Bruin E&P Partners LLC and its affiliates (“Bruin”), a Houston oil and gas company backed by private equity firm ArcLight, filed for Chapter 11 bankruptcy protection on July 16, 2020 in the Southern District of Texas. Like other companies in the oil & gas industry, the coronavirus pandemic has reduced global need for fuel and
Global Wi-Fi Provider Files for Bankruptcy in Delaware
Global Eagle Entertainment Inc. filed for bankruptcy in Delaware on Wednesday, July 22, 2020, becoming the latest travel-related bankruptcy during the pandemic. Global Eagle provides Wi-Fi services to airlines and ships, and plans to turn ownership over to Apollo Global Management Inc. and other lenders.
The debtors receive approximately a fifth of their revenue from
Face Masks Required in the Delaware District and Bankruptcy Courts
The United States District Court for the District of Delaware recently issued a Revised Standing Order Concerning the Use of Face Mask and Coverings in Public Areas of the District and Bankruptcy Court. Per the Revised Standing Order, court staff are required to wear a face mask when interacting with the public. Likewise, visitors
Muji USA Ltd. Files for Chapter 11 Bankruptcy Protection in Delaware
Muji USA Ltd., the U.S. division of the iconic Japanese home and goods fashion retailer, filed for Chapter 11 bankruptcy on July 10, 2020 in the United States Bankruptcy Court for the District of Delaware, with plans to reposition the brand’s e-commerce division.
Chapter 11 bankruptcy filings permit a struggling businesses to continue its operations
Seeking Relief from the Automatic Stay to Pursue a Personal Injury Claim
When a defendant in a personal injury lawsuit files for bankruptcy, the “drill” is familiar: a suggestion of bankruptcy is filed, the case is stayed, and no further action can be taken to liquidate the personal injury plaintiff’s claims until the automatic stay is lifted.
So how does a personal injury claimant go about lifting
Brooks Brothers Files for Bankruptcy in Delaware
Background on the Debtors
The iconic retail brand, Brooks Brothers, filed for Chapter 11 bankruptcy protection on Wednesday, July 8, 2020 in the Delaware Bankruptcy Court.
Founded in 1818, Brooks Brothers is one of the country’s oldest retailers. In light of the coronavirus, rent had become a significant burden for the retailer. To date, Brooks
Lucky Brand Files for Bankruptcy – Closes 13 Stores
Lucky Brand became the latest retailer to seek bankruptcy protection when it filed for chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on Friday, July 3rd. Lucky Brand joins J.Crew, Neiman Marcus and J.C. Penney, all of which filed for bankruptcy during the pandemic.
Matthew A. Kaness, Lucky Brand
Phase 1 Reopening Hearing Procedures Announced by Judge Owens
Judge Karen B. Owens recently released Phase 1 Reopening Hearing Procedures and General Reminders dated July 1, 2020 (the “Hearing Procedures”), which set forth: (i) the manner of hearings, (ii) certain procedures for in-person hearings, and (iii) general reminders.
According to the Hearing Procedures, hearings will be held telephonically via CourtCall. However, in certain circumstances
Delaware Bankruptcy Court Finds that Intellectual Property Was Not Conveyed to Purchaser of Debtors’ Assets Under Plan
In the recent decision of Automotive Coalition for Traffic Safety, Inc. v. Joyson Safety Systems Acquisition, LLC, et al., (In re: TK Holdings, Inc., et al.), (Bankr. D. Del. June 18, 2020), the Delaware Bankruptcy Court adjudicated ownership of certain patent rights (the “Patent Assets”) between Automotive Coalition for Traffic Safety (“ACTS”) and TK Holdings
Administrative Claim Regarding Mineral Rights Denied by Delaware Bankruptcy Court
In the recent decision of In re MTE Holdings, LLC, et al., Case No. 19-12269 (CSS) (Del. Bankr. June 8, 2020), the Delaware Bankruptcy Court determined whether a landowner that leases mineral rights to a debtor is entitled to an administrative claim against the debtor for accessing its land and installing a tank battery.