Verengo, Inc., a well-known installer of residential solar power systems, filed for Ch. 11 in the United States Bankruptcy Court for the District of Delaware (Case No. 16-12098).  Verengo attributes its filing to quality issues with its former operations in the eastern United States.  Despite selling its northeast operations to NRG Energy, Inc. and restructuring its remaining lines of business, Verengo is unable to service its current debts.  Verengo indicates that it will pursue a sale under 11 U.S.C. 363(c).  Crius Solar Fulfillment, the proposed DIP Lender, is also the proposed stalking horse.  The petition (including the consolidated list of top 20 creditors), the first day declaration and the docket are available through Upshot Services LLC.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Upcoming Committee Formation Meeting: Thursday, September 29, 2016, 10:00 a.m.

Case Name: Delivery Agent, Inc.
Case Number: 16-12051 (LSS)

Location: The DoubleTree Hotel, 700 King Street, Salon C, Wilmington, DE 19801

The petition (including the consolidated list of the top 30 creditors), the first day declaration and the docket are available through Epiq.

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Upcoming Committee Formation Meeting:  Tuesday, September 27, 2016, 2:00PM

Case Name:  NJOY, Inc.
Case Number: 16-12076 (CSS)

Location: Office of the US Trustee, 844 King Street, Room 2112, Wilmington, DE 19801

The petition (including the list of the top 20 creditors), the first day declaration and the docket can be obtained through Upshot Services.

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Upcoming Committee Formation Meeting:  Friday, September 23, 2016, 10:30AM

Case Name:  Golfsmith International Holdings, Inc. et al.
Case Number: 16-12033 (CSS)

Location: The Double Tree Hotel, 700 King St., Wilmington, DE 19801

The petitions (including the consolidated list of top 30 creditors), the first day declaration and the docket are available through Prime Clerk.

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

NJOY, Inc., an e-cigarette and vaping company headquartered in Scottsdale, Arizona, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware (Case No. 16-12076). The petition (including the list of the top 20 creditors), the first day declaration and the docket can be obtained through Upshot Services.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Noble Environmental Power, LLC, and several of its affiliates filed for Chapter 11 protection in the Bankruptcy Court for the District of Delaware (Lead Case No. 16-12055).  Noble, a renewable energy company that owns and operates wind generation assets in New York and Texas, has its principal place of business in Centerbrook, Connecticut.  According to the Debtor’s first day affidavit, downward trends in energy prices have made its debt obligations untenable, leading to the commencement of this case.  The Debtor enters bankruptcy having already negotiated a Plan Support Agreement with its secured lender, Paragon Noble, LLC.  The Plan Support Agreement contemplates a Plan that will reduced the Debtor’s secured debt by 10%, extend the maturity of its remaining debt by five years, and reduce the rate of interest on its debt to the applicable federal rate.  The Plan will result in Paragon Noble owning 100% of the equity in the reorganized Debtor.  The Debtor has also filed a motion to retain American Legal Claim Services, LLC as claims agent.  The Debtor’s first day filings are not yet available through American Legal Claim Services.  The Debtor’s Petition may be found here and includes a list of the fifteen largest unsecured claims against the Debtor.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Delivery Agent, Inc., a provider of one of the leading and most advanced entertainment platforms to monetize entertainment content based in San Francisco, CA, and three of its affiliates have filed for chapter 11 bankruptcy protection before the United States Bankruptcy Court for the District of Delaware (Main Case No. 16-12051).  According to the debtors, a failed IPO and the acquisition of The Band, Inc., a media agency based in Denver, whose operations were subsequently discontinued, have, among other things, led to the debtors’ bankruptcy filings. The debtors indicate that they have entered into an asset purchase agreement with Hillair Capital Management LLC as the stalking horse bidder and the proposed debtor-in-possession lender and have filed motions seeking authority to sell their assets and obtain financing.

The petition (including the consolidated list of the top 30 creditors), the first day declaration and the docket are available through Epiq.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Golfsmith International Holdings, Inc., a golf clothing and equipment retailer based in Austin, Texas, and twelve of its affiliates have filed for chapter 11 bankruptcy protection before the United States Bankruptcy Court for the District of Delaware (Main Case No. 16-12033).  The case has been assigned to the Honorable Christopher S. Sontchi. According to the debtors, changes in consumer behavior and shifting trends in the retail industry in general have led to the commencement of these chapter 11 cases. The debtors indicate that they have entered into a restructuring support agreement with the senior secured lender but have also filed a motion to sell substantially all of their assets. The petitions (including the consolidated list of top 30 creditors), the first day declaration and the docket are available through Prime Clerk.

Cole Schotz P.C. does not represent the debtors.

 

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

ScripsAmerica, Inc. (OTCBB: SCRC) has filed a chapter 11 petition before the United States Bankruptcy Court for the District of Delaware (Case No. 16-11991).  The case has been assigned to the Honorable Laurie Selber Silverstein.  The debtor is a provider of pharmaceutical supply chain management services headquartered in Clifton, New Jersey.  According to the debtor, the filing is in response to the cessation of its main business line and ongoing litigation in California.  The petition (including the list of top 20 creditors) and first day declaration are provided.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

Francisco Javier Gaxiola Fernández, the foreign representative of Altos Hornos de México, S.A.B. de C.V. (the “Debtor”) in a proceeding under Mexico’s Bankruptcy and Suspension of Payments law pending before the First Civil Court of First Instance for the Judicial District of Monclova, Coahuila, Mexico (the “Mexican Court”) has filed a chapter 15 petition on behalf of the Debtor before the United States Bankruptcy Court for the District of Delaware (Case No. 16-11890).  The case has been assigned to the Honorable Kevin Gross.  The Debtor is an integrated steel producer located in Mexico.  The chapter 15 proceeding has been filed in support of a plan approved by the Mexican Court.  The chapter 15 petition, verified petition for recognition (without exhibits) and declaration of the foreign representative in support of the chapter 15 petition (without exhibits) are provided.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.