The U.S. Bankruptcy Court approved Ignite Restaurant Group’s Disclosure Statement related to its Amended Chapter 11 Plan. According to the Disclosure Statement, “The Plan is premised on the substantive consolidation of all of the Debtors with respect to the treatment of all Claims and Interests. The Plan shall serve as a request by the Debtors,…

Toys “R” Us filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders authorizing the North American Debtors to obtain post-petition financing and use cash collateral, granting liens and providing super-priority administrative expense status, granting adequate protection to the pre-petition lenders, modifying the automatic stay and scheduling a final hearing….

21st Century Oncology Holdings’ patient care ombudsman (PCO) filed with the U.S. Bankruptcy Court a second report. The report states, “I found no indication that the Debtors’ bankruptcy filings have adversely impacted operations or the quality of treatment and care provided to the patients. In fact, after years of uncertainty, the bankruptcy appears to have…

The U.S. Bankruptcy Court approved Crossroads Systems’ Disclosure Statement and concurrently issued an order confirming its Plan of Reorganization, with technical modifications. According to documents filed with the Court, “The Prepackaged Plan effectuates the terms of an agreement with 210/CRDS Investment (‘210’), that will (i) provide the Debtor with an equity investment of $4 million…