Upcoming Committee Formation Meeting: Tuesday, September 17, 2019

Case Name: 19-11973 (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.

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 counsel.

Upcoming Committee Formation Meeting: Monday, September 16, 2019

Case Name: 19-11938 (LSS)

Location: Office of the US Trustee 844 King Street, Room 3209 Wilmington, DE 19801

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

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 counsel.

On September 9, 2019, Fred’s Stores of Tennessee, Inc., along with seven of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11982-CSS). The Debtor reports assets and liabilities both in the range of $100,001-500,000, estimated creditors of between 200-999, and funds are presently expected to be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Christopher S. Sontchi.

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.

On September 6, 2019, Sugarfina, Inc., along with two of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11973-KBO). The Debtor reports assets and liabilities both in the range of $10-50 million, and funds are presently expected to be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Karen B. Owens.

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.

Upcoming Committee Formation Meeting: Tuesday, September 17, 2019

Case Name:19-11915 (BLS)

Location: Office of the US Trustee 844 King Street, Room 3209 Wilmington, DE 19801

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

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 counsel.

Upcoming Committee Formation Meeting: Wednesday, September 11, 2019

Case Name: 19-11899 and #19-11901 (KBO)

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.

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 counsel.

On September 4, 2019, uBiome, Inc. filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 19-11938). According to the accompanying Declaration, the company intends to utilize the Chapter 11 process to get a “fresh start under new management” and preserve approximately 100 jobs through a court-supervised sale process. The company is engaged in the business of DNA sequencing of gastro-intestinal microbes and the sale of products to consumers which enable them to access an analysis of the microbes present in their bodies, sometimes revealing gastro-intestinal disorders which might be alleviated by using the company’s suggestions. The company attributes its descent into Chapter 11 to questionable business decisions and alleged wrongdoing by the company’s founders.

The company reports assets between $50-100 million and liabilities between $10-50 million. It is presently expected that funds will be available for distribution to unsecured creditors. The case has been assigned to the Honorable Laurie Selber Silverstein.

 

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.

On August 30, 2019, RAIT Funding, LLC (f/k/a Taberna Funding LLC), along with six of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11915). According to the accompanying Declaration, the Debtors’ core business is commercial real estate lending. During the period from 2008-2018, the Debtors incurred approximately $1.468 billion in losses as a result of mortgage write-offs, asset write-downs, and losses on the sale of assets. After an earlier, unsuccessful sale process, the Debtors ultimately agreed to a stalking horse purchase agreement with Fortress Credit Advisors LLC on August 30, 2019.

The Debtors presently report assets valued at between $100-500 million and liabilities in the same range. Funds are expected to be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Brendan L. Shannon.

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.

On August 30, 2019, D.W.S., Inc. and its affiliate, The News Gazette, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (Lead Case No. 19-11899). The petition indicates that D.W.S. has assets valued between $1 million and $10 million, and has liabilities in the range of $10 million to $50 million.  The Debtors currently expect that funds will be available for distribution to unsecured creditors. The case has been assigned to the Honorable Karen B. Owens.

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.

Upcoming Committee Formation Meeting: Friday, September 6, 2019

Case Name: 19-11849 (JTD)

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.

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 counsel.