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
Delaware Bankruptcy Blog
Review of Bankruptcy Proceedings and Legal Developments in Delaware and Throughout the Country
The Delaware Bankruptcy Blog, published by Carl D. Neff, focuses on legal developments and practical issues arising in bankruptcy cases within Delaware courts. It covers topics such as stay relief negotiations, insurance coverage considerations in bankruptcy, late-filed claims and excusable neglect standards, preference actions and defenses, debtor asset sales and bidding procedures, and significant bankruptcy litigation outcomes. The blog addresses procedural and substantive bankruptcy law matters, including analysis of court decisions, strategic considerations for creditors and debtors, and the impact of bankruptcy on related litigation and claims resolution processes.
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RGN Group Holdings Files for Chapter 11 Protection in Delaware; Seeks Approval of Lease Termination Notification Procedures
By Carl D. Neff
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
According to court filings, the Debtors
…
Arandell Holdings, Inc. Files for Chapter 11 Relief in Delaware
By Carl D. Neff
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…
Delaware Bankruptcy Court Directs Parties to Refrain from Serving Paper Copies of Pleadings
By Carl D. Neff
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. …
Bayou Steel Bankruptcy Update: Administrative Claims Bar Date Set
By Carl D. Neff
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”…
Tonopah Solar Energy Files for Bankruptcy in Delaware
By Carl D. Neff
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…
IMH Financial Corporation Files for Bankruptcy in Delaware
By Carl D. Neff
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…
Involuntary Bankruptcy Proceeding Filed Against SonoCiné, Inc.
By Carl D. Neff
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…
Bruin E&P Partners Files for Chapter 11 Protection in Texas
By Carl D. Neff
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…
Global Wi-Fi Provider Files for Bankruptcy in Delaware
By Carl D. Neff
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…