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...
View ArticleAvaya 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...
View ArticleEP 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...
View ArticleMoody’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...
View ArticleUnilife 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...
View ArticleReal 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...
View ArticleToys “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...
View ArticleRooster 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...
View ArticleCumulus 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...
View Article21st 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 &...
View ArticleUnilife 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....
View ArticleTerraVia 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...
View ArticleUS 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...
View ArticleNiner 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,...
View ArticleWalter 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...
View ArticleAvaya 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...
View ArticleRooster 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...
View ArticleCiber 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...
View ArticleGenOn 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...
View ArticleGuitar 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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