Court Confirms Star Buffet’s Reorganization Plan
Star Buffet announced that the U.S. Bankruptcy Court for the District of Arizona entered an order confirming the company’s Second Amended Plan of Reorganization.
Star Buffet announced that the U.S. Bankruptcy Court for the District of Arizona entered an order confirming the company’s Second Amended Plan of Reorganization.
The Association of Insolvency and Restructuring Advisors announced the certification of Andrea Beirne as a Certified Insolvency and Restructuring Advisor. Beirne is a partner with KPMG in Chicago.
THQ entered into an Asset Purchase Agreement with a stalking-horse bidder, affiliates of Clearlake Capital Group, to acquire substantially all of the assets of THQ’s operating business. To facilitate the sale, THQ and its domestic business units filed for Chapter 11 in Delaware.
Eastman Kodak Company has completed a series of agreements that successfully monetizes its digital imaging patents. Google, Apple, Facebook, Amazon.com and others are part of the group purchasing the patents.
U.S. Bankruptcy Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York is allowing Kodak to lay out the terms of its $830 million interim and exit financing provided by company’s second lien noteholders, a Law360 article reported.
Johnson Controls filed an appeal in the U.S. Bankruptcy Court for the District of Delaware of the Dec. 11, 2012 sale order approving Wanxiang’s purchase of A123 Systems.
GE Capital, as agent for the pre-petition ABL lenders in the Hostess bankruptcy case, filed a motion in the bankruptcy court objecting to the use of the funds that will result from the hiring of a group of Hilco-related companies as consulting and marketing agents and post-petition lender.
The U.S. Bankruptcy Court for the District of Delaware has confirmed NewPage’s Chapter 11 Plan. The plan was accepted by the overwhelming majority of creditors. The company will now proceed to close on the restructuring transactions contemplated by the plan.
Tiger Group’s Remarketing Services division is auctioning more than 600 lithographs and prints, as well as over 200 figurines and sculptures in an online auction of the former assets of B&R Art Gallery. The company filed for bankruptcy in October.
Hostess Brands’ assets are attracting a barrage of bidders – more than two dozen, Bloomberg reported, including Wal-Mart Stores, Kroger Co., Grupo Bimbo and Alpha Baking.