Bankrupt Companies in the News | BankruptCompanyNews.com

Vice Group Holding Inc. – Global Multi-Platform Media Company Files for Bankruptcy with $834.0mn of Funded Debt; Fortress Investment Group, Soros Fund Management and Monroe Capital Set to Play Stalking Horse Role ($225mn Credit Bid)

New Generation Research/May 15, 2023

May 15, 2023 – Vice Group Holding Inc. and 31 affiliated debtors (together “Vice Media” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case No. 23-10738 (Judge TBD). The Debtors, "a global multi-platform media company," are represented by Albert Togut of Togut,…

Monitronics International Inc – Brinks Home Opeartor Files for Bankruptcy for Second Time in Under Four Years; Will Look to Shed a Further $500mn of Debt with Holders of Takeback Debt in 2019 Bankruptcy Set to Own Company at End of June Emergence

New Generation Research/May 15, 2023May 16, 2023

May 14, 2023 – Monitronics International Inc and nine affiliated debtors (dba "Brinks Home," together “Monitronics” or the “Debtors”) filed for Chapter 11 protection (on a "partially prepackaged" basis) with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90332 (Judge TBD). The Dallas-Fort Worth based Debtors, "one of the largest home…

Venator Materials PLC – Global Chemicals Manufacturer Files Prepackaged Chapter 11 with $1.42bn of Debt; RSA has 90+% Support from Key Prepetition Lending Groups; Debtors Line Up $275.0mn New Money DIP

New Generation Research/May 15, 2023May 17, 2023

May 14, 2023 – Venator Materials PLC and 23 affiliated debtors (NYSE: VNTR; together, “Venator” or the “Debtors”) filed for Chapter 11 protection (on a "prepackaged*" basis) with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-10520 (Judge David R Jones). The Debtors, "a global manufacturer and marketer of [paint-related]…

Kidde-Fenwal, Inc. – Industrial Fire Detection and Suppression Company Owned by Carrier Files for Bankruptcy, Debtor to Use Bankruptcy to Resolve Legacy Foam Product Liability and Pursue Going Concern Sale After Carrier Determines That It Has Had Enough

New Generation Research/May 14, 2023

[Just filed. Developing story.] May 14, 2023 – Kidde-Fenwal, Inc. (“KFI” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10638 (Judge TBD). The Ashland, Massachussetts based Debtor*, "an industrial fire detection and suppression company that operates two commercial business lines, Kidde Fire…

Athenex, Inc. – Buffalo, NY Biopharmaceutical Files for Bankruptcy with @$230mn of Debt Citing FDA Setback and Challenging Biopharmaceutical Markets; Will Pursue Expedited Sale Process

New Generation Research/May 14, 2023May 25, 2023

[Just filed. Developing story.] May 14, 2023 – Athenex, Inc. and five affiliated debtors (NASDAQ: ATNX*, together “Athenex” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90295 (Judge David R Jones). The Debtors, "a global biopharmaceutical company dedicated to the discovery,…

Bighorn Restaurants, LLC – Operator of 108 Hardee’s Restaurants Seeks Approval of Bidding Procedures and Stalking Horse Arrangements ($11.7mn Bid) with ARC Burger, Aims for July 14th Auction and July 21st Sale Hearing; Applebee’s/Dine Brands in the Mix?

New Generation Research/May 12, 2023

May 11, 2023 – The Debtors filed a bidding procedures motion [Docket No. 92] seeking: (i) approval of bidding procedures in relation to the sale of the substantially all of the Debtors’ assets, (ii) authority to offer any selected stalking horse bidder protections and (iii) approval of a proposed auction/sale timetable culminating in an auction…

HyreCar, Inc. – Designates Peer-to-Peer Car Rental Specialist Getaround, Inc. as Successful Bidder for Debtor’s Assets, with Stalking Horse Holmes Motors Pushed into Back-Up Bidder Role

New Generation Research/May 10, 2023May 11, 2023

May 9, 2023 – Further to a March 17th bidding procedures order [Docket No. 140] and an auction concluded on May 8th, the Debtor designaged, Getaround, Inc.* (“Getaround”) as the successful bidder in respect of the sale of substantially all of the Debtor’s assets, with DIP lender and stalking horse Holmes Motors, Inc. (“Holmes Motors” or…

Vyera Pharmaceuticals, LLC – Biopharmaceutical Infamous for Martin Shkreli’s Illegal Cornering of Daraprim Market Files for Bankruptcy, Will Pursue Prepetition Asset Sale Efforts and Look to Sell Debtor Developing “Promising Orphan Drug” ORL-101

New Generation Research/May 10, 2023May 16, 2023

May 9, 2023 – Vyera Pharmaceuticals, LLC and five affiliated debtors (together, "Vyera*" or the “Debtors”) filed for Chapter 11 protection (subchapter V) with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10605 (Judge TBD). The Debtors, "a biopharmaceutical company committed to developing and commercializing treatments that address serious and rare…

The Pill Club Pharmacy Holdings, LLC – Seeks Approval of Bidding Procedures and Stalking Horse Arrangements with Affiliate of “Leading Virtual Health” Specialist Thirty Madison (Which Recently Acquired Online Female Health Specialist Nurx)

New Generation Research/May 8, 2023

May 5, 2023 – The Debtors filed a bidding procedures motion [Docket No. 119] which requests (i) approval of bidding procedures in relation to the sale of certain of the Debtors’ assets (namely customer lists and IP), (ii) authority to enter into stalking horse arrangements with Pepper Park LLC* (the “Buyer”), (iii) authority to offer…

Tru Grit Fitness LLC – Fitness Equipment Provider Pumped Up (and Then Flattened) by the Pandemic Emerges from Bankruptcy May 1st Owned by Prepetition Lender EFP Funding Solutions (Controlled by Hunter Street)