WestMountain Gold Bankruptcy Plan Amended
WestMountain Gold filed with the U.S. Bankruptcy Court a first amendment to its Plan of Reorganization. According to documents filed with the Court, “Article III of the Plan is amended to provide for...
View ArticleAvaya Bankruptcy Plan Effective, Summarized
Avaya’s Second Amended Joint Chapter 11 Plan of Reorganization [became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 28, 2017....
View ArticleXceligent Files Chapter 7
Privately-held Xceligent, Inc. (dba Xceligent Holdings) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 17-12937. Under Chapter 7, a company will...
View ArticleRentech Bankruptcy Petition, Prepackaged Plan Filed
Rentech and subsidiary Rentech WP U.S. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-12958 (Rentech WP U.S.). The Company, which...
View ArticleSable Natural Resources Case Converted
Sable Natural Resources filed with the U.S. Bankruptcy Court a notice of withdrawal of its First Amended Plan of Reorganization and related Disclosure Statement and the Company’s motion for an...
View ArticleGenOn Energy Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of GenOn Energy’s Third Amended Joint Chapter 11 Plan of Reorganization, dated December 10, 2017, is now available. The U.S. Bankruptcy Court confirmed...
View ArticleIgnite Restaurant Bankruptcy Plan Effective
Ignite Restaurant Group’s Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on December 1, 2017....
View ArticleExpro Bankruptcy Petition, Prepackaged Plan Filed
Privately-held Expro Holdings US (d/b/a Umbrellastream US) and more than 30 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead...
View ArticleGlobal A&T Electronics Bankruptcy Objections Filed
The U.S. Trustee assigned to the Global A&T Electronics case and JPMorgan Chase & Co. filed with the U.S. Bankruptcy Court separate objections to the Company’s Joint Chapter 11 Plan of...
View ArticleCiber Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court confirmed Ciber’s Amended Chapter 11 Plan of Liquidation. Documents filed with the Court note, “On the Effective Date, the persons acting as Board Members, managers, and...
View ArticleEzra Bankruptcy Settlement Filed
Ezra Holdings filed with the U.S. Bankruptcy Court a motion for approval of a settlement between the Debtor and the plan administrator of certain affiliated Debtors of EMAS Chiyoda Subsea Limited. The...
View ArticleJ.G. Wentworth Bankruptcy Commitment Letter Filed
J.G. Wentworth filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing the Debtors to enter into and perform, or cause to perform, the obligations under the commitment letter...
View ArticlePSG Bankruptcy Plan Effective
Performance Sports Group’s First Amended Joint Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on December 20, 2017....
View ArticleCGG Bankruptcy Plan Recognized
CGG Holding announced that the U.S. Bankruptcy Court recognized the December 1, 2017 ruling of the Commercial Court of Paris approving the Safeguard Plan. According to a corporate release, the U.S....
View ArticleCumulus Bankruptcy Agreement Approved
The U.S. Bankruptcy Court approved Cumulus Media’s motion for an order authorizing the Debtors to assume (1) certain rating products agreements, (2) a letter agreement regarding “Addback Services” and...
View ArticleGlobal A&T Bankruptcy Plan Filed
Global A&T Electronics filed with the U.S. Bankruptcy Court Joint Chapter 11 Plan of Reorganization (with technical modifications). According to documents filed with the Court, “For the avoidance...
View ArticleCobalt Bankruptcy Program, Plan Approval Sought
Cobalt International Energy filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing the Debtors to honor certain severance programs. The motion explains, “Upon involuntary...
View ArticleLearning Tree Audit Concern
In Form 10-K filed on December 15, 2017, for the fiscal year ended September 29, 2017, Learning Tree International, Inc.’s auditor, BDO USA, LLP, raised substantial doubt about the Company’s ability to...
View ArticleSerta Simmons Bedding Downgrade
On December 21, 2017, Moody’s Investors Service downgraded Serta Simmons Bedding, LLC’s corporate family rating to B2 from B1, probability of default rating to B2-PD from B1-PD, $1.9 billion 1st lien...
View ArticlePhaseRx Bankruptcy Bid Procedures, APA Approved
The U.S. Bankruptcy Court approved PhaseRx’s motion for entry of (i) an order approving bidding procedures in connection with the sale of substantially all of the Debtor’s assets, scheduling an auction...
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