February 6, 2019 – Avadel Specialty Pharmaceuticals (“ASP” or the “Company” ) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10248. The Company, a pharmaceutical company focused on providing innovative medicines for chronic urological conditions, is a direct and indirect subsidiary of non-debtors Avadel U.S….

February 5, 2019 – The Debtors filed a First Amended Joint Plan of and a related Disclosure Statement [Docket Nos. 681 and 682] and also filed redlines of the two documents showing changes from versions filed on January 2, 2019. The documents are substantially amended and include further disclosure as to several problematic areas for…

February 4, 2019 – The Court hearing the FULLBEAUTY Brands case confirmed the Debtors’ First Amended Joint Prepackaged Plan [Docket No. 11] less than 24 hours after it was filed, brushing aside concerns raised by the U.S. Trustee that overly fast debt loss threatened to undermine the bankruptcy process. The one day bankruptcy sets a…

February 4, 2019 – The U.S. Trustee in the FULLBEAUTY Brands Holdings case objected [Docket No. 34] to the Debtors’ Amended Joint Prepackaged Chapter 11 Plan of Reorganization [Docket No. 11] arguing that the Debtors’ proposed 24-hour bankruptcy precludes proper post-petition scrutiny of the Debtors’ Plan and violates basic principles of due process.   The…

February 1, 2019 – The Debtors notified [Docket No. 261] the Court hearing the Egalet Corporation case that the Debtors’ First Amended Chapter 11 Plan of Reorganization became effective as of January 31, 2019. The Court had previously confirmed the Plan on January 14, 2019 [Docket No. 242]. On October 31, 2018, the Debtors, a…

February 3, 2019 – Plus-size clothing retailer FULLBEAUTY Brands and nine affiliated Debtors (“FULLBEAUTY” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 19-22185. The Company’s first day filings include the Debtors’ First Amended Joint Prepackaged Plan [Docket No. 11]. a…

January 31, 2019 – In a hearing held on January 31, 2019, the Court hearing the Bon-Ton Stores case granted the Debtors’ motion [Docket No. 1280] for entry of an order dismissing the Debtors’ Chapter 11 cases. Subject to the issuance of the Court’s order (a draft of which was submitted by Debtors’ counsel and…