Ames Department Stores filed with the U.S. Bankruptcy Court 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 satisfy Allowed…

Multiple parties – including Cengage Learning’s ad hoc group of first lien lenders, JPMorgan Chase Bank and Wilmington Trust, National Association – filed with the U.S. Bankruptcy Court statements in connection with Cengage Learning’s official committee of unsecured creditors motion seeking an order continuing the hearings concerning approval of the Debtors’ Disclosure statement and confirmation…

Maxcom Telecomunicaciones filed with the U.S. Bankruptcy Court a Supplement for its Joint Plan of Reorganization. The Supplement contains the following documents: Exhibit A: new corporate governance documents, Exhibit B: list of rejected executory contracts and unexpired leases, Exhibit C: list of retained causes of action, Exhibit D: management incentive program, Exhibit E: identification of…

The U.S. Bankruptcy Court approved Vertis Holdings’ motion to enter into a settlement agreement between Vertis Holdings and the ACE Companies, pursuant to Bankruptcy Rule 9019(a), and authorizing, pursuant to Sections 105 and 363 of the Bankruptcy Code, entry into a certain loss portfolio transfer agreement and the purchase of a certain contractual liability policy….

Eastman Kodak’s First Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on August 21, 2013. Company chairman and chief executive officer, Antonio M. Perez, comments, “We have emerged as a technology company serving imaging for business markets – including packaging, functional…

The U.S. Bankruptcy Court approved Anchor BanCorp Wisconsin’s Disclosure Statement and concurrently confirmed its Chapter 11 Plan of Reorganization. According to the documents filed with the Court, “Pursuant to the Plan, the Company will discharge its senior secured credit facility with approximately $183 million in outstanding obligations for a cash payment of $49 million. In…

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