Global Brokerage Bankruptcy RSA Payment Approved
The U.S. Bankruptcy Court issued an order approving Global Brokerage’s payment of restructuring expenses pursuant to the restructuring support agreement (RSA). The payment notice was filed as a...
View Articlehhgregg Bankruptcy Extension Sought
hhgregg filed with the U.S. Bankruptcy Court a fourth motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleAscent Resources Prepackaged Bankruptcy
Privately-held Ascent Resources Marcellus Holdings (ARM) (f/k/a American Energy Marcellus Holdings) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleIronclad Performance Wear Bankruptcy Objection Filed
Radians Wareham Holdings filed with the U.S. Bankruptcy Court an objection to Ironclad Performance Wear’s Joint Plan of Liquidation dated January 12, 2018. The objection explains, “Radian’s objects to...
View ArticleToys “R” Us Sale Agreement Approved
The U.S. Bankruptcy Court approved Toys “R” Us motion for entry of an order authorizing the Debtors to enter into consulting agreements and authorizing and approving the conduct of store closing sales...
View ArticleExpro Prepackaged Bankruptcy Plan Effective
Expro Holdings’ Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court approved the Disclosure Statement and...
View ArticleKaty Industries Section 1114 Compliance Sought
Katy Industries’ official committee of retirees filed with the U.S. Bankruptcy Court an emergency motion to compel the Debtors’ compliance with Section 1114 of Title 11 of the United States Code, 11...
View ArticleQ4 Bankruptcy Extension Approved
The U.S. Bankruptcy Court approved the motion of Quadrant 4 System (Q4) and Stratitude to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof...
View ArticlePhaseRx Wind Down Officer Approved
The U.S. Bankruptcy Court approved PhaseRx’s emergency motion to appoint Catherine Campbell as the Debtor’s chief wind down officer. As previously reported, “The Debtor respectfully requests, pursuant...
View ArticleWMIC Prepackaged Plan Effective Date Anticipated
Walter Investment Management filed with the U.S. Bankruptcy Court a notice of anticipated effective date. The statement notes, “Walter Investment Management Corp currently anticipates that all...
View ArticleGenOn Energy Environmental Obligations Docketed
New York State’s Department of Environmental Conservation (DEC) filed with the U.S. Bankruptcy Court a notice of GenOn Energy’s environmental obligations. DEC asserts, “DEC is responsible for...
View ArticleBon-Ton Closing Sales Approved
The U.S. Bankruptcy Court issued an interim order approving Bon-Ton Stores’ emergency motion for interim and final orders (a) authorizing the Debtors to assume a store closing agreement; (b)...
View ArticleH N Hinckley & Sons Bankruptcy
Privately-held H N Hinckley & Sons, Inc. has filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Massachusetts, case number 18-10398. The Company is headed by...
View ArticleArmstrong Energy Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of Armstrong Energy’s Third Amended Joint Chapter 11 Plan of Reorganization, dated January 24, 2018, is now available. The U.S. Bankruptcy Court confirmed...
View ArticleAppvion 363 Sale Approval Sought
Appvion filed with the U.S. Bankruptcy Court a motion for an order approving and authorizing bidding procedures in connection with the sale of substantially all assets, approving stalking horse...
View ArticlePatriot National Bankruptcy Mediation Sought
Patriot National filed with the U.S. Bankruptcy Court a motion to (i) compel mediation of claims against the Debtors’ directors and officers (D&O) and (ii) temporarily stay related litigation...
View ArticleRentech Bankruptcy Plan Filed
Rentech filed with the U.S. Bankruptcy Court an Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation, which explains, “This Combined Plan and Disclosure Statement constitutes a...
View ArticleGlobal Brokerage Bankruptcy Plan Effective
Global Brokerage’s Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on January 22, 2018....
View ArticleJones Energy Downgraded
On February 7, 2018, Moody’s Investors Service downgraded its rating on Jones Energy Holdings, LLC, including its corporate family rating to Caa2 from Caa1, probability of default rating to Caa2-PD...
View ArticleRevlon Downgraded
On February 2, 2018, Moody’s Investors Service downgraded Revlon Consumer Products Corporation’s corporate family rating to Caa1 from B2, probability of default rating to Caa1-PD from B2-PD, senior...
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