Alno AG, a manufacturer and retailer of kitchen furniture headquartered in Pfullendorf, Germany, has filed a petition for relief under chapter 15 in the Bankruptcy Court for the District of Delaware (Case No. 18-12651).  According to the Declaration of the Foreign Representative, Alno commenced an insolvency proceeding on July 12, 2017, before the lower court of Hechingen, Baden-Wuerttemberg (File-No 10 IN 93/17).  The Declaration further explains that Alno has filed its chapter 15 petition in order to take discovery related to avoidance claims and to administer claims against Alno asserted by U.S.-based claimants.  Alno is seeking recognition of the German Proceeding as a foreign main proceeding under chapter 15 of the Bankruptcy Code.  No claims and noticing agent has been proposed.  The case has been assigned to the Honorable Kevin Gross.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Upcoming Committee Formation Meeting: Monday, November 26, 2018

Case Name: 18-12601 (BLS)

Location: Delaware State Bar Association 405 King Street, 2nd Floor, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

David’s Bridal, Inc., along with three affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12635).  The Debtors announced last week that they had entered into a restructuring support agreement with its term loan lenders, senior noteholders and equity-holders and would be filing a prepackaged plan of reorganization.  A First Day Declaration has not yet been filed.  The Debtors are seeking to have a combined hearing on approval of their disclosure statement and confirmation of their joint plan of reorganization on December 28, 2018.  Donlin Recano is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Laurie Selber Silverstein.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Oklahoma ProCure Management, LLC (dba ProCure Proton Therapy Center) has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12622).  ProCure, a cancer treatment center in Oklahoma City, Oklahoma, reports an estimated $10–$50 million in assets and $100–$500 million in liabilities.  Board resolutions attached to the Petition disclose that the Debtors intend to seek approval of DIP Financing provided by Allied Health Management, LLC and will pursue a sale of assets under section 363 of the Bankruptcy Code.  No claims and noticing agent has been proposed.  The case has been assigned to the Honorable Mary F. Walrath.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Lamington Road Designated Activity Company LLC (Case No. 18-12615) and its subsidiary, White Eagle General Partner, LLC (Case No. 18-12614), have filed petitions for relief under chapter 11 in the Bankruptcy Court for the District of Delaware.  Lamington Road, based in Dublin, Ireland, indirectly owns a 100% interest in the proceeds of certain life insurance policies acquired using $370 million in financing from Imperial Finance & Trading.  Markley Asset Portfolio is Lamington’s 100% equity holder.  The Petition further discloses that the fair value of the life insurance policies Lamington Road holds, according to a June 30, 2018 valuation, was approximately $568 million.  No other filings have been docketed.  The cases have been assigned to the Honorable Kevin Gross.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Starion Energy, Inc., along with two subsidiaries and affiliates, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12608).  Starion, headquartered in Middlebury, Connecticut, is a competitive retailer of electricity operating in eleven states.  According to the First Day Declaration, Starion has filed for chapter 11 relief because of a lack of working capital—litigation commenced against Starion by the Commonwealth of Massachusetts on October 15, 2018, has resulted in over $3.5 million of Starion’s funds being frozen pursuant to a preliminary injunction.  Starion has filed an petition for relief Adversary Complaint seeking turnover of the frozen funds.  No claims and noticing agent has been proposed. The cases have been assigned to the Honorable Mary F. Walrath.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Prescription Advisory Systems & Technology, Inc. (“PAST”), a medical technology and software company, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12601).  PAST, based in Jenkintown, PA, estimates its assets to be between $0 – $50,000 and its liabilities to be between $1–$10 million.  The Board Resolution attached to the Petition discloses that PAST is seeking approval of up to $125,000.00 in DIP Financing.  The First Day Declaration explains that PAST has filed in order to effectuate a balance sheet restructuring supported by a majority of its noteholders.  The case has been assigned to the Honorable Brendan Linehan Shannon.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Upcoming Committee Formation Meeting: Tuesday, November 13, 2018

Case Name: 18-12491 (CSS)

Location: The Doubletree Hotel, 700 King Street, Wilmington DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Upcoming Committee Formation Meeting: Thursday, November 15, 2018

Case Name: 18-12537 (MFW)

Location: Delaware State Bar Association 405 King Street, 2nd Floor, Wilmington DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

Upcoming Committee Formation Meeting: Friday, November 09, 2018

Case Name: 18-12439 (BLS)

Location: Delaware State Bar Association 405 King Street, 2nd Floor, Wilmington DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.