June 18, 2019 – The Court hearing the Fuse, LLC cases issued an order (i) approving the Debtors’ Disclosure Statement and (ii) confirming the Debtors' Amended Prepackaged Joint Plan of Reorganization [Docket No. 251]. On April 22, 2019, Fuse, LLC and eight affiliated Debtors (“Fuse” or the “Debtors”) filed for Chapter 11 protection with the…

June 18, 2019 − Legacy Reserves Inc. and 10 affiliated Debtors (NASDAQ: LGCY, "Legacy" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-33395. The Midland, Texas based Debtors, an independent energy company focused on the horizontal development of unconventional plays in…

June 14, 2019 – The Court hearing the Triangle Petroleum Corporation cases approved the adequacy of the Debtors' Disclosure Statement and confirmed the Debtors' Chapter 11 Plan of Reorganization [Docket No. 71]. The Debtors' will emerge from bankruptcy in the hands of secured noteholder J.P. Morgan Securities, LLC (“JPMS”) who are in line for an…

June 12, 2019 – The Court hearing the Things Remembered, Inc. (now, RMBR Liquidation, Inc.) cases confirmed the Debtors' Joint Chapter 11 Plan of Liquidation and approved a related Disclosure Statement on a final basis [Docket No. 510].  On February 6, 2019, Things Remembered and three affiliated Debtors filed for Chapter 11 protection with the…

June 10, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 147] to each of the Debtors’ debtor-in-possession ("DIP") financing motion and bidding procedures motion citing that these motions endanger estate value by compelling "a sale transaction within two months (August 2019), regardless of whether the sale process yields optimal…

June 11, 2019 – The Debtors filed an Amended Plan and a related Disclosure Statement; with each document including redlines showing changes to the versions filed on April 30, 2019 [Docket Nos. 472 and 473]. The Debtors also filed an amended liquidation analysis which makes modifications to the version that had otherwise been attached to…

June 10, 2019 − SportCo Holdings, Inc. and eight affiliated Debtors (trading as United Sporting Companies, "SportCo" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11299. Chapin, South Carolina based SportCo, a marketer and distributor of products and accessories for hunting, shooting…

June 10, 2019 − INSYS Therapeutics, Inc. (f/k/a Neopharm Inc.) and six affiliated Debtors ("INSYS" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11292. The Company,  a specialty pharmaceutical development and distribution company with a heavy reliance on opioid products, is represented…