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Mealeys

MLex

FBI Wind Down, Inc.

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Case overview

Case Number:

1:13-bk-12329

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. August 21, 2015

    Furniture Brands Trustee Launches Clawback Campaign

    The liquidation trustee for Furniture Brands International Inc. has launched nearly 100 so-called avoidance actions looking to claw back at least part of roughly $35 million in payments and transfers the home furnishing company made shortly before filing for Chapter 11 protection.

  2. July 20, 2015

    Bankrupt Furniture Brands Reaches $6M Deal With EPA

    A Delaware federal bankruptcy judge has approved a settlement between defunct furniture brand Furniture Brands International Inc. and the U.S. Environmental Protection Agency, granting the EPA a $6 million fixed, general unsecured claim against the FBI Wind Down Inc. bankruptcy estate for its landfill remediation and monitoring claims.

  3. July 14, 2014

    Bankrupt Furniture Brands Gets Nod For Ch. 11 Plan

    A Delaware bankruptcy judge on Monday blessed the Furniture Brands International Inc.'s Chapter 11 liquidating plan, allowing the estate to dole out the proceeds of the company's $280 million asset sale.

  4. July 03, 2014

    IRS Says Ch. 11 Plan Lets Furniture Brands Skirt Tax Debt

    The Internal Revenue Service on Thursday filed an objection to Furniture Brands International Inc.'s estate's liquidation plan in Delaware bankruptcy court, saying it violates the law by allowing the company to escape its tax debts.

  5. May 29, 2014

    Furniture Brands Wins OK To Solicit Creditors On Ch. 11 Plan

    A Delaware bankruptcy judge gave the green light Thursday to the Furniture Brands International Inc. estate's disclosure statement, allowing the debtor to solicit creditors on a Chapter 11 plan that promises a higher recovery for unsecured claims from a settlement the debtor struck with the Pension Benefit Guaranty Corp.

  6. November 22, 2013

    Furniture Brands Wins Court Approval For $280M KPS Deal

    A Delaware bankruptcy judge on Friday blessed the $280 million sale of Furniture Brands International Inc. to private-equity firm KPS Capital Partners LP, rejecting an investment fund's objection that an accelerated sale process had left a rival suitor out in the cold.

  7. October 11, 2013

    Furniture Brands Gets Nod For $140M DIP, Employee Bonuses

    A Delaware bankruptcy judge gave final approval for Furniture Brands International Inc.'s $140 million post-petition loan Friday from KPS Capital Partners LP and allowed the debtor to dole out millions of dollars in executive and employee bonuses, despite the objections of the U.S. Trustee.

  8. October 09, 2013

    Trustee Slams Furniture Brands' Employee Incentive Plan

    A U.S. trustee in Delaware bankruptcy court Wednesday objected to a Furniture Brands International Inc. employee incentive and retention plan, saying the company hasn't proved payments made under the plan meet Bankruptcy Code regulations.

  9. October 02, 2013

    KPS' $280M Stalking Horse Bid For Furniture Brands OK'd

    A Delaware bankruptcy judge on Wednesday allowed Furniture Brands International Inc. to swap in KPS Capital Partners as its new stalking horse with a $280 million bid over Oaktree Capital Management's $260 million offer, and gave the interim nod permitting KPS to be the new post-petition lender.

  10. September 30, 2013

    Furniture Brands' Creditors Argue For $280M KPS Bid

    The creditors committee for the Furniture Brands International Inc. bankruptcy on Monday blasted the debtor's choice of a revised stalking horse bid from Oaktree Capital Management that pushed the auction floor up to $260 million, arguing a $280 million bid from KPS Capital Partners LP is the better choice.