Orchard Acquisition Company, LLC, along with four of its affiliates and subsidiaries (including the J.G. Wentworth Company, LLC), has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12914). The Petition estimates the Debtors’ assets and liabilities to both be between $100 – $500 million. According to the First Day Declaration, the Debtors enter Chapter 11 having reached a restructuring support agreement with holders of over 87% in outstanding principal amount of its term loan claims and over 99% of the ownership interests of the J.G. Wentworth Company, LLC. The Debtors have filed a prepackaged Plan of Reorganization and Disclosure Statement, and will seek to have both approved at a (tentative) combined hearing on January 17, 2018 at 10:00 a.m. EST. Prime Clerk, LLC is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin Gross.