According to the U.S. Bankruptcy Court docket, NII Holdings filed a notice stating that no other qualified bids were received by the March 17, 2015 bid deadline. As a result, and pursuant to the Court-approved bid procedures, the previously-scheduled auction for the sale of substantially all Debtors Mexican operations has been cancelled. The Company named…

According to the U.S. Bankruptcy Court docket, Point Blank Solutions filed a Chapter 11 Plan of Liquidation and related Disclosure Statement. The Disclosure Statement explains, “The primary alternatives to the Plan are conversion of the Chapter 11 Cases to cases under chapter 7 of the Bankruptcy Code or dismissal. As discussed further above, the Plan…

According to the U.S. Bankruptcy Court docket, the U.S. Trustee assigned to the RadioShack case filed an objection to the Company’s motion for an order authorizing (i) the Debtors to retain Maeva Group as financial advisors and (ii) a waiver of certain reporting requirements. The objection explains, “The purpose behind Rule 2014(a) is to ensure…

According to the U.S. Bankruptcy Court docket, Allen Systems Group filed a First Amended Joint Prepackaged Chapter 11 Plan of Reorganization. A related Disclosure Statement was not filed. According to the documents filed with the Court, “Arthur Allen shall execute the RSA at such time as the Company and the Consenting Creditors execute the RSA,…

According to the U.S. Bankruptcy Court docket, Buccaneer Energy Limited’s First Amended Joint Chapter 11 Plan, as modified, became effective; and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on January 13, 2015. According to the documents filed with the Court, “The Plan proposes the orderly liquidation of the Debtors’ Estates….

According to the U.S. Bankruptcy Court docket, the Court denied Revel AC’s emergency motion for entry of an order (a) approving the amended and restated asset purchase agreement with Polo North Country Club and (b) granting related relief. The notice states, “Based upon the arguments of counsel on the record of the hearings on the…

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