Ignite Restaurant Group filed with the U.S. Bankruptcy Court a Joint Amended Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “The Plan is structured as a joint plan. The Debtors will pursue all reasonably available actions to maximize distributions under the Plan to Holders of Claims and Interests….Pursuant to the Settlement,…

The U.S. Bankruptcy Court approved Peekay Boutiques’ bid procedures in connection with the solicitation and acceptance of higher and better bids set forth in the asset purchase agreement by and among the Debtors and TLA Acquisition and relating to the sale of substantially all of the Debtors’ assets, scheduling a hearing to consider the sale,…

The U.S. Bankruptcy Court granted final approval to Quadrant 4 Systems’ post-petition financing motion. As previously reported, “This Motion seeks authority for the Debtor to obtain new financing on a revolving basis that will have a maximum borrowing limit of $900,000, will bear interest at the ‘Base Rate’ plus 5.5%, and will be secured by…

Soupman filed with the U.S. Bankruptcy Court an emergency motion for entry of an order to re-open and supplement the record with respect to the Debtors’ previously-filed motion to approve the sale of substantially all of the Debtors’ assets. The motion explains, “Shortly after the Petition Date, the Debtors filed the Sale Motion, seeking to…

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