Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern District of Illinois will convene a hearing on June 15, 2017, at 10:00 a.m. to consider bidding procedures proposed by Esplanade HL, LLC ("EHL") and its debtor-affiliates, in connection with the sale of 171 W. Belvidere Road, LLC's commercial real property in Round Lake, Illinois, to RL Commons, LLC or its designee or assignee for $1,440,000, subject to overbid.
Italy's flag carrier Alitalia, which is undergoing insolvency proceedings in Italy, filed a Chapter 15 bankruptcy petition in New York, in the United States, on June 12, 2017, and promptly sought and obtained a temporary restraining order against threats to terminate critical contracts in the U.S.
Boegel Farms, LLC, and Three Bo's, Inc., ask the U.S. Bankruptcy Court for the District of Kansas to extend the exclusive period to file a reorganization plan and disclosure statement to Sept. 21, 2017, and to extend by 90 days the exclusive period to to solicit plan acceptances.
Image Makers Automotive Land Holdings LLC is now a step closer to emerging from Chapter 11 protection after a bankruptcy judge approved the outline of its plan of reorganization.
The U.S. Bankruptcy Court for the District of Columbia has scheduled for July 5, 2017, at 2:00 p.m. the hearing to consider Terrace Manor, LLC's disclosure statement dated May 30, 2017, referring to the Debtor's plan of reorganization dated May 30, 2017.
bebe stores, inc., has entered into a $35 million loan agreement with GACP Finance CO, LLC, as administrative agent, and GACP I, L.P., as lender, to facilitate the closing of leasing arrangements with landlords.