November 6, 2020 – The Debtors filed the first iterations of their Chapter 11 Plan of Reorganization and Disclosure Statement which set out "a dual path whereby the Debtors will either reorganize via a consensual transaction that would provide for the Debtors to emerge from these chapter 11 proceedings under new ownership by the Prepetition…

StoneMor Oregon LLC, StoneMor Oregon Subsidiary LLC and StoneMor Washington, Inc., wholly-owned indirect subsidiaries of StoneMor Inc. (the Company) announced that they have entered into an Asset Sale Agreement with Clearstone Memorial Partners, LLC to sell substantially all of the Company’s assets in Oregon and Washington, consisting of nine cemeteries, ten funeral establishments and four…

November 6, 2020 – The Debtors filed a bidding procedures motion seeking Court approval of (i) bidding procedures, including bidder protections for any selected stalking horse (the Debtors do not suggest one is on the horizon), and (ii) a proposed auction/sale timetable culminating in a January 19, 2021 auction (if necessary) and a January 21,…

November 9, 2020 – The Court hearing the YogaWorks cases issued an order authorizing the Debtors to (i) access the $2.35mn balance of a $3.35mn debtor-in-possession (“DIP”) financing facility being provided by prepetition lender Serene Investment Management, LLC (“Serene”, or the “DIP Lender”) and (ii) continue using cash collateral [Docket No. 133].  In an October…

November 9, 2020 – Further to the Court's August 21st bidding procedure order [Docket No. 259] and an oft-delayed auction process completed on November 8th, the Debtors have selected Ameredev Texas, LLC as the "Successful Bidder" (with a $46.6mn bid) for substantially all of their assets and designated Tap Rock Resources II, LLC ($15.1mn purchase…