August 30, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee” which is comprised of the Debtors’ major trade vendors, landlords and a union) objected to the Debtors’ proposed “smoke and mirrors" debtor-in-possession (“DIP”) financing (i) fails to provide the cash necessary “to conduct a fulsome sale process or even to replenish inventory…

August 30, 2019 – The Debtors requested Court authority to (i) sell twenty-four of their restaurants to Kona Grill Acquisition, LLC (the “Purchaser”) for a cash purchase price of $25.0mn in a private sale and (ii) distribute proceeds of that sale to its debtor-in-possession ("DIP") lender Keybank National Association [Docket No. 372]. The asset purchase…

August 30, 2019 – The Debtors notified the Court [Docket No. 222] that their Joint Partial Prepackaged Plan of Reorganization has become effective as of August 30, 2019. The Court had previously approved the Debtors' Plan on August 7, 2019, [Docket No. 199]. On June 30, 2019, Monitronics International, Inc. and eight affiliated Debtors (d/b/a…

August 28, 2019 – The Debtors filed the solicitation version of their Joint Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 267 and 269, respectively]. Still to be resolved is the U.S. Trustee's objection to the Debtors' use of an "opt-out" mechanic in respect of third party releases, a flaw that the U.S….

August 26, 2019 − Epic Companies, LLC and six affiliated Debtors (“Epic” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-34752. The Debtors, a full-service provider to the global decommissioning, installation and maintenance markets, are represented by John F. Higgins of…

August 22, 2019 – The Debtors filed a Combined Chapter 11 Plan of Liquidation and Disclosure Statement [Docket Nos. 308] and further requested a Court order that would (i) conditionally approve their Disclosure Statement, (ii) approve Plan solicitation and voting procedures and (iii) approve a proposed timetable, including a September 30, 2019 Plan confirmation hearing…

August 19, 2019 – An ad hoc committee of the Debtors' equity security holders (the “Equity Committee”) objected [Docket No. 561] to the adequacy of the Debtors' Disclosure Statement, citing the lack of any credible valuation efforts on the part of the of the Debtors and arguing that the intentional shortcoming is a "sleight of…

September 24, 2012 – Oak Point Partners acquired the remnant assets of the Breuners Home Furnishings Corp., et al., Bankruptcy Estate in September 2012. On July 14, 2004, Breuners Home Furnishings Corp. and its related entities (“Breuners Home Furnishings”) filed a chapter 11 petition in the United States Bankruptcy Court for the District of Delaware,…