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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...

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Wastetech 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...

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EFH 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...

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Fieldwood 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....

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Armstrong 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...

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Enumeral 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...

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Premier 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...

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BK 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...

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Payless 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...

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Rolta 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...

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Rand 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,...

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CGG 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...

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Healing 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...

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Avanti 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...

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Appvion 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...

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EFH 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...

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EXCO 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...

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Uni-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....

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FirstEnergy 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...

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Gibson 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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