September 12, 2019 − The Diocese of Rochester (“The Diocese” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of New York, lead case number 19-20905. The Debtor, the "visible presence of the One, Holy, Catholic, and Apostolic Church in a 12-county region in western New York,"…

September 11, 2019 – The Court hearing the Weatherford International cases confirmed the Debtors’ Second Amended Joint Prepackaged Plan and approved the related Disclosure Statement [Docket No. 343]. The Court also approved the Debtors' last minute modifications to the Plan [Docket No. 342] (see below). On July 1, 2019, Weatherford International Plc (NYSE: WFT) and…

September 12, 2019 − Alta Mesa Resources, Inc. and six affiliated Debtors (NASDAQ: AMR, “Alta Mesa” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-35133. The Debtors, an independent exploration and production company focused on the development and acquisition of unconventional…

September 10, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 62]. The bidding procedures order would (i) approve bidding procedures for the sale of substantially all of the Debtors' assets (the "Sale"), (ii) authorize the Debtors to enter into a stalking horse asset…

September 9, 2019 – With a September 11th Plan confirmation hearing looming, the Debtors filed an emergency motion requesting Court sign-off on Plan modifications in an effort to preclude the need to resolicit creditor support for their (already voted on) pre-packaged Plan [Docket No. 328]. The motion attaches a Second Amended Plan as Exhibit B…

September 9, 2019 – Conway MacKenzie, a leading management consulting and financial advisory firm, today announced the launch of its Consumer Products Practice (CPP). The new group, established to help clients navigate ecommerce impact, demographic shifts and changing customer relationships, will be led by Conway MacKenzie Senior Managing Director Michael Musso, who has more than…

September 9, 2019 – The Debtors filed a Further Revised Plan and a related Disclosure Statement [Docket Nos. 453 and 454, respectively] each of which attaches a blackline showing changes to the versions of each document filed on August 18, 2019. Overview of the Plan The Disclosure Statement provides the following revised summary of the…

September 9, 2019 − Publicly traded Fred's, Inc. and seven affiliated Debtors (Nasdaq: FRED, “Fred's” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11984. The Debtors, the operator of discount general merchandise stores in fifteen states in the Southeastern United States (many…

September 5, 2019 – The Debtors filed a Second Modified Second Amended Plan [Docket No. 852] which attaches a blackline showing changes to the version of the Plan filed on July 3, 2019.  On May 8, 2019, the Court approved the adequacy of the Debtors' Disclosure Statement [Docket No. 384]. A Plan confirmation hearing, originally…

September 4, 2019 – The Debtors filed a Chapter 11 Plan of liquidation and a related Disclosure Statement [Docket Nos. 2993 and 2994]; and further filed a motion requesting Court approval of their (i) Disclosure Statement and (ii) proposed Plan solicitation and voting procedures [Docket No. 2995]. As detailed by the Debtors in their Disclosure…