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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...

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hhgregg 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...

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Ascent 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...

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Ironclad 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...

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Toys “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...

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Expro 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...

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Katy 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...

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Q4 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...

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PhaseRx 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...

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WMIC 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...

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GenOn 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...

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Bon-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)...

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H 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...

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Armstrong 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...

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Appvion 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...

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Patriot 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...

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Rentech 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...

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Global 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....

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Jones 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...

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Revlon 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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