November 21, 2018 – The U.S. Trustee filed an objection [Docket No. 607] to the Debtors’ Disclosure Statement [Docket No. 571] citing multiple concerns about its adequacy. The objection stated, “The Disclosure Statement should not be approved in its current form because it fails to provide sufficient information to enable creditors to make an informed…

November 21, 2018 – Privately-held LBI Media, Inc. and 17 affiliated Debtors (together, “LBI Media” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12655. The Company, the largest privately held, minority-owned Spanish-language broadcaster in the United States with TV and radio stations…

November 20, 2018 – FirstEnergy Solutions filed a sale motion which establishes (i) bidding procedures for the sale of Debtor FirstEnergy Generation LLC’s (“FG”) West Lorain Assets and (ii) a timetable for an auction and related hearings [Docket No.1730] The motion explains, “FG’s pursuit of a sale of the West Lorain Assets began in the…

August 25, 2016 – Oak Point Partners acquired the remnant assets of the NWL Holdings, Inc. (National Wholesale Liquidators) Bankruptcy Estate in August 2016. On November 10, 2008, National Wholesale Liquidators filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the District of Delaware, under Case No. 08-12847. Thereafter, the case…

November 20, 2018 – The Court hearing the David’s Bridal case issued an interim order approving the Debtor’s proposed debtor-in-possession (“DIP”) financing [Docket No. 102] to be provided through Bank of America and Cantor Fitzgerald Securities.  As previously reported [Docket No. 17], “The Debtors seek authority to (i) obtain senior secured postpetition financing on a…

November 19, 2018 – GenOn Energy filed a stipulation by and between the Debtors, NRG Chalk Point LLC (“NRG Chalk Point”), and Prince George’s County, Maryland (the “County,”) [Docket No. 1997] that settles a tax dispute between the Debtors and the County regarding stamp taxes owed in respect of the Debtors’ Chalk Point power plant….

November 19, 2018 – The Court hearing the EXCO Resources case issued an order approving the Debtors’ request to (i) enter into exit financing arrangements and (ii) incur and pay related fees, indemnities, and expenses [Docket No. 1281].  As previously reported [Docket No. 1273], “The Debtors, in consultation with their advisors, have negotiated, and the…

November 19, 2018 – Following an Extraordinary General Meeting of shareholders held to approve several matters necessary to implement the Debtors’ Plan, including a reverse stock split, amendments to the Company’s Articles of Association, and the appointment of new directors to serve as the Company’s post-emergence Board of Directors, the debtors’ Modified Fourth Amended Joint…

November 16, 2018 – iHeartMedia filed an Amended Plan Supplement [Docket No.1929] to the Debtors’ Modified Fifth Amended Joint Plan of Reorganization. The supplement contains the following documents:   Exhibit A – New Corporate Governance Documents Exhibit C- New Debt Agreements  Exhibit D – Assumed Executory Contract and Unexpired Lease List Exhibit I – Preferred Stock…