The U.S. Bankruptcy Court issued an order approving Bon-Ton Stores’ motion for the sale of property free and clear of liens; approving certain bidding procedures, assumption and assignment procedures and the form and manner of notice thereof; approving the asset purchase agreement (APA) and authorizing the sale of all or substantially all of the Debtors’…

The U.S. Bankruptcy Court approved Appvion’s motion to extend the exclusivity period for filing a plan and soliciting acceptances thereof through and including May 29, 2018 and July 27, 2018, respectively. As previously reported, “The Debtors have continued in their negotiations with all key stakeholders since the Petition Date, with the expectation that they will…

The U.S. Trustee assigned to the Cenveo case filed with the U.S. Bankruptcy Court an objection to Cenveo’s Disclosure Statement. The Trustee asserts, “The Disclosure Statement should not be approved because it fails to provide creditors with sufficient information to allow them to make an informed choice as to whether to approve or reject the…

The U.S. Bankruptcy Court approved COPSync’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including April 29, 2018 and June 26, 2018, respectively. As previously reported, “The Debtor and Debtor’s counsel have made strides in the plan process and foresee being…

Bon-Ton Stores announced the winning bid in an auction for the Company’s assets, held pursuant to Section 363 of the U.S. Bankruptcy Code. Subject to U.S. Bankruptcy Court approval, a joint venture composed of the holders of the Company’s 8.0% Second Lien Secured Notes due 2021 and Great American Group and Tiger Capital Group will…

Rentech’s Second Amended Combined Disclosure Statement & Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 30, 2018. According to documents filed with the SEC, on the effective date all assets of the Company will be transferred to the Rentech…

Walking Company Holdings filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Pursuant to the Plan, all of the outstanding equity interests in the Parent will be extinguished. The Plan Sponsors will provide a $10.2 million Consideration in Cash on the…

The U.S. Bankruptcy Court issued a final order approving Remington Outdoor Company’s post-petition secured financing motion. As previously reported, “The D.I.P. Term Facility is a senior secured superpriority non-amortizing U.S. dollar denominated term loan facility in an aggregate principal amount of up to $145 million consisting of two tranches: (i) (A) Initial Loans to be…