November 10, 2020 – Further to a September 25th bidding procedures order [Docket No. 206] and the cancellation of a scheduled October 29th auction [Docket No. 387], the Court hearing the Shiloh Industries cases issued an order approving the $218.0mn sale of the Debtors' assets to Grouper Holdings, LLC ("Grouper," an affiliate of MiddleGround Capital)…

November 12, 2020 – The Debtors have filed a flurry of Plan documents in advance of their November 13th Plan confirmation hearing which include, inter alia, (i) their memorandum of law in support of Plan confirmation (the "Memorandum") [Docket No. 1203], (ii) a proposed Plan confirmation order [Docket No. 1204], (iii) a Fourth Amended Plan…

November 12, 2020 – Further to an October 21st bidding procedure order [Docket No. 986] and a lengthy November 9th auction [Docket No. 1105], the Court hearing the Ascena Retail Group cases issued an order approving sale of Debtors’ Justice Assets ($71.0mn purchase price) to stalking horse Justice Brand Holdings LLC, an entity formed by…

November 12, 2020 – The Court hearing the K.G. Im, LLC cases issued an order authorizing the Debtors to (i) access the $2.1mn balance of a $3.1mn debtor-in-possession (“DIP”) facility and (ii) continue using cash collateral [Docket No. 304] In an earlier October 23rd order, the Court had authorized access to $1.0mn of the DIP…

November 12, 2020 – The Court hearing the NORPAC Foods cases confirmed the Debtors' Second Amended Joint Plan of Liquidation (the Plan was filed in conjunction with the Debtors’ Official Committee of Unsecured Creditors’ (the “Committee,” and together with the Debtors, the "Plan Proponents")) [Docket No. 1057]. On August 22, 2019, NORPAC Foods, Inc. and…

November 12, 2020 – The Court hearing the Lonestar Resources US cases confirmed the Debtors’ Joint Prepackaged Plan of Reorganization [Docket No. 219]. On September 30, 2020, Lonestar Resources US, Inc. and 21 affiliated Debtors (NASDAQ: LONE; “Lonestar” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District…