Sorenson Communication’s Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on April 10, 2014. According to a press release, “Reorganized Sorenson, with a strengthened balance sheet, will continue investing in its service platform and developing products to provide innovative communications technology…

The U.S. Bankruptcy Court approved Furniture Brands International’s settlement agreement with the Pension Benefit Guaranty Corporation (PBGC) and the official committee of unsecured creditors. As previously reported, “The PBGC will reduce its claims against the Debtors from an aggregate amount of more than $340 million to approximately $300 million. The PBGC also agrees to a…

The U.S. Bankruptcy Court approved Brookstone’s motion for an order authorizing the Debtors to assume a restructuring support agreement (RSA). As previously reported, “During the course of negotiations with the initial consenting noteholders, one of the second round bidders, SPB Acquistion LLC (the ‘Stalking Horse’), an affiliate of Spencer Spirit Holdings, substantially improved its March…

Following a March 11, 2014 involuntary Chapter 7 filing, Tandy Brands Accessories consented to a voluntary Chapter 7 filing with the U.S. Bankruptcy Court in the Northern District of Texas, case number 14-31252. The Company, which designs and markets branded men’s, women’s and children’s accessories like belts, gifts, and small leather goods, is represented by…

Page 365 of 411« First...102030...363364365366367...370380390...Last »