Performance Sports Group (f/k/a Bauer Performance Sports) and more than 15 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-12373 (BPS US Holdings). The Company, which designs, manufactures and distributes performance sports equipment, related apparel and accessories, is represented by Pauline K. Morgan…

International Shipholding filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing the Debtors’ entry into a restructuring support agreement (RSA) with Seacor Capital. The motion explains, “In the three months since the Petition Date, the Debtors have worked diligently with their key constituencies toward a goal of maximizing the value…

Hancock Fabrics filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 6, 2017 and March 15, 2017, respectively. The motion explains, “Termination of the Exclusive Periods now would be a serious detriment to…

Doral Financial’s Amended Joint Plan of Reorganization (proposed by the Company and its official committee of unsecured creditors) became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on August 10, 2016. Concurrent with that order, the Court also issued an order confirming the separate Chapter 11 Plan of Liquidation…

The U.S. Bankruptcy Court approved Premier Exhibitions’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 10, 2017. As previously reported, “Under the circumstances of these cases, a premature termination of exclusivity would deny the Debtors a meaningful opportunity to…

In Form 10-K filed on October 24, 2016, Unilife Corporation’s auditor, KPMG LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to KPMG, the Company has incurred recurring losses from operations and has limited cash resources. The Company expects to generate cash receipts from wearable injector customers during fiscal…

HSBC Bank plc filed with the U.S. Bankruptcy Court an objection to CHC Group’s motion for approval of stipulation and order governing the production and/or disclosure of confidential documents and discovery materials. The objection asserts, “The Debtors did not involve the RCF Lenders in the negotiations culminating in the Proposed Stipulation and the RCF Lenders…

The U.S. Bankruptcy Court issued an order dismissing Parallel Energy’s Chapter 11 proceeding. The Company sought dismissal, arguing, “[T]he Debtors negotiated a sale of substantially all of their assets (the ‘Sale’) to Scout Energy Group II, LP, a third-party purchaser (‘Scout’). On January 12, 2016, the Court entered an order approving the sale. Pursuant to…

The U.S. Bankruptcy Court approved Perseon’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 21, 2016 and January 18, 2017, respectively. As previously reported, “The Debtor requests an extension to allow for sufficient time to pursue confirmation of its…