The U.S. Bankruptcy Court issued an order approving the asset purchase agreement and authorizing the sale of assets of the Debtors outside the ordinary course of business, authorizing the sale of assets free and clear of all liens, claims, encumbrances and interests, and authorizing the assumption and sale and assignment of certain executory contracts and…

The U.S. Bankruptcy Court issued an order approving on an interim basis, Hampshire Group and the official committee of unsecured creditors’ First Amended Disclosure Statement and concurrently scheduling a combined hearing on final approval of the disclosure statement and confirmation of the First Amended Joint Chapter 11 Plan of Liquidation. As previously reported, “The Plan…

Roquette Freres, S.A. filed with the U.S. Bankruptcy Court an objection to Terravia Holdings’ motion approving bidding procedures for sale of Debtor’s assets, approving stalking horse bid protections, scheduling auction for and a hearing to approve, and sale of Debtor’s assets. The objection asserts, “Debtors’ form of NDA categorically denies access to confidential information to…

Ciber filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the disclosure statement, “The primary objective of the Plan is to maximize the value of recoveries to all Holders of Allowed Claims and Allowed Interests and to distribute all property of the Estates that is or…

Hampshire Group and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the disclosure statement, “The Plan contemplates the substantive consolidation of the Debtors’ Estates into a single Estate for all purposes associated with Confirmation and Consummation….

Grandparents.com filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Liquidation and related First Amended Joint Disclosure Statement. According to the disclosure statement, “The Lender has agreed to fund the Liquidating Trust with a cash contribution of $200,000 for general trust operations, plus an additional $50,000 specifically earmarked for distribution to Class…

Multiple Parties including–the United States Trustee assigned to Avaya’s case, SAE Power Company, the ad hoc second lien noteholder’s group, and the ad hoc group of crossover holders–filed with the U.S. Bankruptcy Court separate objections to Avaya’s Disclosure Statement related to the First Amended Joint Chapter 11 Plan of Reorganization. The U.S. Trustee asserts, “The…

The U.S. Bankruptcy Court issued an order approving rue21’s expedited consent motion for entry of an order authorizing the Debtors to incur and pay fees, expenses and indemnification obligations in connection with the Company’s proposed exit financing facility. As previously reported, “This new senior secured asset-based revolving credit facility will be a critical component of…