November 5, 2021 – Further to a September 15th bidding procedures order [Docket No. 198] and November 4th auction, the Debtors notified the Court that they had selected CFG Partners Colombia SAS ("CFG Colombia," with cash consideration the Debtors estimate at $149.0mn) as the successful bidder for substantially all the operating assets (the “Assets”) [Docket…

November 5, 2021 – The Court hearing the AH Liquidation cases confirmed the Plan element of the Plan Proponents’* Second Amended Combined Plan of Liquidation and Disclosure Statement on a final basis (the “Combined Document”) [Docket No. 401]. On May 31, 2021, Avadim Health, Inc. and four affiliated Debtors (“Avadim” or the “Debtors,” a healthcare…

November 3, 2021 – The Debtor filed a Second Amended Plan and a related Disclosure Statement (the Plan attached as Exhibit A to the Disclosure Statement) and blacklines of each showing changes to the versions filed on October 15, 2021 [Docket No. 167]. A substantial portion of the revisions relate to the bitter and unresolved…

November 2, 2021 – The Court hearing the LATAM Airlines Group S.A. cases has extended (for a fifth time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including November 26, 2021 and January 26, 2022, respectively [Docket No. 3485]. Absent the…

November 2, 2021 – The Court hearing the Avianca Holdings S.A. cases confirmed the Debtors’ further Modified Third Amended Plan [Docket No. 2300]. On May 10, 2020, Avianca Holdings S.A. and 38 affiliated Debtors (NYSE: AVH; “Avianca” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of…

June 29, 2010 – Oak Point Partners acquired the remnant assets of the GT Brands Holdings LLC, et al., Bankruptcy Estates in June 2010. On July 11, 2005, GT Brands Holdings LLC and its related entities (“GT Brands”) filed a chapter 11 petition in the United States Bankruptcy Court for the Southern District of New…

October 31, 2021 – GTT Communications, Inc. and nine affiliated debtors (“GTT” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 21-11880 (Judge TBD). The Debtors, a Mclean, Virginia-based provider of network connectivity and internet services to over 14,000 customers in…

October 27, 2021 – The Debtor filed a motion to extend (for a second time) the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including March 28, 2022 and May 25, 2022, respectively [Docket No. 1258]. Absent the requested relief, the Plan filing and solicitation…

October 27, 2021 – The Debtor filed a motion to extend (for a second time) the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including March 28, 2022 and May 25, 2022, respectively [Docket No. 1258]. Absent the requested relief, the Plan filing and solicitation…

October 26, 2021 – The Court hearing the Seadrill Limited cases issued an order confirming the Debtors’ Second Amended Chapter 11 Plan of Reorganization [Docket No. 1158]. On February 10, 2021, Seadrill Limited and 85 affiliated Debtors (OSE: SDRL,OTCQX:SDRLF; “Seadrill” or the “Debtors”) filed for Chapter 11 protection noting estimated assets of $7.291bn and estimated…