December 19, 2019 – The Court hearing the GUE Liquidation Companies (f/k/a FTD Companies, Inc.) case confirmed the Debtors’ First Amended Plan of Liquidation [Docket No. 1037]. On June 3, 2019, FTD Companies, Inc. (NASDAQ: FTD) and 14 affiliated Debtors (“FTD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in…
December 19, 2019 – The Court hearing the Arsenal Resources Development cases confirmed [Docket No. 216] the Debtors’ First Amended Joint Pre-Packaged Plan of Reorganization. On November 8, 2019, Arsenal Resources Development LLC and 16 affiliated Debtors (“ARD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of…
December 12, 2019 – The Court hearing the Promise Healthcare Group cases has extended (for a first, second, third, fourth, fifth time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including February 29, 2020 and April 29, 2020, respectively [Docket No….
December 18, 2019 – The Court hearing the Emerge Energy Services cases confirmed the Debtors’ Second Amended Joint Plan of Reorganization [Docket No. 721]. On December 5th, the Court had denied the confirmation of the Debtors’ Plan on the basis that the Plan's incorporation of implied consents to deliver binding third-party releases simply did not…
December 18, 2019 − High Ridge Brands Co. and 8 affiliated debtors ("High Ridge Brands" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12689. The Debtors, one of the largest independent branded personal care companies (holding rights, inter alia to Zest and…
December 17, 2019 – The Debtors notified the Court [Docket No. 889] that their Chapter 11 Plan had become effective as of December 17, 2019. The Court had previously confirmed the Debtors’ Plan on December 4, 2019 [Docket No. 868]. On May 10, 2019, Cloud Peak Energy and 27 affiliated Debtors (formerly, OTC:CLDP, “Cloud Peak”…
December 17, 2019 – The Court hearing the Fusion Connect cases issued an order confirming the Debtors’ Third Amended Joint Chapter 11 Plan [Docket No. 680]. On June 3, 2019, Fusion Connect, Inc. and 18 affiliated Debtors (“Fusion” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District…
December 16, 2019 − Clover Technologies Group, LLC (a/k/a 4L Holdings Corporation) and six affiliated Debtors (“Clover” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12680. The Debtors, the world’s largest collector and recycler of imaging supplies, are represented by Domenic E….
December 13, 2019 – As it had signalled at a December 9th sale hearing, the Debtor filed a motion seeking conversion of the Debtor's Chapter 11 case to a case under Chapter 7 [Docket No. 254]. For the Debtor, which was only able to generate $1.7mn in asset sale proceeds at a disappointing December 5th…
December 13, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ request for access to $4.5mn of final debtor-in-posession ("DIP") financing to be provided by GT Gettaxi Limited (“Gett” or the “DIP Lender,” organized in Cyprus, based in Israel and the Debtors' ultimate parent), arguing that (i) the funds…
