February 14, 2024
The Chapter 7 trustee for dental care company SmileDirectClub Inc. submitted an emergency motion in a Texas court to end more than 100 active leases and discard related assets, aiming to slow the depletion of limited resources during the company's liquidation process.
January 24, 2024
A Houston bankruptcy judge Wednesday ruled former teledentistry company SmileDirectClub Inc. should be liquidated under the supervision of a Chapter 7 trustee, finding terms of its proposed structured dismissal looked too much like a Chapter 11 plan.
January 18, 2024
Defunct teledentistry firm SmileDirectClub urged a Houston bankruptcy judge Thursday to greenlight the company's bid to wind down its insolvency through the ongoing Chapter 11 process, rather than Chapter 7, despite calls from creditors and the U.S. Trustee's Office to convert the case and liquidate the business.
January 17, 2024
Bankrupt teledentistry company SmileDirectClub Inc. is defending its global settlement after it received objections from the U.S. Trustee's Office, saying its proposal to transfer its business to post-petition lenders is "by far the highest and best alternative available to the debtors."
January 10, 2024
The Office of the United States Trustee objected Wednesday to a global settlement proposed by bankrupt teledentistry company SmileDirectClub Inc., saying it amounts to an impermissible sub rosa plan that wouldn't cover the administrative costs of the Chapter 11 case prior to its dismissal.
January 08, 2024
A SmileDirectClub worker who was fired after the company failed to sell its business in Chapter 11 sued the now-defunct dental-technology firm in a proposed class action filed in Texas bankruptcy court Monday, alleging SmileDirect violated federal law by terminating its employees without adequate notice.
December 08, 2023
Teledentistry company SmileDirectClub Inc. will wind down its business, attorneys for the company told a Texas bankruptcy judge Friday, after a failed going concern sale effort thwarted its Chapter 11 plans.
December 04, 2023
Invisalign maker Align Technology is asking a Texas bankruptcy judge to reject SmileDirectClub's disclosure of its Chapter 11 plan, saying the plan is unfair and unworkable and that the mail-order dental service provider isn't fully disclosing its legal issues.
November 14, 2023
A group of investors with potential securities litigation claims against SmileDirectClub asked a Texas bankruptcy judge to reject the company's Chapter 11 plan disclosure statement, saying it lacks adequate information on claims releases they argue will "eviscerate" their suits.
November 07, 2023
SmileDirectClub got final approval from a Texas bankruptcy judge Tuesday to tap into $20 million in debtor-in-possession financing, but said it would wait a month to see if it needs to resolve objections to the collateral on its remaining $30 million in financing.