January 9, 2019 – Sidley Austin LLP announced a pair of additions to its global restructuring practice; Mark Knight who will join Sidley in London as a partner and Charles Persons who will join Sidley’s Dallas team as counsel. In a press release announcing the Knight hire, James Conlan, Sidley’s Global Head of Restructuring, and…

January 7, 2019 – SRE Holding Corporation (“SRE”), a subsidiary of Sears Holdings Corporation and until now a non-Debtor affiliate sitting outside of the Debtors’ bankruptcy process, filed a Chapter 11 petition with the Southern District of New York. It is expected that SRE’s case will be consolidated with those of the other Sears Debtors. …

January 8, 2019 – TMI Trust Company (“TMI”), in its capacity as trustee for the Debtors’ 11% Senior PIK Toggle Notes due April 30, 2022 (the “PIK Notes”), filed an objection [Docket No. 283] to the Debtors’ Disclosure Statement [Docket No. 278]. Cowen and Company, LLC joined TMI in its objection [Docket No. 284]. TMI…

January 7, 2019 – The Debtors notified [Docket No. 216] the Court hearing the Waypoint Leasing case that pursuant to procedures established in the Court’s bidding procedures order (specifically the lack of further qualifying bids) [Docket No. 159], the auction scheduled for January 8, 2019 had been cancelled.  The notice further notes that the only…

January 7, 2018 – The Debtors filed a supplement [Docket No. 1045] in respect of their First Amended Joint Plan of Reorganization filed on November 14, 2018 [Docket No. 867].   The supplement attached the following documents: Exhibit A: New Reorganized Holdings Organizational Documents Exhibit B: Management Incentive Plan Exhibit C: New Secured Facility Documents…

December 31, 2018 – The Debtors filed a Prepackaged Chapter 11 Plan of Reorganization and related Disclosure Statement [Docket Nos. 4 and 5] and requested a combined hearing for approval of the Plan and Disclosure Statement  for February 18, 2109 [Docket No. 6].   The Disclosure Statement notes, “The primary objectives of the Plan are…

January 4 , 2019 – Plus-size retailer FULLBEAUTY Brands (FULLBEAUTY or the “Debtors”) has published a Joint Prepackaged Chapter 11 Plan and related Disclosure Statement in advance of filing a Chapter 11 Petition later this month. On January 3, 2019, the retailer announced a pre-packaged restructuring agreed amongst the Debtors and the Debtors’ major stakeholders,…