The United States Bankruptcy Court for the District of Delaware issued an Order establishing Bar Dates for filing proofs of claim in Subchapter V Cases. The Bar Dates are set at the filing of the case for creditors and governmental units. The Bar Dates are 60 days and 180 days, respectively from the date of
Delaware District Court and Bankruptcy Court Move to Phase 2
On September 1, 2020, the United States District Court for the District of Delaware issued a Standing Order Re: Criminal and Civil Jury Selections; Jury Trial; and Transition to Phase 2. Per the Standing Order, the Delaware District Court will move into Phase 2 starting September 15, 2020, which permits the District Court to
RGN Bankruptcy Update; Debtors Move to Reject Commercial Lease
As reflected in the prior post, RGN Group Holdings, LLC, and various of its affiliates (“RGN” or the “Debtors”), which are subsidiaries of Regus, have filed for bankruptcy. As part of the first-day motions filed by the Debtors, RGN sought approval of proposed termination notification procedures, through its Motion to Approve Interim and Final
RGN Group Holdings Files for Chapter 11 Protection in Delaware; Seeks Approval of Lease Termination Notification Procedures
RGN Group Holdings LLC, and certain of its affiliates (“RGN” or the “Debtors”) filed voluntary Chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware on August 17, 2020.
According to court filings, the Debtors are subsidiaries of Regus Corporation, a Delaware corporation that, together with its affiliates offers a
Arandell Holdings, Inc. Files for Chapter 11 Relief in Delaware
Arandell Holdings, Inc. and its affiliated debtors (“Arandell” or the “Debtors”), a catalog printing services company, recently filed for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware.
According to the Declaration of Bradley J. Hoffman in Support of the Chapter 11 Petitions and First Day Motions
Delaware Bankruptcy Court Directs Parties to Refrain from Serving Paper Copies of Pleadings
Today, the United States Bankruptcy Court for the District of Delaware issued an Order Regarding Service Pursuant to Del. Bankr. L.R. 5005-4 and 9036-1, which directs parties not to serve hard copies of documents that are filed through the CM/ECF system. Citing the restrictions imposed by the pandemic and restricted access to regular places of
Bayou Steel Bankruptcy Update: Administrative Claims Bar Date Set
In October 2019, Bayou Steel BD Holdings, LLC, and its affiliated debtors (“Bayou Steel” or “Debtors”) filed for bankruptcy before the District of Delaware. By way of background, the company sought protection from creditors after a “severe lack in liquidity” led to a default on its senior secured debt. Bayou, which produces steel products like
Tonopah Solar Energy Files for Bankruptcy in Delaware
Tonopah Solar Energy LLC, the owner of a Nevada solar energy power plant, filed for bankruptcy on on July 30th before the United States Bankruptcy Court for the District of Delaware. According to its petition, the debtor has between $100 million and $500 million in liabilities.
Tonopah Solar Energy LLC still owes $425 million on
IMH Financial Corporation Files for Bankruptcy in Delaware
IMH Financial Corporation (“IMH” or the “Company”) has recently filed for chapter 11 bankruptcy protection before the United States Bankruptcy Court for the District of Delaware.
IMH is a real estate investment holding company with assets consisting of: (i) the MacArthur Place Hotel & Spa in Sonoma California, (ii) thousands of undeveloped acreage and related
Involuntary Bankruptcy Proceeding Filed Against SonoCiné, Inc.
On July 28, 2020, an involuntary bankruptcy petition was filed against SonoCiné, Inc., an imaging ultrasound company. A copy of the involuntary petition can be found here. According to the petition, Global Link Medical Group, Inc. possesses a claim against the debtor for over $1.5 million.
Under Section 303 of the Bankruptcy Code, a