Aeropostale Chapter 11 Petition Filed
According to the U.S. Bankruptcy Court docket, Aeropostale and ten affiliated Debtors filed for Chapter 11 protection in Manhattan and is represented by Ray C. Schrock, Jacqueline Marcus & Garrett...
View ArticleHorsehead Holdings Committee Approved
The U.S. Bankruptcy Court approved Guy Selmar Spier’s motion for appointment of an official equity security holders’ committee to the Horsehead Holdings case. The order states, “[I]t is hereby ordered...
View ArticleBioNitrogen Holdings Extension Sought
BioNitrogen Holdings filed with the U.S. Bankruptcy Court a second motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleBlack Elk Energy Offshore Operations Plan Filed
According to the U.S. Bankruptcy Court docket, Black Elk Energy Offshore Operations filed a Second Amended Chapter 11 Plan of Liquidation and related Disclosure Statement. Among other changes, the...
View ArticleCHC Group Chapter 11 Petition Filed
According to the U.S. Bankruptcy Court docket, CHC Group (FR Horizon Holding [Cayman]) filed for Chapter 11 protection in the Northern District of Texas. A corporate release notes, “CHC’s operations...
View ArticleAlvarez & Marsal Managing Director Added
Alvarez & Marsal (A&M) announced that that it has bolstered its Executive Compensation and Benefits Practice with the addition of George F. O’Donnell who will serve as a Managing Director in...
View ArticleAlpha Natural Resources Objection Filed
According to the U.S. Bankruptcy Court docket, The United Mine Workers of America 1974 Pension Plan and Trust, The United Mine Workers of America 1993 Benefit Plan, The United Mine Workers of America...
View ArticleAeropostale Store Closing Approval Sought
Aeropostale filed with the U.S. Bankruptcy Court a motion for approval of (i) procedures for store closing sales, and (ii) the assumption of liquidation consulting agreements. The motion explains, “The...
View ArticleAmerican Eagle Energy Settlement Approval Sought
According to the U.S. Bankruptcy Court docket, American Eagle Energy and AMZG, U.S. Bank National Association, the ad hoc noteholders’ group, USG Properties Bakken I and NextEra Energy Gas Producing...
View ArticleKaisa Group Holdings Chapter 15 Petition Filed
According to the U.S. Bankruptcy Court docket, Hong Kong, PRC-based Kaisa Group Holdings filed for Chapter 15 protection in Manhattan. The Company is also a debtor in foreign proceedings pending both...
View ArticleMagnum Hunter Resources RSA Amended
Magnum Hunter Resources filed with the U.S. Bankruptcy Court a fourth amendment to its restructuring support agreement (RSA). According to documents filed with the Court, “The Required Amendment...
View ArticleHydrocarb Energy Conversion Sought
Shadow Tree Capital Management filed with the U.S. Bankruptcy Court an emergency motion to convert Hydrocarb Energy Chapter 11 reorganization cases to liquidation under Chapter 7. The motion explains,...
View ArticleHancock Fabrics Bid Procedures Approval Sought
Hancock Fabrics filed with the U.S. Bankruptcy Court a motion for an order setting a date to conduct an auction of the Debtors’ interests in certain non-residential real property leases and a hearing...
View ArticleFar-Eastern Shipping Company Plc. Downgraded
On May 4, 2016, S&P Global Ratings lowered its long-term corporate credit rating on Far-Eastern Shipping Company Plc. (FESCO) to CC from B- and its senior secured notes rating to C from B-....
View ArticleLegend International Holdings Chapter 11 Petition Filed
Legend International Holdings filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 16-11131. The Company, which is involved in mineral exploration and...
View ArticleCaesars Entertainment C.R.O. Appointed
Caesars Entertainment Corporation (CEC) announced that its board has appointed the Honorable Robert E. Gerber as chief restructuring officer. This appointment came at the recommendation of CEC’s...
View ArticleParagon Offshore Retirement Program Approved
The U.S. Bankruptcy Court approved Paragon Offshore’s motion for authority to (i) implement a post-petition early retirement program and (ii) pay severance to individuals whose employment with the...
View ArticleArch Coal Plan Filed
Arch Coal filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. Under the Disclosure Statement, holders of priority claim shall be entitled to...
View ArticleChaparral Energy Chapter 11 Petition Filed
According to documents filed with the U.S. Bankruptcy Court, Chaparral Energy and ten affiliated debtors filed for Chapter 11 protection in Wilmington, DE. The Company, which operates as an independent...
View ArticlePacific Sunwear of California Objections Filed
The U.S. Trustee assigned to the Pacific Sunwear of California case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for entry of an order (i) authorizing implementation of a...
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