PHF, Inc.

  1. 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.

  2. 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.

  3. 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.

  4. 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."

  5. 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.

  6. 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.

  7. 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.