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March 6, 2020 – The Court hearing the EP Energy Corporation case confirmed the Debtors’ Fourth Amended Joint Chapter 11 Plan of Reorganization, clearing the way for the Debtors to exit bankruptcy in the coming weeks, minus $3.3bn of prepetition debt. Judge Martin Isgur brushed aside late-in-the-day objections from creditors who had argued that the…

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March 5, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ proposed debtor-in-possession (“DIP”) financing motion arguing, inter alia, that milestones in respect of the Debtors' intended sale to Zealand Pharma A/S (NASDAQ: ZEAL; "Zealand') are too aggressive, interest (18%) is too high, fees are excessive and that avoidance…

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March 4, 2020 – Citing the exposure of skilled nursing facilities, and their residents, to the COVID-19 virus, MidCap Financial Trust ("MidCap") has announced that it will no longer be providing exit financing to the reorganizing Debtors.  For the Debtors, who had their Plan confirmed in mid-December, this development throws plans to emerge shortly from…

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March , 2020 – CraftWorks Parent, LLC and 37 affiliated Debtors (“CraftWorks” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10475. The Debtors, the nation’s leading operator and franchisor of steakhouses and craft beer brewery restaurants, are represented by Domenic E. Paciti…

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September 10, 2019 – Oak Point Partners acquired the remnant assets of the CWC Creditors’ Liquidating Trust of CWC Liquidation Inc. f/k/a Coldwater Creek Inc., et al., Bankruptcy Estates (Coldwater Creek) in September 2019. On April 11, 2014, Coldwater Creek and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code…

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March 1, 2020 − Pioneer Energy Services Corp. and nine affiliated Debtors (until September 2019 delisting NYSE: PES; “Pioneer” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-31425. The Debtors, who provide land-based drilling services and production services in the United…

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February 24, 2020 − Privately-held Cosi, Inc. and six affiliated Debtors (“Cosi” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10417. The Debtors, a "fast-casual" restaurant famed for its "signature flat bread," are represented by Mark E Felger of Cozen O'Connor. Further…

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March 19, 2019 – Oak Point Partners acquired the remnant assets of the The Wet Seal, LLC and its affiliated debtors’ Bankruptcy Estates (Wet Seal) in March 2019. On February 2, 2017, Wet Seal and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court…

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February 17, 2020 − Hartshorne Holdings, LLC and three affiliated Debtors ("Hartshorne” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Kentucky, lead case number 20-40133. The Debtors, Western Kentucky miners of thermal coal, are represented by Edward M. King of Frost Brown Todd LLC. Further…