October 1, 2018 – Verity Health System of California requested a  Court order that would (i) approve the form of its Asset Purchase Agreement (the “Stalking Horse APA”) which designates Santa Clara County as the stalking horse bidder for two hospitals in Santa Clara County (ie Saint Louise Medical Center and O’Connor Medical Center, collectively,…

September 28, 2018 – Ranger Specialty Income Fund, LP (“Ranger Domestic”), Ranger Direct Lending Fund Trust (“Ranger Offshore”) and Ranger Alternative Management II, LP (collectively, “Ranger”), requested that the Court convert the Princeton Alternative Income Fund (“PAIF”) case from a Chapter 11 reorganization to Chapter 7 liquidation [Docket No. 335] and submitted a memorandum of…

September 28, 2018 – The U.S. Trustee assigned to the Thornburg Mortgage case requested Court approval of a settlement between the U.S. Trustee and RBS Defendants [Docket No. 2736].  The Trustee explains, “On April 30, 2011, the Trustee filed a Complaint (as amended on June 8, 2011) against the RBS Defendants and JPMorgan Chase Funding…

September 28, 2018 – Claire’s Stores filed with the U.S. Bankruptcy Court a monthly operating report for the period of August 5, 2018 through September 1, 2018 [Docket No. 1058]. For the period, the consolidated Debtors reported operating income of $10.7 million and a net loss of $277,814 on $119.8 million in net sales. The…

September 30, 2018 – Brookstone filed with the Court a notice of successful bid and next-highest bid for the Debtors’ equity interests in certain non-Debtor joint venture subsidiaries, IP assets, airport leases and certain JV equity interests (collectively, the “Going Concern Assets”) [Docket No. 466]. The Debtors state, “An Auction for the Going Concern Assets…including…

September 28, 2018 – The U.S. Department of Homeland Security, the U.S. Customs and Border Protection (“CBP”) and the U.S. Internal Revenue Service (“IRS”), filed an objection [Docket No. 835] to the Debtors’ Fourth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 726], citing (i) the Debtor’s failure to file its most recent tax…