Cumulus Media Bankruptcy Compliance Sought
Cumulus Media filed with the U.S. Bankruptcy Court a motion for entry of an order, pursuant to Section 105 of Title 11 of the United States Code, establishing procedures to comply with media and...
View ArticleWastetech Bankrupt
Privately-held Wastetech, LLC (F/K/A NTC Waste Group) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Northern District of Georgia, case number 18-52501. The Company is...
View ArticleEFH Bankruptcy Plan Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization [Modified] for Energy Future Holdings and Energy Future Intermediate Holding (EFIH) (the...
View ArticleFieldwood Energy Prepackaged Bankruptcy
Privately-held Fieldwood Energy and certain of its subsidiaries and affiliates filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 18-30648....
View ArticleArmstrong Energy Bankruptcy Plan Supplement Amended
Armstrong Energy filed with the U.S. Bankruptcy Court a fourth amendment to the Supplement for its First Amended Plan of Reorganization. The Supplement contains the following documents to provide...
View ArticleEnumeral Biomedical Bankruptcy Objection Filed
Intuitive Venture Partners filed with the U.S. Bankruptcy Court an objection to Enumeral Biomedical Holdings’ bidding procedures’ motion. The objection asserts, “The Collateral Agent objects to the...
View ArticlePremier Exhibitions Bankruptcy Mediator Sought
Premier Exhibitions and its official committees of equity security holders and unsecured creditors filed with the U.S. Bankruptcy Court a joint motion for appointment of mediator and to schedule...
View ArticleBK Racing Bankrupt Ahead of Daytona 500
Privately-held BK Racing, LLC filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, case number 18-30241. The Company is headquartered in...
View ArticlePayless Downgraded
On February 9, 2018, S&P Global Ratings lowered its corporate credit rating on Payless Inc. to CCC from B-, its $80 million first-lien tranche A-1 term loan to B- from B+ and its $200 million...
View ArticleRolta India Limited Restructuring Support Agreement
On February 14, 2018, Rolta India Limited announced unaudited financial results for the quarter ended December 31, 2017. The Company and certain of its international subsidiaries announced that they...
View ArticleRand Bankruptcy Compensation Sought
Rand Logistics filed with the U.S. Bankruptcy Court a motion for an order authorizing payment of supplemental compensation to the Debtors’ chief financial officer. The motion explains, “By this Motion,...
View ArticleCGG Bankruptcy Plan Effective
CGG Holdings (U.S)’s Joint Chapter 11 Plan of Reorganization [Further Revised] became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on...
View ArticleHealing Nature Bankrupt
Privately-held Healing Nature, LLC filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Pennsylvania, case number 18-11121. The Company is based in Philadelphia, PA...
View ArticleAvanti Communications Bankruptcy
London, England-based Avanti Communications Group filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 18-10458. The Company, which sells...
View ArticleAppvion Bankruptcy Objection Filed
The U.S. Trustee assigned to the Appvion case filed with the U.S. Bankruptcy Court an objection to the Company’s proposed bidding procedures and stalking horse protections. The Trustee asserts, “The...
View ArticleEFH Bankruptcy Supplement Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a first amended Supplement to the First Amended Joint Chapter 11 Plan of Reorganization of EFH/Energy Future Intermediate Holding...
View ArticleEXCO Bankruptcy KERP Approved
The U.S. Bankruptcy Court approved EXCO Resources’ key employee retention plan (KERP) for non-insider employees. As previously reported, “By this motion, the Debtors seek entry of an order, approving...
View ArticleUni-Pixel Bankruptcy Liquidation Approved
The U.S. Bankruptcy Court issued an order approving Uni-Pixel’s motion to convert its Chapter 11 reorganization case to a liquidation under Chapter 7. The order states, “The case of Uni-Pixel, Inc....
View ArticleFirstEnergy Solutions Audit Concern
In Form 10-K filed on February 20, 2018, for the year ended December 31, 2017, FirstEnergy Solutions Corp.’s (FES) auditor, PricewaterhouseCoopers LLP, raised substantial doubt about the Company’s...
View ArticleGibson Brands Downgraded
On February 21, 2018, S&P Global Ratings lowered its corporate credit rating to CCC- from CCC on Gibson Brands, Inc. and its $375 million senior secured notes due August 2018 were lowered to CCC-...
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