Ezra Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March 21, 2018 and July 11, 2018, respectively. The motion explains, “The Debtors have made substantial progress in developing the Plan, the complexities…

BankruptcyData’s detailed analysis and summary of Ironclad Performance Wear’s Joint Plan of Liquidation [Revised], dated February 9, 2018, is now available. The U.S. Bankruptcy Court confirmed the Plan on February 13, 2018; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan Proponents believe that the confirmation of this Plan provides the…

Enumeral Biomedical Holdings filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides that, subject to paying the expenses of the chapter 11 case as determined by the bankruptcy court, all funds of the Debtors will be paid to their creditors….

The U.S. Bankruptcy Court approved Appvion’s quarterly incentive plan (QIP) for approximately 429 salaried employees. As previously reported, “For the Executive QIP Participants, the QIP is based on three performance metrics with the following weightings: 70% AOP EBITDA; 20% Average Liquidity, and 10% Chapter 11 Exit Timing. The total payout for the Executive QIP Participants…

Bon-Ton Stores announced that, on February 1, 2018, the Company began store closing sales at 42 select locations as part of the Company’s store rationalization program and Chapter 11 proceeding. The in-store sales are taking place at Bon-Ton branded stores as well as other retail nameplates owned by the retailer, including Bergner’s, Boston Store, Carson’s,…

On February 9, 2018, S&P Global Ratings lowered its corporate credit rating on Payless Inc. to CCC from B-, its $80 million first-lien tranche A-1 term loan to B- from B+ and its $200 million first-lien tranche A-2 term loan to CCC- from B-. According to S&P Global, the downgrade reflects the Company’s sustained weak…

  Privately-held BK Racing, LLC filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, case number 18-30241. The Company is headquartered in Charlotte, NC and headed by Brenda Divine, Managing Member. BK Racing is represented in bankruptcy proceedings by James H. Henderson of The Henderson Law Firm….

Intuitive Venture Partners filed with the U.S. Bankruptcy Court an objection to Enumeral Biomedical Holdings’ bidding procedures’ motion. The objection asserts, “The Collateral Agent objects to the Bidding Procedures Motion because the proposed procedures (the ‘Bidding Procedures’), and indeed the sale itself, are not intended to and will not maximize the value of the Debtors’…