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December 31, 2020 – The Debtors notified the Court that their Second Amended Plan of Liquidation had become effective as of December 31, 2020 [Docket No. 742]. The Court had previously confirmed the Debtors’ Plan on December 10, 2020 [Docket No. 690]. On July 13, 2020, RTW Retailwinds, Inc. and 11 affiliated Debtors (formerly NYSE:…

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December 31, 2020 – The Debtors notified the Court that their Second Amended Plan of Liquidation had become effective as of December 31, 2020 [Docket No. 723]. The Court had previously confirmed the Debtors’ Plan on December 16, 2020 [Docket No. 712]. On November 18, 2019, Approach Resources Inc. and six affiliated Debtors (NASDAQ Global…

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December 31, 2020 – The Court hearing the Debtors’ cases issued an order confirming the Debtors' Modified First Amended Plan of Reorganization [Docket No. 1069]. The Court confirmed the Plan on December 14, 2020 [Docket No. 1029].  As detailed further below, the confirmation order approves a $3.75mn settlement with prepetition majority shareholder SCR-Sibelco NV ("Sibelco")…

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December 30, 2020 – The Court hearing the Debtors’ cases issued an order approving (i) the adequacy of the Debtors' Disclosure Statement on a final basis and (ii) confirming the Debtors' Plan of Liquidation [Docket No. 575].  On August 3, 2020, Benevis Corp. and four affiliated Debtors (“Benevis” or the “Debtors”) filed for Chapter 11…

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December 30, 2020 – The Debtors notified the Court that their Second Amended Plan had become effective as of December 30, 2020 [Docket No. 1528]. The Court had previously confirmed the Debtors’ Plan on December 15, 2020 [Docket No. 1495]. On June 24, 2020, CEC Entertainment, Inc. and 15 affiliated Debtors (“CEC” or the “Debtors”)…

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December 29, 2020 – The Debtors filed their Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 370 and 371, respectively], and further filed a motion requesting Court approval of (i) the Disclosure Statement, (ii) proposed Plan solicitation and voting procedures and (iii) a proposed timetable culminating in a Plan confirmation hearing…

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December 29, 2020 – Further to objections from the U.S. Trustee assigned to the Debtors' cases and Lion Capital Americas, Inc. ("Lion Capital") and after discussions with the IRS over a potential tax liability relating to the Debtors' sale of their assets to Taiwanese fishing giant FCF Co., Ltd. ("FCF"), the Debtors have filed a…

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December 29, 2020 – The Debtors filed a motion requesting that the Court hearing their Chapter 11 cases enforce its Plan confirmation order, specifically provisions within that order relating to their now terminated $587.5mn sale to CSGP Holdings, LLC (the “Stalking Horse Bidder,” an affiliate of publicly traded commercial real estate information company CoStar Group,…