September 18, 2017 – Oak Point Partners acquired the remnant assets of the RoomStore, Inc. Bankruptcy Estate (RoomStore) in September 2017. On December 12, 2011, RoomStore filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Eastern District of Virginia, assigned Case No. 11-37790. Thereafter, the case was converted to chapter…

November 25, 2018 – Waypoint Leasing Holdings Ltd. and approximately 140 affiliated Debtors (collectively, “Waypoint” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-13648. The Company, a global helicopter leasing company that provides operating lease and financing solutions to helicopter…

November 21, 2018 – Summit Financial Corp. filed its first Amended Chapter 11 Plan. The Plan includes the following detail as to the order of payment of Allowed Claims:  1st – Administrative Claims; 2nd – Class 1, Allowed Secured Tangible Personal Property Tax Claim of  Broward County Records, Taxes & Treasury Division; 3rd – Class…

November 21, 2018 – The U.S. Trustee filed an objection [Docket No. 607] to the Debtors’ Disclosure Statement [Docket No. 571] citing multiple concerns about its adequacy. The objection stated, “The Disclosure Statement should not be approved in its current form because it fails to provide sufficient information to enable creditors to make an informed…

November 21, 2018 – Privately-held LBI Media, Inc. and 17 affiliated Debtors (together, “LBI Media” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12655. The Company, the largest privately held, minority-owned Spanish-language broadcaster in the United States with TV and radio stations…

November 20, 2018 – FirstEnergy Solutions filed a sale motion which establishes (i) bidding procedures for the sale of Debtor FirstEnergy Generation LLC’s (“FG”) West Lorain Assets and (ii) a timetable for an auction and related hearings [Docket No.1730] The motion explains, “FG’s pursuit of a sale of the West Lorain Assets began in the…

August 25, 2016 – Oak Point Partners acquired the remnant assets of the NWL Holdings, Inc. (National Wholesale Liquidators) Bankruptcy Estate in August 2016. On November 10, 2008, National Wholesale Liquidators filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the District of Delaware, under Case No. 08-12847. Thereafter, the case…

November 20, 2018 – The Court hearing the David’s Bridal case issued an interim order approving the Debtor’s proposed debtor-in-possession (“DIP”) financing [Docket No. 102] to be provided through Bank of America and Cantor Fitzgerald Securities.  As previously reported [Docket No. 17], “The Debtors seek authority to (i) obtain senior secured postpetition financing on a…