The U.S. Bankruptcy Court granted final approval to Quadrant 4 Systems’ post-petition financing motion. As previously reported, “This Motion seeks authority for the Debtor to obtain new financing on a revolving basis that will have a maximum borrowing limit of $900,000, will bear interest at the ‘Base Rate’ plus 5.5%, and will be secured by…

Soupman filed with the U.S. Bankruptcy Court an emergency motion for entry of an order to re-open and supplement the record with respect to the Debtors’ previously-filed motion to approve the sale of substantially all of the Debtors’ assets. The motion explains, “Shortly after the Petition Date, the Debtors filed the Sale Motion, seeking to…

Caesars Entertainment Operating Company (CEOC) filed with the U.S. Bankruptcy Court a motion to approve a compromise or settlement, per Rule 9019, between CEOC and the State of Mississippi. The motion explains, “The ‘in lieu’ assessment payments claimed by Mississippi as administrative expense claims for years 2016, 2017, and 2018, in aggregate, amount to no…

Multiple parties – including creditors IRA Capital Advisors, SCG Capital, MBH Mesquite, MBH Newco, Huntington National Bank and Chandler Signs – filed with the U.S. Bankruptcy Court separate objections to Adeptus Health’s Second Amended Joint Plan of Reorganization. IRA Capital Advisors asserts, “Assumption of the IRA Capital Leases under the Plan must not only cure…

The U.S. Bankruptcy Court approved Energy Future Holdings’ (EFH) Disclosure Statement related to the First Amended Joint Plan of Reorganization, filed by EFH and Energy Future Intermediate Holdings (EFIH). As previously reported, “The Plan constitutes a separate plan of reorganization for each of the EFH/EFIH Debtors. Additionally, the Plan provides for the following key transactions…

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