The U.S. Bankruptcy Court gave conditional approval to Aztec Oil & Gas creditors Franklin Fisher, Jr. and Livingston Growth Fund Trust’s proposed Second Amended Disclosure Statement.
The order states, “The Disclosure Statement as supplemented is conditionally approved. The Plan Proponents shall file a conforming copy of the Disclosure Statement by May 5, 2017. The Plan Proponents are authorized to solicit votes with respect to the proposed Plan….The Court will conduct an evidentiary hearing…to consider (i) final approval of the Disclosure Statement; (ii) confirmation of the Plan; and (iii) the Debtor’s motion to convert to chapter 7 on July 26, 2017…”
More on energy industry bankruptcies.
The post Aztec Oil & Gas Disclosure Statement Conditionally Approved appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.