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January 25, 2021  – The Debtors announced that they have reached a plan support agreement (the "PSA") with holders of over 70% of each of their senior unsecured notes and revolving credit facility loans. Further to the agreement, the senior unsecured notes would be equitized and over $2.1bn of debt eliminated. Both groups of stakeholders…

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January 19, 2021 – The Debtors filed a motion requesting Court authority (i) for a proposed sale of their Honolulu Property (purchase price $23.9mn) to Twenty Lake Management LLC, a Delaware limited liability company (the “Purchaser”) and (ii) to enter into a purchase agreement with the Purchaser [Docket No. 3379]. The sales contract as initially…

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January 15, 2021 – The National Rifle Association of America and one affiliated Debtor (the “NRA” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 21-30085. The Debtors, a not-for-profit, tax exempt organization with a "mission to uphold Second Amendment rights," are…

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January 12, 2021 – The Court hearing the Ample Hills Holdings cases issued an order dismissing the Debtors’ Chapter 11 Cases [Docket No. 482]. On March 15, 2020, Ample Hills Holdings, Inc. and 15 affiliated Debtors (“BSA” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the eastern District of…

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January 13, 2021 – Christopher & Banks Corporation and two affiliated Debtors (OTCQX: CBKC; “CB” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case number 21-10269. The Debtors, "a national specialty retailer featuring exclusively designed, privately-branded women’s apparel and accessories at a good…

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January 11, 2021 – Ferrellgas Partners, L.P. ("HoldCo") and one affiliated Debtor, Ferrellgas Partners Finance Corp. (“Partners Finance,” and together with HoldCo, the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10021. The Debtors (together with certain non-Debtors, collectively "Ferrellgas" or the "Enterprise"), are…

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January 7, 2021 – Further to the Court's September 25, 2020 bidding procedures order [Docket No. 693] and following successful mediation efforts overseen by Judge Isgur; the Debtors notified the Court that they have selected successful bidders for their Wendy's and Pizza Hut assets (together, the "WholeCo Assets"). Those bidders are (i) the stalking horse…

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January 5, 2021 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including April 26, 2021 and June 25, 2021, respectively [Docket No. 373]. Absent the requested relief, the Plan filing and solicitation periods are scheduled to…

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January 5, 2021 – Community Intervention Services, Inc. and three affiliated Debtors (“CIS” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Massachusetts, lead case number 21-40002. The Debtors, formed for the purpose of providing community based behavioral health services, are represented by Michael J. Goldberg of…

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January 4, 2021 – The Debtors 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 May 4, 2021 and June 30, 2021, respectively [Docket No. 594]. Absent the requested relief, the Plan filing and solicitation…