ScripsAmerica’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtor’s motion to extend the exclusive period during which Debtor may file a Chapter 11 plan and solicit acceptances thereof. The committee asserts, “The Debtor cannot establish that ’cause’ exists to extend the Exclusive Periods because the Debtor meets…

Chaparral Energy filed with the U.S. Bankruptcy Court a motion for an order authorizing its entry into and performance under a plan support agreement (PSA) and granting related relief. The motion explains, “The PSA commits the Debtors and the Consenting Creditors to prosecute a consensual plan of reorganization (the ‘Plan’) designed to implement a comprehensive…

Hampshire Group and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-12634. The Company, which offers fashion apparel, is represented by Michael David Debaecke of Blank Rome. According to a corporate release, the filing was made in order to facilitate the orderly…

LRI Holdings’ (aka Logan’s Roadhouse) First Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on November 9, 2016, and BankruptcyData’s detailed analysis and summary of the Plan, dated September 28, 2016, is now available. BankruptcyData notes, “Prior to commencing these cases, the Debtors’ boards…

The U.S. Bankruptcy Court approved on a final basis, American Gilsonite Company’s motion to obtain post-petition financing, use cash collateral, grant certain protections to pre-petition secured parties and schedule a final hearing. As previously reported, “Upon their exit from chapter 11, the Debtors estimate that the Company will have approximately $9.83 million (assuming a December…

The U.S. Bankruptcy Court issued an order approving Triangle USA Petroleum’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 15, 2017 and March 16, 2017, respectively. As previously reported, “The Debtors need creditor support to confirm any plan, so…

The U.S. Trustee assigned to the DirectBuy Holdings’ case and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court separate objections to the Debtors’ motion (a) for an order approving the stalking horse asset purchase agreement and procedures in connection with the sale of all or substantially all of the Debtors’ business…