August 12, 2019 − Mishti Holdings LLC  and two affiliated Debtors (d/b/a Lolli & Pops and Candyopolis, the “L&P Companies ” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11813. The Debtors, owner-operators of retail candy stores, are represented by Derek C….

August 13, 2019 – Certain holders of the Debtors' unsecured notes (the “Ad Hoc Group”) objected [Docket No. 74] to the Debtors' request for $350.0mn in debtor-in-possession ("DIP") financing on numerous grounds: accusing the Debtors of ignoring their pleas for a place at the pre-petition table; accusing the holders of the Debtors' 7.25% Senior Secured…

August 12, 2019 – The Debtors requested Court authority to (i) access up to $350.0mn in debtor-in-possession (“DIP”) financing to be provided by certain of the Debtors' pre-petition secured noteholders and (ii) use cash collateral [Docket No. 26].  The DIP financing will consist of of (i) a $175.0mn "new money," term loan credit facility, $50.0mn…

August 9, 2019 –  On August 7, 2019, the Court hearing the Barneys New York cases issued an order authorizing the Debtors to access $75.0mn in debtor-in-possession (“DIP”) financing to be provided by Gordon Brothers and Hilco Global. In frantic, last-minute developments, that has all changed. The Debtors have now filed a notice to amend…

August 12, 2019 − Loot Crate, Inc. and three affiliated Debtors (“Loot Crate” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11791. The Debtors, an e-commerce business retailing "geek" and gamer merchandise, are represented by Jamie L. Edmonson of Robinson & Cole…

August 11, 2019 − Sanchez Energy Corporation and 10 affiliated Debtors (OTC Pink: "SNEC," “Sanchez Energy” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-34508. The Debtors, an independent exploration and production company focused on the acquisition and development of U.S….

August 7, 2019 – The Court hearing the Barneys New York cases issued an order authorizing the Debtors to (i) access $75.0mn in debtor-in-possession (“DIP”) financing to be provided by Gordon Brothers and Hilco Global and (ii) use cash collateral [Docket No. 49]. The DIP financing allows the Debtors to market themselves and aim for…

August 7, 2019 − A’GACI, LLC (“A’GACI” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Texas, lead case number 19-51919. The Debtor, a fashion retailer catering to young women, is represented by Eric Terry of Eric Terry Law PLLC. Further board-authorized engagements include (i) Sierra…

August 7, 2019 − Halcón Resources Corporation and six affiliated Debtors (“Halcón” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-34446. The Debtors, an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural…

August 6, 2019 − Jack Cooper Ventures, Inc. and 18 affiliated Debtors (“Jack Cooper” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Georgia, lead case number 19-62393. The Debtors, a specialty transportation and logistics provider and one of the largest over-the-road finished vehicle logistics companies…