Performance Sports Group filed with the U.S. Bankruptcy Court a Modified Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides Holders of Parent Equity Interests with two options for receiving their distributions. The Debtors, after consultation with the Committees and the Monitor, included such options to…

Peekay Boutiques filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Global Settlement forms the foundation of the Plan, which provides for the Sale of substantially all of the Debtors’ assets to the Buyer, subject in all respects to higher or…

BankruptcyData’s detailed analysis and summary of Optima Specialty Steel’s Third Amended Joint Chapter 11 Plan of Reorganization, As Modified, dated October 13, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on October 16, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Third Amended Joint Chapter 11 Plan…

The U.S. Bankruptcy Court approved Gordmans Stores’ Disclosure Statement on a final basis and concurrently confirmed the Company’s Joint Plan of Liquidation. According to documents filed with the Court, “The Plan contemplates a liquidation of each of the Debtors and their Estates and is therefore referred to as a ‘plan of liquidation.’ The primary objective…

TerraVia Holdings filed with the U.S. Bankruptcy Court a notice of payment of Key Executive Incentive Plan (KEIP) bonus. The notice states, “After the closing of the Auction, the Debtors and the Required DIP Lenders calculated in good faith the Total Noteholder Consideration. As a result of such calculation, the Debtors and the Required DIP…

The U.S. Trustee assigned to the Unilife case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The Trustee asserts, “A Confirmation Hearing Notice provides the most fundamental due process – notice and an opportunity to be heard – to all parties in interest. Where, as in this case, the proposed…

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