February 14, 2022 – Parties* claiming to be the legitimate owners of Debtor Semper Utilities, LLC (a Philapdelphia-based company servicing electric powerlines) filed a motion to dismiss the Debtor's Chapter 11 case, arguing that the Debtor (and its founder Sotero “Mike” Diaz) "did not have corporate authority to commence the Chapter 11 petition” [Docket No….

February 11, 2022 – Semper Utilities, LLC (“Semper” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, case number 22-11128 (Judge Andrew B. Altenburg Jr.). The Debtor, a Philadelphia headquarted company "offering a wide variety of powerline services," is represented by Jeffrey Kurtzman of Kurtzman…

February 4, 2022 – The Court hearing the Grupo Aeroméxico cases issued an order confirming the Debtors’ Fourth Revised Plan of Reorganization [Docket No. 2668]. Also on February 4th, the Debtors filed (i) their Fourth Revised Plan of Reorganization and a related blackline showing changes to the version filed on December 10, 2021 [Docket No….

February 2, 2022 – The Court hearing the Debtors' cases has rejected a request of creditor FitzWalter Capital Partners (Financial Trading) Limited (“FWCP”) to dismiss the Debtors' cases [Docket No. 97]. FWCP, which describes itself as the Security Agent and authorized representative for the Debtors' only secured lenders, had argued that the Debtors' lacked any…

January 2, 2022 – The Debtors filed a motion to dismiss their Chapter 11 cases, noting that “there are no remaining assets of any value available for distributions to unsecured creditors or to support the administrative costs of pursuing anything other than the prompt exit from bankruptcy” [Docket No. 841]. The dismissal motion notes, “The…

February 1, 2022 – The Court hearing the Vewd Software USA cases confirmed the Debtors’ Second Amended Prepackaged Plan of Reorganization [Docket No. 130]. On January 31st, the Court agreed to confirm the Debtors' Plan subject to modifications; with the Debtors subsequently making those changes and filing the now confirmed iteration of the Plan on…

January 28, 2022 – The Court hearing the Prospect-Woodward Home case has extended the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including February 26, 2022. and June 26, 2022 respectively [Docket No. 364]. Absent the requested relief, the Plan filing and…

January 27, 2022 – The Debtors filed a Third Revised Plan of Reorganization and a related Disclosure Statement with each attaching blacklines (changed pages only) showing changes to the versions filed on January 24, 2022 [Docket Nos. 4189 and 4190, respectively]. The majority of the amendments relate to continued sparring amongst the Debtors' official committee…

January 27, 2022 – Following "fruitful" negotiations with longtime Plan nemesis PanAm19 Holdings, LLC ("PanAm"), and the subsequent January 27th execution of a "Second Amended and Restated Restructuring Support and Lock-Up Agreement" with PanAm as signatory, the Debtors have now filed a Fourth Amended Plan and a related Disclosure Statement [Docket Nos. 392 and 393,…

January 26, 2022 – The Court hearing the Alpha Latam Management cases issued an order approving (i) the Debtors' Disclosure Statement, (ii) proposed Plan solicitation and voting procedures and (iii) a proposed timetable culminating in a March 3, 2022 Plan confirmation hearing [Docket No. 518]. The Debtors also filed solicitation versions of their Plan and…