New Chapter 11 Filing – Peekay Acquisition, LLC

Peekay Acquisition, LLC, along with sixteen (16) of its affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-11722).  Headquartered in Auburn, Washington, Peekay is a leading specialty retailer of a broad selection of lingerie, sexual health and wellness products and accessories.  View Full Post
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New Delaware Chapter 15 Filing – Takata Corporation

Takata Corporation, a Japanese corporation, as well as two of its subsidiaries and affiliates have filed a petition for recognition of a foreign main proceeding in the Bankruptcy Court for the District of Delaware (Case No. 17-11713).  According to the statement of Takata Corporation as foreign representative, the Debtors currently in a Civil Rehabilitation Proceeding under the Civil Rehabilitation Act of Japan, Act No. View Full Post
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New Delaware Chapter 11 Filing- TerraVia Holdings, Inc.

TerraVia Holdings, Inc., a San Francisco-based specialty food company, and two of its affiliates have filed petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-11655).  According to the First Day Declaration, the Debtors are seeking a sale of substantially all of their assets during the course of the cases and enter Chapter 11 with a stalking horse bidder, Corbion N.V.  View Full Post
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New Delaware Chapter 11 Filing – Rent-a-Wreck of America, Inc.

Rent-A-Wreck of America, Inc., and its affiliate Bundy American, LLC have filed a chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 17-11592).  The privately-held Laurel, Maryland-based companies are in the business of selling and administering franchisees for the operation of vehicle rental, leasing, car sharing and rent-to-purchase, rent-to-own, lease-to-own and used vehicle sales under the “Rent-A-Wreck” and “The Smart Alternative” names.  View Full Post
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New Delaware Chapter 11 Filing – Prospector Offshore Drilling S.à R.l. (17-11572 – CSS)

Prospector Offshore Drilling S.à r.l., and 3 of its affiliates, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware (Lead Case No. 17-11572).  The entities are affiliates of the Paragon debtors that filed for chapter 11 on February 14, 2016.   View Full Post
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