The U.S. Bankruptcy Court approved, on an interim basis, Furniture Brands’ motion to (i) (a) obtain post-petition financing on a super-priority, senior secured basis, (b) use cash collateral, (c) repay the pre-petition revolver in full; (ii) granting adequate protection to certain pre-petition lenders; (iii) modifying the automatic stay and (iv) scheduling a final hearing. According…

The U.S. Bankruptcy Court approved Maxcom Telecomunicaciones’ Disclosure Statement and concurrently confirmed its First Amended Joint Plan of Reorganization. Under the Plan, subject to the conditions set forth in the recapitalization agreement and the restructuring and support agreement, Maxcom Telecomunicaciones will complete a recapitalization and debt restructuring that is expected to significantly reduce its debt…

Ames Department Stores filed with the U.S. Bankruptcy Court a Modified Second Amended Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “The Plan is a straightforward mechanism for liquidating the Debtors’ Assets. Under the Plan, an initial Distribution will occur on the Effective Date or as soon as practicable thereafter to…

Cengage Learning filed with the U.S. Bankruptcy Court a motion for entry of an order (a) approving appointment of a mediator and scheduling mediation in connection with confirmation of the Debtors’ Plan, (b) scheduling certain hearing dates and deadlines in connection with confirmation of the Debtors’ Plan and (c) scheduling certain hearing dates and deadlines…

Furniture Brands International (fka Interco) and certain of its wholly-owned subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 13-12329. The Company, which designs, manufactures, sources and retails home furnishings, is represented by M. Blake Cleary of Young Conaway Stargatt & Taylor. Furniture Brands International…

Cengage Learning filed with the U.S. Bankruptcy Court an objection to its official committee of unsecured creditors’ motion for an order continuing the hearings to consider both the Debtors’ Disclosure Statement and Plan of Reorganization. The objection states, “The Debtors object to the Committee’s request to adjourn the hearing on the Disclosure Statement to October…

The U.S. Bankruptcy Court approved Mercantile Bancorp’s official committee of trust preferred securities holders’ motions to retain Kirkland & Ellis as attorney and Klehr Harrison Harvey Branzburg as co-counsel. Kirkland & Ellis will be compensated at the following hourly rates: partner at $655 to 1,150, of counsel at 450 to 1,150, associate at 430 to…

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