March 3, 2022 – The Debtors filed a Second Amended Plan of Reorganization and a related Disclosure Statement [Docket Nos. 473 and 474, respectively] withe each attaching a redline showing changes to the versions filed on February 4, 2022. The Limerick, Ireland based Debtors own the world’s largest fleet of regional aircraft and filed for…

March 2, 2022 – The Court hearing the Teligent cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including May 12, 2022 and July 11, 2022, respectively [Docket No. 535]. Absent the requested relief, the Plan filing and solicitation…

February 23, 2022 – The Chapter 11 Trustee appointed to the Debtors' cases notified the Court that Permico Founders, LLC (the “Purchaser," an affiliate of Texas midstream assets specialist Permico Energia) had been designated as the successful bidder ($3.7mn bid) in a sale of substantially all of the Debtors' assets [Docket No. 388]. The Purchaser's…

February 23, 2022 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including June 23, 2022 and August 22, 2022, respectively [Docket No. 130]. Absent the requested relief, the Plan filing and solicitation periods were…

February 25, 2022 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Plan, and solicit acceptances thereof, through and including June 28, 2022 and August 27, 2022, respectively [Docket No. 483]. Absent the requested relief, the Plan filing and solicitation periods are scheduled to…

February 23, 2022 – Day two of the hearing on the Debtors' motion to reduce a $1.9bn bill received based on the decisions of grid operator the Electric Reliability Council of Texas ("Ercot") in the wake of Winter Storm Uri featured testimony from since-terminated Ercot chief executive officer Bill Magness regarding the decision making that…

February 18, 2022 – Further to a January 28th bidding procedures order [Docket No. 90] and a February 18th sale hearing, the Court hearing the BH Cosmetics cases issued an order approving the $4.3mn sale of a majority of the Debtors’ intellectual property and inventory to RBI Acquisition Holdings, LLC (the “Purchaser”) [Docket No. 182]….

February 18, 2022 – The Court hearing the Semper Utilities case dismissed the Debtor’s Chapter 11 case [Docket No. 29] holding that the Debtor did not have the corporate authority to file for bankruptcy, but otherwise declining to weigh in on the underlying battle for control of the Debtor; a matter in respect of which…

February 16, 2022 – As directed by the Court at a January 28th hearing, the Debtor has now filed an amended Plan of Liquidation and a related Disclosure Statement [Docket No. 377 and 378, respectively, which do not attach blacklines].  At that January 28th hearing, at which the Debtors had hoped to win approval of…

February 16, 2022 – The Court hearing the Corp Group Banking cases has extended (for a second time) the periods during which the Debtors* have an exclusive right to file a Plan and solicit acceptances thereof, through and including April 25, 2022, or seven days following the conclusion of the hearing on confirmation of theDebtors’…