February 13, 2017
A Chinese private equity company won approval Monday to purchase bankrupt membership buying service DirectBuy Holdings Inc., with an 11th-hour offer that headed off a potential Delaware court dispute over an insider-controlled acquisition.
February 07, 2017
The U.S. trustee objected on Monday to the sales plan of bankrupt membership buying service DirectBuy Holdings Inc., telling the Delaware bankruptcy court too much information is being kept confidential.
February 01, 2017
The issuer of surety bonds on behalf of bankrupt membership buying service DirectBuy Holdings Inc. objected to the company's proposed bidding procedures Tuesday in Delaware, saying its plan to assign the surety's cash collateral agreement won't fly.
November 28, 2016
Insurance headaches clouded a peaceful resolution Monday of most disputes over membership buying service DirectBuy Holdings Inc.'s plans for a Delaware bankruptcy auction in January, with the company scrambling to head off policy lapses and coverage gaps.
November 22, 2016
The proposed bidding procedures governing a Chapter 11 auction of the assets of DirectBuy Holdings Inc. drew fire Tuesday from the unsecured creditors committee and U.S. trustee, who say the plan unfairly favors equity holders.
November 03, 2016
Membership buying service DirectBuy Holdings Inc. received Delaware bankruptcy court approval Thursday to gain access to its lenders' cash collateral on a consensual basis and to use the money to fund its operations while it pursues a sale of its assets.