KPMG LLP announced that it has entered into an agreement to acquire substantially all of the assets of Beacon Partners, Inc., a healthcare consulting firm that offers strategic management and clinical and information technology consulting services to healthcare providers. Beacon Partners has a national practice that serves clients across all healthcare provider sub-segments throughout the…

The U.S. Bankruptcy Court approved Revel AC’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including June 30, 2015. As previously reported, “These Chapter 11 Cases are undeniably large and elaborate, featuring multiple debtors, regulatory issues, and a complex capital structure….

According to the U.S. Bankruptcy Court docket, the Court approved James River Coal’s motion for entry of an order authorizing and approving procedures for the compromise and settlement of certain claims, litigations and causes of action. As previously reported, “The Debtors seek to implement the following tiered settlement process with respect to Claims brought by the…

Alvarez & Marsal (A&M) announced that Charles Moore, who recently played a pivotal role in the historic restructuring of the City of Detroit, has joined A&M as a Managing Director in its Detroit, MI office. A nationally-renowned expert in operational restructuring, turnaround consulting and interim management, Moore facilitated the development of the $1.7 billion Reinvestment…

According to the U.S. Bankruptcy Court docket, Caesars Entertainment Operating Company’s (CEOC) official committee of second priority noteholders filed an objection to the Company’s motion to extend or limit exclusive periods for filing a plan and obtaining acceptances thereof. The committee asserts, “The Debtors have not met their burden of establishing cause for any extension, much less…

According to the U.S. Bankruptcy Court, multiple parties – including Washington Prime Group, Colt Holdings, De Rito Pavilions 139, Festival Pasadena Associates, HSG Pasadena, LM Pasadena and One Mile West – filed separate objections to RadioShack’s motion for (i) an order (a) establishing bid procedures for the sale of certain lease assets and (b) granting…

According to the U.S. Bankruptcy Court docket, Revel AC filed an Amended Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “The Plan effectuates the Settlement Agreement…by and among, the Debtors, the Committee and Wells Fargo Bank, N.A as DIP Agent, and Wells Fargo Principal Lending, LLC, as a First Lien Lender…

New Generation Research just published its Quarterly Report of Business Bankruptcy Filings for the period ending March 31, 2015, which is summarized here. More detail and statistical analysis can be downloaded in this free bankruptcy report. The downward spiral of business bankruptcies continued in the first quarter of 2015 with 3% fewer business bankruptcy filings than…

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