August 28, 2019 – The Debtors filed the solicitation version of their Joint Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 267 and 269, respectively]. Still to be resolved is the U.S. Trustee's objection to the Debtors' use of an "opt-out" mechanic in respect of third party releases, a flaw that the U.S….

August 26, 2019 − Epic Companies, LLC and six affiliated Debtors (“Epic” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-34752. The Debtors, a full-service provider to the global decommissioning, installation and maintenance markets, are represented by John F. Higgins of…

August 22, 2019 – The Debtors filed a Combined Chapter 11 Plan of Liquidation and Disclosure Statement [Docket Nos. 308] and further requested a Court order that would (i) conditionally approve their Disclosure Statement, (ii) approve Plan solicitation and voting procedures and (iii) approve a proposed timetable, including a September 30, 2019 Plan confirmation hearing…

August 19, 2019 – An ad hoc committee of the Debtors' equity security holders (the “Equity Committee”) objected [Docket No. 561] to the adequacy of the Debtors' Disclosure Statement, citing the lack of any credible valuation efforts on the part of the of the Debtors and arguing that the intentional shortcoming is a "sleight of…

September 24, 2012 – Oak Point Partners acquired the remnant assets of the Breuners Home Furnishings Corp., et al., Bankruptcy Estate in September 2012. On July 14, 2004, Breuners Home Furnishings Corp. and its related entities (“Breuners Home Furnishings”) filed a chapter 11 petition in the United States Bankruptcy Court for the District of Delaware,…

August 16, 2019 − Privately held Avenue Stores, LLC and three affiliated Debtors (“Avenue” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11842. The Debtors,  a national specialty fashion retailer of women’s plus-sized apparel, are represented by Andrew L. Magaziner of Young…

August 16, 2019 – The Court hearing the PG&E cases has rejected a pair of motions from key stakeholder groups (ie, the “Ad Hoc Committee of Senior Unsecured Noteholders” and the "Ad Hoc Group of Subrogation Claim Holders") that requested termination of the Debtors' exclusive right to file a Chapter 11 Plan [Docket Nos. 3569…

August 15, 2019 – The Court hearing the Barneys New York cases issued a second interim order authorizing the Debtors to access further debtor-in-possession ("DIP") financing of $142.0mn to be provided by Brigade Capital Management and B. Riley Financial (the “new Lenders”) [Docket No. 127]. This second tranche (the new Lenders had each provided $37.5mn…