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Ciber Bankruptcy Objection Filed

Ciber filed with the U.S. Bankruptcy Court an objection to the motion of Ciber Global (f/k/a HTC Global Ventures) to enforce the terms of the asset purchase agreement. The objection asserts, “The...

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Avaya Bankruptcy Objection Filed

Verizon Communications filed with the U.S. Bankruptcy Court an objection to cure amounts in the executory contracts and unexpired leases to be assumed by the Debtors, pursuant to the Plan of...

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EP Energy Distressed Debt Exchange

On November 21, 2017, S&P Global Ratings lowered its corporate credit rating on EP Energy LLC to CC from CCC+ and its senior unsecured debt rating to CC from CCC-. According to S&P Global, the...

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Moody’s Downgrades Houghton Mifflin Harcourt

On November 20, 2017, Moody’s Investors Service downgraded Houghton Mifflin Harcourt Publishers Inc.’s (HMH) [Houghton Mifflin Harcourt Company] corporate family rating to Caa1 from B3, its probability...

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Unilife Bankruptcy Compromise Approved

The U.S. Bankruptcy Court approved Unilife’s compromise and settlement of certain claims with present and former directors and officers (D&O) and certain plaintiffs and their counsel. As previously...

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Real Industry Bankruptcy Sale Approval Sought

Real Industry filed with the U.S. Bankruptcy Court a motion for the sale of property free and clear of liens and establishing bidding procedures relating to the sale of assets, establishing procedures...

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Toys “R” Us Bankruptcy Objections Filed

The U.S. Trustee assigned to the Toys “R” Us case filed with the U.S. Bankruptcy Court an objection to the Debtors’ senior executive incentive plan. The Trustee asserts, “With no plan of reorganization...

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Rooster Energy Bankruptcy Conversion Sought

Rooster Energy filed with the U.S. Bankruptcy Court a motion to convert its Chapter 11 reorganization case to a liquidation under Chapter 7. The motion explains, “The Rooster Debtors have been unable...

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Cumulus Media Bankruptcy Filing

Cumulus Media and more than 30 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-13381. The Company, which owns...

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21st Century Bankruptcy Objections Filed

Cigna Health and Life Insurance Company, Cigna HealthCare of South Carolina, Cigna HealthCare of Arizona, Cigna HealthCare of New Jersey, Cigna HealthCare of Florida and Simi Valley Hospital &...

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Unilife Bankruptcy Plan Modified, Supplement Filed

Unilife filed with the U.S. Bankruptcy Court an Exhibit containing second non-material modifications to the Company’s First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation....

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TerraVia Bankruptcy Extension Sought

TerraVia Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a plan and solicit acceptances thereof through and including February...

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US Dataworks Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed US Dataworks’ Combined Disclosure Statement and Plan of Liquidation (Combined DSP). According to documents filed with the Court, “This Combined DSP under Chapter 11...

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Niner Bikes Files for Chapter 11 to Implement Sale

Privately-held Niner Bikes (Niner) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Colorado, case number 17-20796. Chris Sugai is president and C.E.O. of the Company,...

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Walter Investment Management Prepackaged Bankruptcy Filing

Walter Investment Management filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-13446. The Company, which focuses primarily on the...

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Avaya Bankruptcy Stipulation Approved

The U.S. Bankruptcy Court approved Avaya’s joint stipulation and proposed order regarding certain claims filed by the Commonwealth of Virginia Department of Taxation. As previously reported, “The VA...

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Rooster Energy Bankruptcy Plan Filed

Rooster Energy filed with the U.S. Bankruptcy Court a Joint Amended Chapter 11 Plan of Reorganization. Documents filed with the Court explain, “The Plan constitutes a separate chapter 11 plan of...

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Ciber Bankruptcy Extension Approved

The U.S. Bankruptcy Court approved Ciber’s second motion to extend by 90 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...

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GenOn Energy Bankruptcy Objection Filed

The U.S. Trustee assigned to the GenOn Energy case filed with the U.S. Bankruptcy Court an objection to the Company’s global settlement. The Trustee asserts, “The United States Trustee appreciates the...

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Guitar Center Downgraded

On November 28, 2017, Moody’s Investors Service downgraded Guitar Center Inc.’s (GCI) ratings, including its corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from...

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