The upcoming bankruptcy week: July 19, 2021
- Law firms
- Related documents
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(Reuters) – Here is a look at some upcoming events of interest to the bankruptcy law community. Unless otherwise specified, all times are local and court appearances are virtual due to the COVID-19 pandemic.
Monday July 19
1:30 p.m. – Construction start-up Katerra Inc, backed by SoftBank, will seek final approval to access a $ 35 million loan, also provided by SoftBank, to fund its operations in the event of bankruptcy. The company filed for Chapter 11 protection in June with $ 1.55 billion in debt.
The case is In re Katerra Inc, US Bankruptcy Court, Southern District of Texas, No. 21-31861. For Katerra: Joshua Sussberg from Kirkland & Ellis. For SoftBank: Alfredo Perez from Weil Gotshal & Manges.
Tuesday July 20
10 a.m. – Women’s clothing retailer Francesca’s Holdings Corp will seek approval of its liquidation plan following the sale of its assets for $ 27 million in January to TerraMar Capital LLC and Tiger Capital Group LLC. The plan terminates the business and distributes the proceeds of the sale to creditors.
The case is In re Francesca’s Holdings Corporation, United States Bankruptcy Court, District of Delaware, No. 20-13076. For Francesca’s: Maria DiConza from O’Melveny & Myers.
Wednesday July 21
3:30 p.m. – OFS International Oilfield Maintenance Officer will seek approval to pay 47 employees up to $ 809,163 in retention bonuses. The company filed for bankruptcy in May in an attempt to recover $ 10 million it paid to buy back shares in 2019.
The case is In re OFS International LLC, US Bankruptcy Court, Southern District of Texas, No. 21-31784. For OFS: Joshua Wolfshohl of Porter Hedges.
Thursday July 22
3:00 p.m. – Fast-fashion retailer Forever 21 will seek approval to solicit creditors votes for its proposed liquidation plan. The company was sold for $ 81 million in early 2020. Unsecured creditors owed around $ 500 million are expected to see collections of Less than 1%.
The case is In re Forever 21, Inc., US Bankruptcy Court, District of Delaware, No. 19-12122. For Forever 21: Joshua Sussberg of Kirkland & Ellis.
friday 23 july
3 p.m. – The Bouchard Transport oil barge company will seek approval for the sale of its assets. An auction is scheduled for July 19. An attorney for the company said in June it had received “strong interest” from potential buyers.
The case is In re Bouchard Transportation Co Inc, US Bankruptcy Court, Southern District of Texas, No. 20-34682. For Bouchard: Christine Okike from Kirkland & Ellis.
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