October 17, 2018 – The Court hearing the J & M Sales case (i) approved the results of an auction held by the Debtors on October 8, 2108 and (ii) authorized the Debtors’ asset purchase agreement with Pegasus Trucking, LLC (the “Buyer”) [Docket No. 670]. The order states, “On October 8, 2018, Debtors conducted the…

October 15, 2018 – The Court hearing the RMH Franchise Holdings case approved the Disclosure Statement related to the Company’s First Amended Joint Plan of Reorganization [Docket No. 648]. As previously reported [Docket No. 620], “The Plan implements a comprehensive restructuring of the Debtors through the issuance of the Plan Sponsor New Common Stock to…

October 9, 2018 – RMH Franchise Holdings filed a First Amended Joint Plan of Reorganization [Docket No. 618] and related Disclosure Statement [Docket No. 620]. The Disclosure Statement notes, ”The Plan implements a comprehensive restructuring of the Debtors through the issuance of the Plan Sponsor New Common Stock to the Plan Sponsor, which Plan Sponsor…

October 9, 2018 – CSH Winddown (f/k/a Color Spot Nurseries) filed a further amended Combined Plan of Liquidation & Disclosure Statement [Docket Nos. 410 and 411]. The Court documents explain, “Because the Plan is a liquidating plan, the ‘liquidation value’ in the hypothetical chapter 7 liquidation analysis for purposes of the ‘best interests’ test is…

October 16, 2018 – NRG REMA (“NRG REMA” or the “Company”) and 64 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 18-35808. In its Chapter 11 petition, the Company stated that it will seek joint administration with GenOn Energy, Inc. (“GenOn,” of…

October 18, 2018 – OHI Asset RO and certain affiliates (the “Omega Entities”) filed an objection [Docket No. 1095] to the interim fee request of DLA Piper (US) as set forth in the fifth monthly application for allowance of compensation for services rendered and for reimbursement of expenses as counsel [Docket No. 1025]. The objection…

October 18, 2018 – The Court hearing the Sears Holdings case approved the Debtors’ motion to file commercially sensitive portions of a fee letter relating to its DIP ABL Financing Facility under seal.  [Docket No. 177]. As previously reported [Docket No. 57], “The Fee Letter contains confidential commercial information concerning the commercial contract terms between…

October 18, 2018 – Westmoreland Coal Company (the “WLB Debtors”) requested Court authority to (a) enter into and perform under the stalking horse purchase agreement entered into with an entity formed on behalf of the WLB Debtors’ prepetition secured creditors (the “Stalking Horse Purchase Agreement”) and (ii) adopt bidding procedures with respect to the sale…

October 18, 2018 – The Court hearing the Ezra Holdings Limited case issued an order confirming the Debtors’ Modified First Amended Chapter 11 Plan [Docket No. 504]. As previously reported [Docket No. 461], “The objectives of the Plan are: To expeditiously and fairly address and treat Allowed Claims in accordance with the Bankruptcy Code and…