February 14, 2019 – The Court hearing the Sam Kane Beef Processors case issued an order [Docket No. 137] approving the sale of substantially all of the assets of the Debtor to JDH Capital Company (“JDH”), a subsidiary of Hilcorp (the largest privately held independent oil and gas exploration/production company in the U.S.), for $1.5mn…

February 13, 2019 – The Debtors notified the Court hearing the Hooper Holmes case that their Amended Joint Plan of Liquidation had become effective on February 12, 2019 [Docket No. 375]. The Court had previously confirmed the Debtors’ Plan on January 31, 2019 [Docket No. 361].  On, August 28, 2018, Hooper Holmes, Inc. and six…

February 12, 2019 – The Debtors (i) filed an Amended Plan [Docket No. 393] and a related Disclosure Statement [Docket No. 392] and (ii) requested Court approval as to the adequacy of the Disclosure Statement and proposed Plan solicitation procedures [Docket No. 412].   The Disclosure Statement notes, “The Plan contemplates a restructuring of the…

February 13, 2019 – Total Finance Investment Inc. (“TFI” or the “Company”) and six affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Illinois, lead case number 19-03734. The Company, an operator of buy-here, pay-here (“BHPH”) used automobile dealerships located in Illinois and Wisconsin, is represented by…

February 13, 2019 – Plaintiffs David Herdon, Julia Herndon, Gabriell Herndon, Jedidiah Herndon, Estefania Miranda, Gabriella’s Eatery, Chico Renta-Fence and Ponderosa Pest & Weed Control, individually and on behalf of all others similarly situated (“Plaintiffs”) filed a complaint against Debtors (“Defendant”) alleging numerous failings on the part of the Debtors that were responsible for the…

February 13, 2019 – Imerys Talc America, Inc. and two affiliated Debtors (“Imerys” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10289 [Docket No. 1]. The Company,  the leading talc producer on the American continent, with operations in Montana, Vermont, and Texas,…

October 31, 2018 – Oak Point Partners acquired the remnant assets of the Creditor Trust of Schwab Industries, Inc. n/k/a SII Liquidation Company, et al. Bankruptcy Estates (SII Liquidation) in October 2018. On February 28, 2010, SII Liquidation and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the…

February 12, 2019 – The Court hearing the SQLC Senior Living Center at Corpus Christi (d/b/a Mirador) case authorized (i) the asset purchase agreement dated February 8, 2019 (the ‘Stalking Horse APA’ which is attached to the order) with Ronald E. Jennette, Trustee, as trustee of the Aldergate Trust (the ‘Stalking Horse’), (ii) the Debtor’s…

February 12, 2019 – Further to a hearing held at noon on February 12, 2019, the Court hearing the Elements Behavioral Health case confirmed the Debtors’ Combined Plan and Disclosure Statement. The Court has not yet issued a confirmation order, but a certificate attaching the proposed order was submitted by the Debtors [Docket No. 763]….

February 11, 2019 – The Debtors filed a Joint Plan of Reorganization and a related Disclosure Statement [Docket Nos. 2119 and 2120], together with a motion to requesting approval of the Disclosure Statement and the scheduling of a Plan confirmation hearing [Docket No. 2121]. Summary of the Plan The Disclosure Statement provides the following overview…