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A March 1 court date is set in Los Angeles to discuss a plan for the parent company of Roscoe's House of Chicken and Waffles to emerge from bankruptcy, NBC Los Angeles reported. East Coast Foods Inc. filed for chapter 11 protection in March 2016 after the company was ordered to pay $3.2 million to a former employee who won a wrongful termination and discrimination lawsuit against the soul food chain. East Coast Foods estimated in court filings that it has debts between $10 million and $50 million with assets of less than $50,000. "There is a now a plan that could end this case and pay all the creditors 100 percent — which is rare," said attorney Robert Marticello. Marticello said that he anticipates that it will take six years to execute the plan and completely pay all creditors.

Walter Investment Management Corp. is preparing to leave bankruptcy protection by Jan. 31 with a plan that reduces its debt by about $800 million after a federal judge approved its chapter 11 plan, WSJ Pro Bankruptcy reported. The Fort Washington, Pa., company won court approval for a plan that will turn over most of its ownership to bondholders, according to a press release on Thursday. The company, which has more than 4,000 workers, processes payments for mortgages and reverse-mortgage loans. The approval helps bring the company’s chapter 11 case filed on Nov. 30 to a close. Under the plan, roughly $531 million of the company’s debt will be canceled and $275 million will be paid down. Lenders also agreed to extend the maturity date on their loans to June 2022 from December 2020.

Avaya Holdings Corp. shares started trading yesterday on the New York Stock Exchange, the first time the enterprise telecommunications provider has been public in more than a decade, Reuters reported. Avaya spent the past year sorting its financials in a chapter 11 bankruptcy process before listing its shares publicly this week. It was acquired in a leveraged buyout in 2007 for $8.2 billion by Silver Lake Partners LP and TPG Capital LP. One new challenge for Avaya, which now has a market capitalization of about $2.2 billion, as well as $2.9 billion in debt, will be attracting a new set of shareholders after being private for so long. It converted its debt to equity in order to list its shares. “With the debt converting to equity, I would imagine we would transition over the next few months to new value equity shareholders,” said Avaya Chief Executive Jim Chirico.

SunEdison Inc. — the Maryland Heights, Mo.-based solar energy company that once ranked as the world's biggest renewable energy developer — announced Friday that it had emerged from chapter 11 protection as a newly reorganized, private firm, the St. Louis Post-Dispatch reported. Emergence has been on the horizon since July, when the Bankruptcy Court of the Southern District of New York approved the company's plan of reorganization. The company first entered the chapter 11 process in April 2016 and proceeded to sell $2.3 billion in assets, including its interests in prized affiliates, TerraForm Power Inc. and TerraForm Global Inc. A company press release on Friday said that, "SunEdison emerges with a significantly smaller footprint and will continue to focus on monetizing its remaining assets."