January 31, 2019 – The Court hearing the Checkout Holding case approved the adequacy of the Debtors’ Disclosure Statement and confirmed the Joint Prepackaged Chapter 11 Plan of Checkout Holding Corp. and its Affiliated Debtors [Docket No. 266]. In a press release issued on January 31 following confirmation of the Plan, Catalina, a unit of…

January 31, 2019 – The Court hearing the Hooper Holmes (d/b/a Provant Health) case entered an order confirming the Debtors’ Amended Joint Plan of Liquidation, [Docket No. 361].    On, August 28, 2018, Hooper Holmes, Inc. and six affiliated debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of…

January 31, 2019 – The Court hearing PetroQuest Energy case entered an order confirming the Debtors’ First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January 28, 2019 [Docket No. 484]. The Debtors have announced that they expect the Plan to become effective on or before February 8, 2019. On November 6,…

January 31, 2019 – Mayflower Communities, Inc. (“Mayflower,” d/b/a The Barrington of Carmel) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 18-30283. The Company, a Delaware not-for-profit senior living community located in Carmel, Indiana and wholly-owned by Senior Quality Lifestyles Corporation (“SQLC,” itself a…

January 30, 2019 – The Debtors’ debtor-in-possession (“DIP”) lenders have objected [Docket No. 614] to the Debtors’ request for Court approval of (i) the adequacy of Debtors’ Disclosure Statement and (ii) proposed Plan solicitation and notice procedures [Docket No.  524].  The DIP lenders contend that the Debtors’ Plan contravenes the clear agreement between the DIP…

January 30, 2019 – Responding to the Debtors’ emergency motion of January 29, 2019 [Docket No. 49], the Court issued an order [Docket No. 64] (i) approving auction and bidding procedures, (ii) scheduling an auction and sale hearing and (ii) authorizing the abandonment of any assets not otherwise sold at the auction. Time is clearly…

January 28, 2019 – The Debtors notified the Court that (i) on January 28, 2019, the Debtors and the necessary consenting stakeholders executed a first amendment to the Debtors’ restructuring support agreement dated December 12, 2018, (the “RSA Amendment” and the “RSA,” respectively), (ii) executed a joinder agreement to the RSA with Saba Capital Management,…

January 29, 2019 – In a first bit of jockeying on the constitution of the Debtors’ classes, the Debtors’ Ad Hoc Group of Institutional Bondholders (the “Ad Hoc Group”) objected to the Debtors’ motion requesting joint administration of the Chapter 11 cases of PG&E Corporation (PG&E”) and Pacific Gas and Electric Co. (“Utility”). The concern…