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…

September 4, 2019− PetroShare Corp. and one affiliated Debtor (OTCQB: PRHR, “PetroShare” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Colorado, lead case number 19-17633. The Debtors, a Colorado-based oil and gas exploration and production company with operations in the Wattenberg Field of the Denver-Julesburg Basin,…

September 4, 2019 – The Debtors notified the Court [Docket No. 959] that their Chapter 11 Plan of Reorganization had become effective as of September 4, 2019. The Court had previously approved the Debtors' Plan on August 2, 2019 [Docket No. 880]. At 11:45 pm on March 14, 2019, moments before a March 15, 2019…

September 4, 2019 − uBiome, Inc. (“uBiome” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 19- 11938. The Debtor, a "leading" microbial genomics company, is represented by Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP. Further board-authorized engagements include (i) Goldin…

September 3, 2019 – Further to the Court's bidding procedures order [Docket No. 210], the Debtors notified the Court that, absent any further qualified bids, BTcP Pharma, LLC ("BTcP" or the "Buyer") had been designated as the successful bidder in respect of the Debtors' sale of  their Subsys® business (ie "the business of developing, manufacturing…

September 3, 2019 – Further to the Debtors' bidding procedures motion [Docket No. 21], the Court hearing the Jack Cooper Ventures cases issued an order authorizing the Debtors to (i) enter into an asset purchase agreement with stalking horse bidder JC Buyer Company, Inc. (the “Stalking Horse” or "Purchaser," a credit bidding affiliate of funds…

September 3, 2019 – The Court hearing the Orchids Paper Products Company cases issued a final order authorizing the Debtors to (i) access $11.0mn in debtor-in-possession (“DIP”) financing to be provided by Orchids Investment (“OI” or the “DIP Lender”), an affiliate of stakeholder Black Diamond Capital Management, L.L.C. and (ii) use cash collateral [Docket No….