November 2, 2018 – Dixie Electric filed a motion for interim and final orders authorizing the Debtors (a) to obtain debtor-in-possession (“DIP”) financing from DIP lenders Contrarian Capital Management, ING Capital, Mudrick Capital Management, Bank of America, ParFour Investment Management, and Partners Group Private Markets Credit Strategies S.A., and Wilmington Trust as administrative agent and…

November 2, 2018 – Nine West Holdings filed with the U.S. Bankruptcy Court a monthly operating report for the period of September 2, 2018 to October 1, 2018 [Docket No. 801]. For the period, the consolidated Debtors reported operating income of $7.2 million and a net loss of $76.4 million on $112.9 million in total…

November 2, 2018 – iHeartMedia filed a Plan Supplement [Docket No. 1781] to its Fifth Amended Joint Plan of Reorganization [Docket No. 1605]. The supplement contains the following documents:  Exhibit B – New ABL Credit Agreement  Exhibit D – Assumed Executory Contract and Unexpired Lease List Exhibit E – Rejected Executory Contract and Unexpired Lease…

November 3, 2018 – Sears Holdings requested Court approval for proposed (a) bidding procedures in respect of the sale of its home improvement business, (b) stalking horse bid protections in respect of the sale, (c) auction and hearing timetable and (d) form and manner of notice of sale, auction, and sale hearing [Docket No. 450]….

November 2, 2018 – Dixie Electric and twelve affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12477 [Docket No. 1]. The Company, which provides services to the United States natural gas industry, is represented by Edmon L. Morton of Young Conaway Stargatt &…

November 1, 2018 – Parmjit Singh Parmar and entities he controls (collectively, the “Parmar Entities”) requested that the Court hearing the Orion Healthcorp case appoint a trustee or an examiner [Docket No. 561]. The motion requests the appointment of a “Trustee or an examiner, ‘for cause’, to conduct an investigation of the Debtors, their Board…

November 1, 2018 – Sears Holdings requested Court approval of global bidding and sale procedures [Docket No. 429]. The Court document explains, “By this Motion, the Debtors seek approval of global bidding and sale procedures (the ‘Global Bidding Procedures’) for the efficient marketing, auction and sale of their assets in an orderly and value maximizing…

November 1, 2018 – The Court hearing the GenOn Energy case approved the Disclosure Statement of Debtor affiliate NRG REMA and confirmed NRG REMA’s Joint Prepackaged Chapter 11 Plan of Reorganization [Docket No. 1955]. The Court order summarized the rights of claim holders as follows, “Holders of Claims in Voting Classes were eligible to vote…