previously approved the Debtors’ Plan on December 18, 2019 [Docket No. 721]. The Debtors also filed a Plan supplement listing contracts to be assumed [Docket…
December 19, 2019 – The Court hearing the Bumble Bee Foods cases issued an order approving (i) bidding procedures in respect of the sale of substantially all of the Debtors’ U.S. and Canadian Assets (the "Sale"), (ii) the Debtors' asset purchase agreement (the "Stalking Horse APA") with Tonos US LLC, as U.S. Buyer, Tonos 1…
