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First NBC Bank Bankruptcy Timeline Filed

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The U.S. Bankruptcy Court issued an order detailing First NBC Bank Holding’s timeline for filing of Plan and Disclosure Statement following the status conference.

According to the order, “Debtor will give the Committee a plan term sheet no later than February 2, 2018. No later than February 28, 2018, the Committee will advise Debtor whether it will support Debtor’s plan. All Disclosure Statements and Plans be filed no later than March 14, 2018. The tentative hearing date on approval of the Disclosure Statement(s) is April 19, 2018, at 9:00 a.m. If no Disclosure Statements and Plans are filed by March 14, 2018, the U.S. Trustee will file a Motion to Convert to Chapter 7.”

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