July 8, 2019 − Stearns Holdings, LLC and six affiliated Debtors (together, "Stearns" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 19-12226. The Debtors, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, are…

December 17, 2018 – Oak Point Partners acquired the remnant assets of the Christ Hospital Liquidating Trust and Christ Hospital Bankruptcy Estate in December 2018. On February 6, 2012, Christ Hospital filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey, assigned…

July 7, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 15]. The bidding procedures order would (i) approve proposed bidding procedures ("Sale Procedures") in respect of the sale of substantially all of the Debtors' assets (the "Sale"), (ii) authorize the Debtors to enter…

July 6, 2019 − RUI Holding Corp. (d/b/a Restaurants Unlimited) and three affiliated Debtors ("RUI" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11509. The Debtors, a premier multi-branded restaurant operator with restaurants in 12 states, are owned by an affiliate of…

July 3, 2019 – Further to the Court's bidding procedures order [Docket No. 456], the Debtors have now received Court approval in respect of a designated stalking horse bidder (including as to proposed bid protections) for each of their forward mortgage servicing and reverse mortgage servicing businesses [Docket Nos. 808 and 809, respectively]. On June…

July 2, 2019 – Further to its bidding procedures order [Docket No. 319] and a hearing held on July 2, 2019, the Court hearing the Weatherly Oil & Gas case has approved the sale of the Debtors’ Shelby Assets and Boswell Assets (together, “the Group 2 Assets”) to Angelo Gordon Energy Servicer, LLC ("AG," the…

July 1, 2019 – The Debtors requested Court authority to (i) access $1.0bn in debtor-in-possession (“DIP”) financing, consisting of (i) a first lien superpriority DIP Revolving Credit Facility with aggregate commitments of $750.0mn and a letter of credit sub-facility (the “DIP L/C Sub-Facility”) in an aggregate amount of $50.0mn and (b) a DIP Term Loan…

July 1, 2019 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of July 1, 2019 [Docket No. 987]. Previously, on June 24, 2019, the Court approved the Debtors' Disclosure Statement and confirmed their Plan [Docket No. 914].  On April 1, 2019,  Hexion Holdings LLC and 17…

July 1, 2019 – The Debtors notified the Court that their Amended Prepackaged Joint Plan had become effective as of July 1, 2019 [Docket No. 284]. Previously, on June 18, 2019, the Court approved the Debtors' Disclosure Statement and confirmed their Plan [Docket No. 251]. On April 22, 2019, Fuse, LLC and eight affiliated Debtors…

June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-33676. The Debtors, one of the largest multinational oilfield service companies, are represented by Timothy A. Davidson II…