December 28, 2020 – The Debtors notified the Court that their Modified Prepackaged Chapter 11 Plan of Reorganization had become effective as of December 24, 2020 [Docket No. 267]. The Court had previously confirmed the Debtors’ Plan on December 14, 2020 [Docket No. 241]. On October 12, 2020, MD America Energy, LLC and five affiliated…

December 23, 2020 – The Debtors filed a pair of motions seeking approval of (i) a proposed key employee retention program (the “KERP”) that would cover (42) KERP Participants at a maximum aggregate cost of $259k and (ii) a proposed key employee incentive program (the “KEIP”) that would cover (5) KEIP Participants at a maximum…

December 23, 2020 – The Debtor filed a second motion seeking an order extending the periods during which it has an exclusive right to file a Plan and solicit acceptances thereof, through and including February 28, 2021 and May 1, 2021, respectively [Docket No. 630]. Absent the requested relief, the Plan filing and solicitation periods…

December 23, 2020 – The Debtors filed with the Court a motion to extend the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including February 26, 2021 and April 27, 2021, respectively [Docket No. 557]. Absent the requested relief, the Plan filing period is scheduled…

December 23, 2020 – The Debtors filed with the Court 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 8, 2021 and June 7, 2021, respectively [Docket No. 384]. Absent the requested relief, the Plan filing and solicitation periods…

December 27, 2020 – The Debtors filed their Fourth Amended Plan with an attached redline showing changes to the version filed on December 13, 2020 [Docket No. 2630]. The amended Plan adds details about the proposed distribution for Holders of Convenience Claims, which, specifically, will be a Pro Rata share of $10,000,000, with the Pro…

December 24, 2020 – The Debtors filed their Plan of Liquidation and related Disclosure Statement [Docket Nos. 844 and 845]. The Plan filing comes nearly four months after the Debtors closed the $325.0mn sale of their assets to SPARC Group LLC. An exclusivity extension granted on November 18, 2020 [Docket No. 744] indicated that the…

December 23, 2020 – Further to its November 10th bidding procedures order [Docket No. 141] and the auction concluded on December 7th, the Court hearing the YogaWorks cases issued an order approving a $7.3mn sale of assets to The YW Company (“the Buyer”) [Docket No. 240]. The APA is attached to the order as Exhibit…

December 23, 2020 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order Sale [Docket No. 114]. The bidding procedures order would (i) approve bidding procedures for the sale of substantially all the Debtors’ Wyoming Real Property Assets (the “Sale”) and (ii) establish an auction/sale timetable culminating with…