On Friday, January 14, 2022, BH Cosmetics Holdings LLC, a beauty brand based in North Hollywood, California filed a petition for chapter 11 relief in the Bankruptcy Court for the District of Delaware (Lead Case No. 22-10050.  BH Cosmetics specializes in clean, vegan, and cruelty-free cosmetics and beauty products sold via ecommerce channels and wholesale.  The company estimates $50 million to $100 million in both assets and liabilities.  As set forth in greater detail in the First Day Declaration, the debtors intend to pursue a sale of “a substantial portion” of the debtors’ assets (including certain unexpired contracts and a majority of inventory and intellectual property) to stalking horse purchaser RBI Acquisition Holdings LLC for $4.3 million.

Cole Schotz does not represent the Debtors in these cases.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On January 14, 2021, American Eagle Delaware Holding Company LLC d/b/a Eagle Senior Living, owners of 15 independent living, assisted living and memory care facilities in seven states, along with its subsidiaries filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10028).  The company reports $10 million to $50 million in both assets and liabilities.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On January 11, 2021, Seadrill New Finance Limited (“NSNCo”), issuer of Seadrill secured notes due 2025, and several affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 22-90001).  According to the first day declaration, the proposed one-day prepackaged case is the final component of the broader Seadrill Group’s comprehensive restructuring efforts.  The first day declaration further states the plan is supported by approximately 99.99 percent of voting creditors by amount and NSNCo’s sole shareholder, Seadrill Investment Holding Company Limited.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.”

“On December 17, 2021, Tokyo-based specialty purpose vehicles JPA No. 111 Co., Ltd. and ​​JPA No. 49 Co., Ltd. formed to acquire and lease Airbus A350 aircraft, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-12075).  The company reports $100 to $500 million in both assets and liabilities. The First Day Declaration states the Debtors were forced to file these Chapter 11 Cases because their senior mortgage holder, FitzWalter Capital Partners Limited, is engaging in an out-of-sight foreclosure of the Debtors’ assets with the singular goal of cashing out their claims without concern for junior creditors or equity holders. The Debtors believe there is sufficient value to provide a return to all creditors and a distribution to certain investors if the Debtors’ assets are sold pursuant to an organized and transparent process before the Court.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 13, 2021, T.W. LaQuay Marine, LLC a Texas-based freight transporter on all inland waterways, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-60101).  The company reports $10 to $50 million in both assets and liabilities.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 14, 2021, All Year Holdings Limited, a Brooklyn-based real estate development, construction, acquisition, leasing and management firm, owned by Yoel Goldman, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-12051).  The bankruptcy filing comes on the heels of the company discovering a $37.8 million confession of judgment was entered by Goldman, the sole shareholder and founder, without the board’s approval.  The company reports $1 to $10 billion in both assets and liabilities.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 6, 2021, Strike, LLC of Woodlands, TX filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-90054) along with several affiliates.  In a press release, the company announced that it had entered into an asset purchase agreement for the sale of substantially all assets with affiliates of American Industrial Partners, the “company’s largest debtholder,” as stalking horse. American Industrial Partners has also committed approximately $29 million in DIP financing, according to the press release. The company reports $100 million to $500 million in both assets and liabilities.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On November 16, 2021, Riverbed Technology, Inc., an information technology company headquartered in San Francisco, along with various affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-11503).  The company reports $1 billion to $10 billion in both assets and liabilities.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On November 17, 2021, Alto Maipo SpA, a Chile-based run-of-the-river project, which uses the natural flow of a river to generate electricity without the construction of a dam, along with subsidiary Alto Maipo Delaware LLC,  filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-11507).  The company reports $1 billion to $10 billion in both assets and liabilities.  According to the board minutes attached to the petition, the Debtors have obtained a DIP financing commitment from AES Andes, an indirect parent company of the Debtors, for a credit facility up to $50 million.  A press release characterizes the filing as Pre-Arranged after agreement was reached among creditors although according to the board minutes the company and its lenders have not reached an agreement on definitive terms of a restructuring support agreement.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On November 11, 2021, Carlson Travel, Inc. of Minnetonka, MN filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-90017). Carlson Travel is a business travel management company offering traveler care, travel management, consulting, and booking services. Their combined first day, disclosure statement approval and plan confirmation hearing is scheduled for today, Friday, November 12. The company reports $1 to $10 billion in both assets and liabilities.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.