Dismissed on Oct 7, 2021
The Dolphin Company is pursuing a liquidating chapter 11 path centered on asset sales, a proposed liquidation trust, and a priority distribution waterfall, rather than an operating reorganization. Its Combined Disclosure Statement and Joint Chapter 11 PlanDkt. 1480 proposes to wind down the remaining estates, transfer residual assets and retained claims to a Liquidation Trust, and fund distributions from cash, trust assets, and sale proceeds. The proposal contemplates payment in full of administrative, priority-tax, other-priority, and other-secured claims, while stating that proceeds are expected to be insufficient for claims junior to the prepetition first-lien claims; the second-lien and general-unsecured classes would receive distributions only if residual trust proceeds remain.
Leisure Investments Holdings and its affiliates asked the Delaware bankruptcy court to approve a $20 million sale of Mexican parks, facilities and related assets to Delphinus Blue Planet.
Notice of Amended Agenda for Hearing of Matters Scheduled for September 9, 2026 at 11:00 a.m. (ET) [Hearing scheduled for 9/9/2026 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware] (Filed by Leisure Investments Holdings LLC)
Dkt. 1487 · Sep 4, 2026
Debtors’ Reply in Support of Debtors’ Motion for an Order (I) Approving Sale of Assets and Shares and Assignment of Rights of Controladora Dolphin, S.A. de C.V. Related to the Debtors’ Vallarta Property, Free and Clear of Liens and Other Encumbrances, and (II) Granting Related Relief (Filed by Leisure Investments Holdings LLC)
Dkt. 1484 · Sep 4, 2026
Combined Disclosure Statement and Joint Chapter 11 Plan of Leisure Investments Holdings LLC and its Affiliated Debtors (Filed by Leisure Investments Holdings LLC)
Dkt. 1480 · Sep 4, 2026
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