RoomStore is seeking permission from the U.S. Bankruptcy Court in the Eastern District of Virginia to sell off its 65% stake in Mattress Discounters, a Furniture Today article said. The company is looking to hire investment banking firm Northeast Securities to put the deal in motion.

NBC Acquisition and its subsidiaries, including Nebraska Book Company, announced that the Honorable Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware confirmed the company’s Third Amended Joint Plan of Reorganization on May 30, 2012. The company expects to emerge from Chapter 11 in mid-June 2012.

Blue Raven Technology has entered into an agreement to sell substantially all its assets to Leading Ridge Capital Partners. In connection, Blue Raven Technology voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court in Massachusetts.

Avenue Stores, which operates the Avenue brand of women’s fashion apparel, began the process to close 96 stores over the next three months.

Star Buffet announced that the U.S. Bankruptcy Court for the District of Arizona approved the disclosure statement filed in connection with the company’s proposed First Amended Joint Plan of Reorganization.

The international law firm of Dewey & LeBoeuf announced that in an effort to preserve assets and wind down its business in the most orderly and efficient way possible, it has filed for protection under Chapter 11.

Catalyst Paper announced it did not receive the necessary creditor approval for its amended plan of arrangement under the Companies’ Creditors Arrangement Act.

BusinessWeek reported that Houghton Mifflin Harcourt Publishing received conditional permission from U.S. Bankruptcy Judge Robert Gerber in the U.S. Bankruptcy Court in the Southern District of New York to use $400 million of its $500 million DIP financing provided by Citigroup.

Reddy Ice Holdings announced that the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division confirmed its first amended joint plan of reorganization.

Houghton Mifflin Harcourt Publishing announced on its website that it has officially filed for Chapter 11 protection in the U.S. bankruptcy court in the Southern District of New York.