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FOX VALLEY PRO: Reorganization Plan Has Liquidation Option

Fox Valley Pro Basketball, Inc., submitted a Chapter 11 Plan and a Disclosure Statement. The COVID-19 Coronavirus Pandemic has hit the entertainment and sports businesses particularly hard, including the Debtor’s business. The Debtor suspended its operations in early March 2020. March and April 2020 were projected to be the Debtor’s first profitable months because it…

VIDANGEL INC: Studios Object to Trustee’s Amended Disclosures

Disney Enterprises, Inc., Lucasfilm Ltd. LLC, Twentieth Century Fox Film Corporation, Warner Bros. Entertainment Inc., MVL Film Finance LLC, New Line Productions, Inc. and Turner Entertainment Co. object to the Trustee’s Second Amended Disclosure Statement, and request that the Court deny the Motion for Approval. The Studios argue that approval should be denied for these…

CREATIVE HAIRDRESSERS: U.S. Trustee Appoints Creditors’ Committee

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a committee to represent unsecured creditors in the Chapter 11 cases of Creative Hairdressers, Inc. and Ratner Companies, L.C. The committee members are: 1. Regency Centers, L.P. Ernst Bell, Esquire Associate General Counsel Vice President Legal One Independent Drive, Suite 114 Jacksonville, Florida 32202 2.…

WALDEN PALMS: Unsecured Creditors to Get Full Payment in 1 Year

Debtor Walden Palms Condominium Association, Inc., filed with the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, a Plan of Reorganization and a Disclosure Statement dated April 10, 2020. The Plan provides for Effective Date Distributions totaling approximately $348,700, comprised of no more than $100,000 to the City of Orlando, $13,000 in…

QUORUM HEALTH: Unsecureds Owed $260M Unimpaired in Plan

Quorum Health Corporation and certain of its direct and indirect subsidiaries field a Disclosure Statement in support of their Joint Prepackaged Chapter 11 Plan of Reorganization. The restructuring transactions under the Plan provide for a comprehensive restructuring of claims against and interests in the Debtors, de-leverage the Company’s capital structure, preserve the going-concern value of…