Statute
Chapter 11
1,295 published works
Real Bankruptcy Intel
Settled or Not? Town Sports Challenges Settlement it Purportedly Entered into with New York Attorney General
By Samuel R. Rabuck, Sean T. Scott, Aaron Gavant
On March 10, 2021, the parent company of sports club and gym-operator Town Sports International, LLC, filed a motion seeking to set aside a purported $250,000 settlement agreement between Town…
Restructuring Globalview
Equitable Mootness Strikes Again: The Near Impossibility of Challenging a Debtor’s Critical Vendor Decisions
Although debtors who file for Chapter 11 bankruptcy generally cannot pay prepetition debts until a plan which complies with the “absolute priority rule” is confirmed, there are a number of…
Delaware Bankruptcy Blog
Nine Point Energy Files for Chapter 11 Bankruptcy Protection in Delaware
By Carl D. Neff
Another energy company has succumbed to bankruptcy in the wake of the Covid-19 pandemic. Nine Point Energy Holdings, Inc., a private exploration & production company focused on the Williston Basin,…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Nine Point Energy Holdings, Inc.
By Cole Schotz
On March 15, 2021, Nine Point Energy Holdings, Inc., a Denver-based private exploration & production company focused on the Williston Basin, and its affiliate Foxtrot Resources LLC, filed for chapter…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – HighPoint Resources Corporation
By Cole Schotz
On March 14, 2021, HighPoint Resources Corporation and its affiliates, a Denver, Colorado based company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Retired-N-Fit, LLC bda Beyond Fifty Fitness
By Cole Schotz
On March 12, 2021, Retired-N-Fit, LLC bda Beyond Fifty Fitness, a Delaware fitness studio for adults ages 50 and beyond, filed a petition for relief under Subchapter V of Chapter 11…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Sundance Energy Inc.
By Cole Schotz
On March 9, 2021, Sundance Energy Inc. and certain affiliates, which operate an onshore independent oil and natural gas company headquartered in Denver, Colorado, filed petitions for relief under Chapter 11…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – SC SJ Holdings LLC
By Cole Schotz
On March 10, 2021, SC SJ Holdings LLC, the owner and former lessee of an 805-room hotel located in downtown San Jose, California, filed a petition for relief under Chapter 11…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Guiora LLC
By Cole Schotz
On March 10, 2021, Guiora LLC, the owner of a six-bed, 11,846 square-foot residential property located at 705 N. Alta Drive in Beverly Hills, California, filed a petition for relief under…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Two Guns Consulting & Construction, LLC
By Cole Schotz
On March 9, 2021, Two Guns Consulting & Construction, LLC, a consultant to the pipeline and facilities construction industry, filed a petition for relief under Subchapter V of Chapter 11…