June 30, 2023
Furniture wholesaler Nielsen & Bainbridge LLC obtained the confirmation of its Chapter 11 plan and disclosure statement from a Texas bankruptcy court Friday, despite the objections of a holdout creditor.
June 27, 2023
The debtor-in-possession lender and unsecured creditors' committee in Nielsen & Bainbridge LLC's Chapter 11 case have asked a Texas bankruptcy judge to reject a motion by a rejected DIP lender for a superpriority adequate protection claim for its prepetition debt, saying the loan documents don't give it the right to make the claim.
February 09, 2023
Home decor and framing supply company Nielsen & Bainbridge LLC has filed for Chapter 11 protection in a Texas bankruptcy court with more than $495 million in debt and a nearly $118 million stalking horse credit bid for the company.