February 9, 2021 – In a continuing offensive against the Debtors' proposed Plan, the Debtors' Official Committee of Equity Securities Holders (the “Equity Committee”) objected to the Debtors’ Disclosure Statement and, in a related objection, to the Debtors' request for authority to enter into a plan support agreement (the "PSA") and an equity backstop agreement,…

February 4, 2021 – The Debtors filed a motion requesting Court approval of (i) the adequacy of their Disclosure Statement, (ii) proposed Plan solicitation and voting procedures and (iii) a proposed timetable culminating in an April 15, 2021 Plan confirmation hearing [Docket No. 94]. On January 25th, the Debtors filed a Plan of Reorganization and…

February 3, 2021 – Frontera Holdings LLC and five affiliated Debtors (“Frontera” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 21-30354. The Debtors, operators of a 526 MW combined cycle natural gas plant near Mission, Texas that exports energy to Mexico,…

February 2, 2021 – The Court hearing the Christopher & Banks cases issued an order approving (i) bidding procedures in relation to the sale of substantially all of the Debtors’ assets (the “Sale”), including bidder protections for stalking horse ALCC, LLC (the "Stalking Horse," an affiliate of ReStore Capital, LLC, the Debtors' prepetition term lender),…

[Just filed. Developing story.] February 1, 2021 – Easterday Ranches, Inc. (“Easterday” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Washington, lead case number 21-00141. The Debtor, "a family-owned and operated farming business" based in Pasco, Washington, is represented by Thomas A Buford of Bush…

January 31, 2021 – Knotel, Inc. and more than 200 affiliated Debtors (“Knotel” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10146. The Debtors, a New York City-based flexible workspace provider in 20 global markets, are represented by Robert J. Dehney of…

January 28, 2021 – The Debtors filed solicitation versions of their Ninth Amended Plan of Reorganization and related Disclosure Statement [Docket Nos. 2864 and 2866, respectively]. On January 27, the Court approved (i) the adequacy of the Debtors’ Disclosure Statement, (ii) Plan solicitation and voting procedures and (iii) a timetable culminating in a Plan confirmation…

January 28, 2021 – The Debtor filed a motion to extend the period during which they have an exclusive right to file solicit acceptances in respect of their already filed Plan, through and including April 27, 2021 [Docket No. 367]. Absent the requested relief, the Plan solicitation period is scheduled to expire on February 26,…

January 28, 2021 – The Court hearing the LATAM Airlines Group S.A. cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including June 30, 2021 and August 23, 2021, respectively [Docket No. 1760]. Absent the requested relief, the Plan…

January 28, 2021 – The Debtors’ filed their modified Third Amended Plan of Reorganization with an attached redline showing changes to the version filed on December 30, 2020 [Docket No. 988]. The Debtors had filed what appears to be an identical Plan (except for changes as to the filing date, shifting from January 27th to…