September 10, 2020 – Century 21 Department Stores LLC and ten affiliated Debtors (“Century 21” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 20-12097. The Debtors, a New York City-based discount retailer with 14 East coast stores, are represented by…

September 9, 2020 – At a 17-minute hearing, counsel for the Debtors (Joshua Sussberg of Kirkland & Ellis) addressed “breaking stories” as to his client and outlined terms agreed amongst the Debtors; prepetition lenders; and purchasers Simon Property Group ("Simon") and Brookfield Property Group ("Brookfield") that would push efforts to save J.C. Penney “into the…

March 19, 2013 – Oak Point Partners acquired the remnant assets of the PLVTZ, Inc. aka Levitz Furniture Bankruptcy Estate in February 2013. On November 8, 2007, PLVTZ, Inc. aka Levitz Furniture and its related entities (“Levitz Furniture”) filed a chapter 11 petition in the United States Bankruptcy Court for the Southern District of New…

September 2, 2020 – The Court hearing the Denbury Resources cases confirmed the Debtors’ Plan of Reorganization [Docket No. 273]. Also on September 2nd, the Debtors filed a technically modified Plan which attached a redline showing changes to the version filed the day previously [Docket No. 268]. On July 30, 2020, Denbury Resources Inc. and…

September 2, 2020 – Ursa Piceance Holdings LLC and three affiliated Debtors (“Ursa” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-12065. The Debtors, a Colorado-based E&P backed by energy-focused, private equity house Denham Capital, are represented by Edmon L. Morton of…

September 1, 2020 – FM Coal, LLC and five affiliated Debtors (“FM Coal” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Alabama, lead case number 20-02783. The Debtors, Alabama-based surface coal miners, are represented by Jesse S. Vogtle Jr. of Waller Lansden Dortch & Davis,…

September 1, 2020 – The Debtors filed their First Amended Plan of Liquidation and a related Disclosure Statement [Docket No. 2952 and 2953, respectively]; and further filed a blackline showing changes to each document as filed on July 1st [Docket No. 2954]. The amended Plan now embodies a global settlement (the "Global Settlement") which "provides…

August 27, 2020 – The Court hearing the EP Energy Corporation cases has confirmed the Debtors Modified Fifth Amended Plan. The Court has yet to issue a confirmation order but a proposed Plan confirmation order was filed by the Debtors on August 27th [Docket No. 1409].   On October 3, 2019, publicly-traded, EP Energy Corporation…

August 27, 2020 – The (former) Debtors notified the Court that their Second Amended Plan had become effective as of August 27, 2020 [Docket No. 293]. The Plan had previously been confirmed on August 6th [Docket No. 274]. On June 14, 2020, Skillsoft Corporation and 15 affiliated Debtors (“Skillsoft” or the “Debtors”) filed for Chapter…

August 27, 2020 – SAExploration Holdings, Inc. and four affiliated Debtors (OTC Pink: SAEX; “SAE” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-34306 (Judge Isgur). The Debtors, a Houston-based oilfield services company, are represented by John F. Higgins of Porter…