Brookstone filed with the U.S. Bankruptcy Court a Revised First Modified Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Brookstone commenced these Chapter 11 Cases with an agreement to sell the common stock of reorganized Brookstone Holdings Corp. (the ‘New Common Stock’) to SPB Acquisition LLC (‘SPB’ or…

Energy Future Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order (a) approving post-petition second lien financing, (b) granting liens and providing super-priority administrative expense claims, (c) authorizing the use of cash collateral, (d) authorizing the Energy Future Intermediate Holdings (EFIH) second lien repayment, (e) authorizing entry into and payment…

Global Geophysical Services filed with the U.S. Bankruptcy Court a motion for approval of a key employee retention program (KERP). The motion explains, “The Retention Program provides assurance to non-insider employees that they will be compensated while they support the Debtors’ restructuring efforts. Absent such program, it is the Debtors’ business judgment that the Debtors…

The U.S. Bankruptcy Court approved QCE Finance’s (Quiznos) Disclosure Statement and concurrently confirmed its Joint Prepackaged Plan of Reorganization. Under the Plan, second lien debt is treated as unsecured with its holders entitled to share in potential litigation proceeds against certain of prior Company managers, directors and owners. Under the Plan, first lien lenders receive…

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