Cayman Islands-based Caledonian Bank Limited filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 15-10324. The Company, a wholly-owned subsidiary of Caledonian Global Financial Services which provides specialized financial services in the Cayman Islands, is represented by Geoffrey T. Raicht of Proskauer Rose. According to…

According to the U.S. Bankruptcy Court docket, the U.S. Trustee assigned to the RadioShack case filed an objection to the Debtors’ combined motion for entry of orders (i) establishing bidding and sale procedures, (ii) approving the sale of assets and (iii) granting related relief. The objection explains, “The bid procedures order sought under the Motion should…

According to the U.S. Bankruptcy Court docket, Nautilus Holdings’ Second Amended Plan of Reorganization became effective; and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on January 30, 2015 and, according to the docket, “…pursuant to Sections 8.2 and 8.3 of the Plan, all Conditions Precedent to the Plan have either…

According to the U.S. Bankruptcy Court docket, RadioShack filed a motion for (i) an order (a) establishing bid procedures for the sale of certain of the Debtors’ non-residential real property leases and (b) granting certain related relief and (ii) an order (a) approving the sale of certain of the Debtors’ non-residential real property leases free…

According to the U.S. Bankruptcy Court docket, Point Blank Solutions filed monthly operating reports for November 2014 and December 2014. For the respective periods, the total Debtors reported a consolidated net loss of $150,550 on zero net sales and net loss of $47,838 on zero net sales. The Company paid $226,000 in reorganization expenses during…

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