PHF, Inc.
Case Number:
1:23-bk-11235
Court:
Nature of Suit:
Firms
- Gellert Scali
- Greenberg Traurig
- Landis Rath
- Lowenstein Sandler
- Morris James
- Schulte Roth
- Sills Cummis
- Thompson Coburn
- Werb & Sullivan
- Whiteford Taylor
- Young Conaway
Companies
Sectors & Industries:
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March 27, 2024
'That's What Ch. 11 Is All About': Pegasus' Plan Gets OK
A Delaware bankruptcy judge on Wednesday gave a thumbs-up to pillow-maker Pegasus Home Fashions Inc.'s Chapter 11 plan, months after the company completed a sale to investment firm Blue Torch Capital.
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March 25, 2024
Pillow Co. Pegasus Touts Ch. 11 Plan After Blue Torch Sale
Pillow maker Pegasus Home Fashions Inc. told a Delaware bankruptcy court it should approve the company's reorganization plan so that it can set up a liquidation trust for the benefit of creditors and wind down its business.
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October 04, 2023
Pillow Co. Wants To Pad Key Employee Pay In Ch. 11 Case
Bankrupt pillow maker Pegasus Home Fashions has asked a Delaware judge to let it use nearly $803,000 to incentivize linchpin employees to stay with the company during its bankruptcy case.
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September 27, 2023
Pillow Co. Slashes Stalking Horse Fee That 'Shocked' Court
A Delaware bankruptcy judge said Wednesday that she would allow pillow-maker Pegasus Home Fashions Inc. to go ahead with a sale process for its assets after the company reduced expense reimbursements for its stalking horse to $100,000 from $1 million, an amount the judge said had "shocked the court."
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September 25, 2023
US Trustee Blasts $1M Expense Payment For Pegasus Bidder
The U.S. Trustee's Office is asking a Delaware bankruptcy judge to reject pillow maker Pegasus Home Fashions' request to offer its Chapter 11 stalking horse bidder $1 million in expense reimbursement, calling it an unnecessary obstacle to bidding.
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August 25, 2023
Lender Will Open Bankruptcy Auction For NJ Pillow Co.
Pegasus Home Fashions got court approval Friday to tap into $25 million of bankruptcy financing from Blue Torch Finance LLC, a prepetition lender that also agreed to kick off a bankruptcy auction for the New Jersey pillow maker's business.
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August 24, 2023
NJ Pillow Co. Files Ch. 11 With $81M Debt, Sale Plans
New Jersey-based pillow maker Pegasus Home Fashions filed for Chapter 11 protection in a Delaware bankruptcy court with over $81 million in debt, saying the company will be going up for sale within 75 days.