The U.S. Bankruptcy Court approved Ezra Holdings’ settlement between the Debtor and the plan administrator of certain affiliated Debtors of EMAS Chiyoda Subsea Limited. As previously reported, “The Debtors assert a number of claims against the ECS Debtors for obligations the Debtors allege are owed from one or more of the ECS Debtors to one…

Real Industry’s ad hoc equity security holders’ committee filed with the U.S. Bankruptcy Court an objection to the Company’s post-petition financing motion. The committee asserts, “This Objection relates to the revised DIP Order approving the increased obligations and the failure to provide for appropriate oversight by and for the parties in interest in the Real…

The U.S. Bankruptcy Court issued an order approving Montco Offshore’s Disclosure Statement and concurrently confirming the Company’s Amended Plan of Liquidation. The confirmation order notes that the Company may make additional appropriate technical adjustments and modifications to the Plan prior to the effective date. In addition, “On the Effective Date, (a) MOI (or the Reorganized…

BankruptcyData’s detailed analysis and summary of Walter Investment Management’s Amended Prepackaged Chapter 11 Plan of Reorganization [Modified], dated January 17, 2018, is now available. The U.S. Bankruptcy Court confirmed the Plan on January 18, 2018; however, an effective date has not yet been issued. BankruptcyData notes, “Through the Restructuring Support Agreement, the Debtor expects to…

The U.S. Bankruptcy Court issued an order approving Global Brokerage’s Disclosure Statement and concurrently confirming the Company’s Prepackaged Plan of Reorganization. As previously reported, “The overall purpose of the Plan is to enable Global Brokerage to exchange its current convertible notes for new notes that have a five-year extended maturity and to restructure its current…

Privately-held Sort LLC (d/b/a Zoots) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Massachusetts, case number 18-1060. Zoots, a dry cleaning enterprise in business for 20 years, is located in Brockton, MA. It operated 18 store locations across central and eastern Massachusetts. The Company is represented in bankruptcy proceedings…

The U.S. Bankruptcy Court confirmed WestMountain Gold’s First Amended & Restated Joint Plan of Reorganization. According to documents filed with the Court, “The holders of Allowed Claims of the type specified in Section 507(a)(2) of the Code, Administrative Claims, shall receive cash equal to the allowed amount of such Claim or a lesser amount or…

The U.S. Bankruptcy Court approved Appvion’s motion to extend the Company’s exclusivity period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March 30, 2018 and May 29, 2018, respectively. As previously reported, “This is the Debtors’ first request for an extension of exclusivity. The Debtors are…

The U.S. Bankruptcy Court granted final approval to Protea Biosciences Group’s post-petition financing motion. The D.I.P. loan includes the following terms: “An initial term loan in the principal amount of $954,352.00, available in one draw of $475,000 upon entry of the Interim Order approving the DIP Loan and $479,352 available in two additional draws, the…

The U.S. Trustee assigned to the Toys “R” Us case filed with the U.S. Bankruptcy Court an objection to the Company’s motion for entry of an order authorizing the Debtors to provide consideration to landlords in exchange for extending the 365(d)(4) deadline and approving the extension letter. The Trustee asserts, “The Debtors propose to waive…