BKY Cases and Plans

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June 1, 2015
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Plan Administrator Files Final Accounting of Former Retailer Mervyn’s Bankruptcy

Breaking News Alerts from Chapter11Dockets.com


Mary Alice Stopyra of Wilmington Trust, National Association, in her role as the plan administrator under the First Amended Joint Plan of Liquidation of Mervyn’s Holdings, LLC; Mervyn’s LLC; and Mervyn’s Brands, LLC has filed a final accounting of the bankruptcy cases.  Prior to liquidating during the chapter 11 bankruptcy cases, Mervyn’s was a mid-level department store chain.  At one point, the chain had nearly 200 stores. According to the report, secured and priority claims against the Mervyn's companies were paid...

May 14, 2015
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Bankruptcy Judge Thomas Agresti Rejects Joint Administration in Erie Hockey Cases

Breaking News Alerts from Chapter11Dockets.com


In a brief order expressing a surprising view of the commonplace entry of joint administration orders in chapter 11 bankruptcy cases, a Pennsylvania bankruptcy court judge rejected entry of such an order in a recent case.  For those unfamiliar, Bankruptcy Rule 1015 provides that if two or more petitions are pending in the same court involving a debtor and an affiliate "the court may order a joint administration of the estates." In the order, bankruptcy judge Thomas...

March 9, 2015
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RECOMMENDED READING: The Investor’s End Game in Chapter 11

From the Editorial Staff of Commercial Bankruptcy Investor


In "Restructurings and Distressed Investing,"[1] James Inness and John Houghton of Latham & Watkins explain that an investor’s return depends upon the debtor making appropriate operational, financial and corporate alterations – of course – but also upon the investor conserving its power to effect such changes (usually in concert with other constituents) according to a realistic time horizon conceived at the outset of the case. Even as substantial operational changes are executed, an investor must attend...

February 10, 2015
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Liquidation Trust Created in TOUSA, Inc. Bankruptcy Files Annual Report

Breaking News Alerts from Chapter11Dockets.com


The Liquidation Trust which was created pursuant to the Amended Joint Plan of Liquidation of TOUSA, Inc. and Its Affiliated Debtors and Debtors in Possession Under Chapter 11 of the Bankruptcy Code filed its annual report for the year ended December 21, 2014 with the Southern District of Florida bankruptcy court yesterday.  TOUSA was one of the largest homebuilders to file for bankruptcy protection in the wake of the financial crisis.  When it filed for Chapter 11...

February 2, 2015
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Caesars Venue Battle Update: Delaware Court Issues 23-Page Written Opinion

Breaking News Alerts from Chapter11Dockets.com


In an update to last week's decision by Judge Gross in Delaware that the Caesars bankruptcy cases should proceed in Chicago (our post from last week is available here), Judge Gross today issued a 23-page written opinion.  The written opinion sets forth in detail his analysis of the venue issues before him and the basis for his ruling.  You can access a free copy of the opinion by clicking here.

December 18, 2014
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Ad Hoc Committee of Aereo Creditors Files 2019 Statement

Breaking News Alerts from Chapter11Dockets.com


Very recently, a group of creditors of bankrupt Aereo, Inc. referring to themselves as an ad hoc committee of unsecured creditors filed a verified statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure.  The ad hoc committee is represented by Robert T. Kugler and Edwin H. Caldie of law firm Stinson Leonard Street LLP and Edward E. Neiger and Marianna Udem of law firm ASK LLP.  According to the filing, the members of the ad hoc committee...

December 17, 2014
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Preparing for Potential Liquidation, Deb Stores Seeks Approval of Lease & Contract Rejection Procedures

Breaking News Alerts from Chapter11Dockets.com


Deb Stores Holding LLC today sought approval from the Delaware bankruptcy court for approval of procedures governing the rejection of executory contracts and unexpired leases.  The procedures are likely to be necessary unless a buyer interested in acquiring the retailer's assets to operate on a going-concern basis steps up and submits a bid in the very near future.  Deb Stores filed for bankruptcy protection on December 4th and quickly sought approval of bidding procedures to...

December 15, 2014
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LightSquared Inc. Files Monthly Operating Report for November

Breaking News Alerts from Chapter11Dockets.com


LightSquared Inc., the troubled satellite communications company which has been operating in bankruptcy since May 2012, filed its required Monthly Operating Report for the month of November 2014 this afternoon with the United States Bankruptcy Court for the Southern District of New York.  The company reported that its cash balance grew by nearly 50% during the month, although the increase was primarily the result of additional borrowings under its debtor-in-possession (DIP) financing facility. LightSquared also...

December 11, 2014
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Three-Member Creditors' Committee Appointed in Endeavour Operating Corporation Bankruptcy

Breaking News Alerts from Chapter11Dockets.com


This morning, the United States Trustee for Region 3 announced the appointment of a three-member Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy cases of Endeavour Operating Corporation and its affiliates.  This represents a change of course - on October 27, 2014, the US Trustee announced that a Creditors' Committee had not been appointed. The members of the Creditors' Committee are: Open Flow Gas Supply Corp. SM Energy Company SJ Exploration Endeavour is an oil...

December 9, 2014
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Liquidation Trustee Files Final Report in Nutritional Sourcing Corporation Bankruptcy Cases

Breaking News Alerts from Chapter11Dockets.com


This afternoon, JLL Consultants, Inc., in its role as liquidation trustee appointed pursuant to the First Amended Joint Plan of Liquidation of Nutritional Sourcing Corporation, Pueblo International, LLC, and FLBN, LLC, filed its Final Report summarizing the outcomes for creditors and other parties in the companies' bankruptcy cases.  The chart below provides the recoveries for creditors holding claims in the different classes set forth in the confirmed Plan of Liquidation. [caption id="attachment_4415" align="aligncenter" width="297"] Nutritional Sourcing Creditor Payouts...

December 9, 2014
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Energy Future Holdings Files Monthly Operating Report for October 2014

Breaking News Alerts from Chapter11Dockets.com


On Monday, Energy Future Holdings Corp. filed its Monthly Operating Report for October with the Delaware Bankruptcy Court.  The Monthly Operating Report, which companies operating under Chapter 11 bankruptcy protection are required to file, provides detailed financial information regarding the companies' performance during the monthly period and since the filing of their bankruptcy petitions.  Among the details included are: Consolidated Statement of Cash Flows Bank Reconciliations Schedules of Disbursements Schedule of Professional Fees & Expenses...



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