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April 25, 2023 – In advance of an April 26th bidding procedures hearing, the Debtor has filed a notice designating RockitCoin, LLC* as stalking horse (the “Stalking Horse,” $16.75mn opening cash bid) in respect of a proposed Section 363 sale process [Docket No. 473, with the Stalking Horse's term sheet attached at Exhibit]. The assets…

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April 25, 2023 – The Court hearing the Bed Bath & Beyond cases issued an order: (i) approving bidding procedures in relation to the sale of the substantially all or any portion of the Debtors’ assets, (ii) authorizing the Debtors to select one or more stalking horse bidders (none selected yet, with May 22nd set…

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April 21, 2023 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) has filed a pair of objections taking issue with numerous aspects of the Debtors’ proposed bidding procedures and debtor-in-possession ("DIP") financing [Docket Nos. 158 and 162, respectively]. In challenging the Debtors' proposed sale process, the Committee notes that: "certain important matters remain…

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April 23, 2023 – The Debtors filed a motion requesting Court authority to: (i) assume a pair of consultancy agreements with Hilco Merchant Resources, LLC (“Hilco” or the “Consultant”), (ii) conduct store closing sales in respect of 473 stores operating under the Bed Bath & Beyond (BBBY-US) and BuyBuyBaby (BABY-US) banners, (iii) implement store closing…

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April 23, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 29]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the substantially all or any portion of the Debtors’ assets (the “Sale”), (ii) authorize the Debtors to…

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April 23, 2023 – Bed Bath & Beyond Inc. and 73 affiliate debtors (Nasdaq: BBBY, “BBB“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case number 23-13359 (Judge TBA). The Debtors, “an omnichannel retailer with 949 stores and numerous websites,*” are represented by…

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April 20, 2023 – Further to the Court’s revised bidding procedures order of October 6th [Docket No. 1287] and an April 18th sale hearing, the Court hearing the MTPC cases issued an order approving the $9.1mn sale of Debtors' PCPT Hamlin assets (i.e., their Orlando, FL Proton Therapy Center) to New Independence Realty, LLC (the…

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April 20, 2023 – Further to a March 20th bidding procedures order (as amended) and an auction held on April 19th-20th, the Debtors notified the Court that they had selected Hilco Merchant Resources, LLC ("Hilco") as the successful bidder in respect sale of “certain of the Debtors’ assets related to the Debtors’ remaining stores*” (the…

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April 19, 2023 – Beverly Community Hospital Association and two affiliated debtors (dba Beverly Hospital together “Beverly Hospital” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, lead case No. 23-12359 (Judge Sandra R. Klein). The Debtors, operators of a "not-for-profit, leading and independent 202-bed…

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April 19, 2023 – In furtherance of one path in what is a nuanced “dual path” sale process, the Court hearing the David’s Bridal cases issued an order: (i) approving bidding procedures in relation to a going concern sale of the substantially all of the Debtors’ assets, (ii) authorizing the Debtors to select one or…