January 7, 2019 – SRE Holding Corporation (“SRE”), a subsidiary of Sears Holdings Corporation and until now a non-Debtor affiliate sitting outside of the Debtors’ bankruptcy process, filed a Chapter 11 petition with the Southern District of New York. It is expected that SRE’s case will be consolidated with those of the other Sears Debtors. …
January 9, 2019 – The United States government failed again in its attempts to stay bankruptcy proceedings, this time over a January 10 hearing for iHeartMedia’s plan of reorganization. The US government has filed motions to pause proceedings in several bankruptcy cases since the beginning of the year, with lawyers at the Department of…
January 8, 2019 – TMI Trust Company (“TMI”), in its capacity as trustee for the Debtors’ 11% Senior PIK Toggle Notes due April 30, 2022 (the “PIK Notes”), filed an objection [Docket No. 283] to the Debtors’ Disclosure Statement [Docket No. 278]. Cowen and Company, LLC joined TMI in its objection [Docket No. 284]. TMI…
January 8, 2019 – The Court hearing the iHeartMedia case issued an order denying [Docket No. 2378] the United States’ motion [Docket No. 2373] for a stay of the January 10 Plan confirmation hearing until appropriations have been restored to the Department of Justice. The United States’ motion [Docket No. 2373] requested, “Although the United…
January 7, 2019 – The Debtors notified [Docket No. 216] the Court hearing the Waypoint Leasing case that pursuant to procedures established in the Court’s bidding procedures order (specifically the lack of further qualifying bids) [Docket No. 159], the auction scheduled for January 8, 2019 had been cancelled. The notice further notes that the only…
January 7, 2018 – The Debtors filed a supplement [Docket No. 1045] in respect of their First Amended Joint Plan of Reorganization filed on November 14, 2018 [Docket No. 867]. The supplement attached the following documents: Exhibit A: New Reorganized Holdings Organizational Documents Exhibit B: Management Incentive Plan Exhibit C: New Secured Facility Documents…
December 31, 2018 – The Debtors filed a Prepackaged Chapter 11 Plan of Reorganization and related Disclosure Statement [Docket Nos. 4 and 5] and requested a combined hearing for approval of the Plan and Disclosure Statement for February 18, 2109 [Docket No. 6]. The Disclosure Statement notes, “The primary objectives of the Plan are…
January 4 , 2019 – Plus-size retailer FULLBEAUTY Brands (FULLBEAUTY or the “Debtors”) has published a Joint Prepackaged Chapter 11 Plan and related Disclosure Statement in advance of filing a Chapter 11 Petition later this month. On January 3, 2019, the retailer announced a pre-packaged restructuring agreed amongst the Debtors and the Debtors’ major stakeholders,…
October 2018 – Oak Point Partners acquired the remnant assets of the Phoenix Brands Liquidating Trust (Phoenix Brands) in October 2018. On May 19, 2016, Phoenix Brands and its affiliates filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, jointly administered under…
March 31, 2011 – Oak Point Partners acquired the remnant assets of the Acclaim Entertainment, Inc. Bankruptcy Estate in March 2011. On September 1, 2004, Acclaim Entertainment, Inc. and its related entities (“Acclaim Entertainment”) filed a chapter 7 petition in the United States Bankruptcy Court for the Eastern District of New York, assigned Case No….
