Knotel, Inc., et al. Restructuring Website

  • CASE NO.
    21-10146
    CHAPTER 11
  • CHAPTER
    11
  • JUDGE
    Hon. Mary F. Walrath
  • PHONE
    866-771-0565
  • COURT
    District of Delaware
  • FILED
    Jan 31, 2021
INQUIRIES
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Case Overview

On January 31, 2021, Knotel, Inc. and its U.S. subsidiaries (collectively, “Knotel”) filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On March 08, 2021, Knotel Canada, Inc. also filed a voluntary petition for relief and sought recognition of the proceedings in the Ontario Superior Court of Justice as foreign representative. The cases are being jointly administered under Case No. 21-10146.

Knotel filed for Chapter 11 to accomplish the sale of its business to an affiliate of Newmark Group, Inc. (“Newmark”) and the reorganization of its U.S. footprint in the most efficient manner. Knotel has filed a motion requesting approval of a stalking horse asset purchase agreement with Newmark and to initiate a process under Section 363 of the Bankruptcy Code. On March 19, 2021, the Bankruptcy Court entered an order approving and closing the sale of the Debtors’ assets.

On June 29, 2021, the Bankruptcy Court entered the Order Dismissing the Chapter 11 Cases of the Dismissed Debtors, Effective as of June 29, 2021 and Amending Case Caption [Docket No. 1264]. The following Chapter 11 cases are still open: 

Case Name 

Case No. 

Knotel, Inc.

21-10146

42Floors LLC

21-10217

Knotel Canada, Inc.

21-10540

The Effective Date, as defined in the Combined Plan and Disclosure Statement, occurred on June 30, 2021 [Docket No. 1270].

Knotel has established an information line for interested parties: 866-771-0565 (US & Canada) and 818-581-2989 (International). You can also send an email to KnotelInquiries@omniagnt.com

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