Adeptus Health’s health care ombudsman (Ombudsman), Dan McMurray, filed with the U.S. Bankruptcy Court a motion to reconsider and clarify, correct and/or modify the previous Court order directing appointment of a Ombudsman in order (i) to specify those healthcare facilities owned by or affiliated with the Debtors that fall within the scope of the Ombudsman’s…

GenOn Energy (f/k/a RRI Energy) and more than 50 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-33695. The Company, which owns and operates power generation facilities, is represented by Zack A. Clement of Zach A. Clement PLLC. According to documents filed…

Soupman and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 17-11314. The Company, which manufactures and retails food products, is represented by Christoper A. Ward of Polsinelli. The Company has secured a new $2 million debtor-in-possession credit facility from an independent third-party private…

BankruptcyData’s detailed analysis and summary of Paragon Offshore’ Fifth Joint Chapter 11 Plan, dated June 5, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on June 7, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “Under the Plan, approximately $2.4 billion of previously existing debt will be eliminated…

Gymboree filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders (i) authorizing the Debtors to assume a consulting agreement by and between Gymboree (“merchant”) and Tiger Capital Group and Great American Group (collectively, “consultant”) and (ii) approving procedures for store closing sales. The motion explains, “The Debtors’ management team…

hhgregg filed with the U.S. Bankruptcy Court a motion for an order approving key employee incentive program (KEIP). The motion explains, “The KEIP is designed to incentivize three members of the Debtors’ executive management who are expected to remain with the Debtors during their wind-down (the ‘KEIP Participants’) to achieve difficult benchmarks that will maximize…

The U.S. Bankruptcy Court approved the motion of CFG Peru Investments (Singapore)’s Chapter 11 trustee for entry of an order authorizing procedures enabling the trustee to (a) sell or transfer certain limited non-core, non-Debtor assets (the additional non-core assets of the CFG Peru Singapore subsidiaries) and (b) consent to and to take all corporate governance…

Katy Industries’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Company’s proposed bidding procedures and D.I.P. financing motion. The committee asserts, “All in all, the assertion of a liquidity crisis driving a quick 363 sale belies the reality of a good turn-around work-in-progress….Also unlike so many chapter 11…

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