Venoco Plan Filed, Disclosure Statement Approved
Venoco filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The key element of the Plan is the...
View ArticleAlpha Natural Resources Termination Sought
Alpha Natural Resources filed with the U.S. Bankruptcy Court a motion for an order (a) authorizing termination of the Debtors’ (i) three nonqualified deferred compensation plans and (ii) two...
View ArticleConstellation Enterprises Chapter 11 Petition Filed
Constellation Enterprises and nine affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11213. The Company, which...
View ArticleAlpha Natural Resources Highest Bidders Determined
Alpha Natural Resources filed with the U.S. Bankruptcy Court a notice that the Company has determined that Vantage Energy Appalachia II offered the highest and best bid for the purchase of the Debtors’...
View ArticleQuicksilver Resources Extension Sought
Quicksilver Resources filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Debtors can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleCode Rebel Chapter 7 Petition Filed
Code Rebel (d/b/a ThinOps Resources) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 16-11236. The Company, which provides proprietary software...
View ArticleWalter Energy Termination Upheld
The U.S. District Court entered a reaffirmation of valid termination of retirement benefits, pursuant to Section 1114, and ruling that the District Court lacks jurisdiction to consider the appellants’...
View ArticleCaesars Entertainment Operating Company Plan Filed
Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a Second Modified Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement,...
View ArticleVerso Exit Financing Approval Sought
Verso filed with the U.S. Bankruptcy Court a redacted motion for entry of an order authorizing the Debtors to enter into and perform under engagement and fee letters relating to exit financing between...
View ArticleHII Technologies Bankruptcy Plan Effective
HII Technologies’ Third Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on April 15, 2016. According to documents filed...
View ArticleSamson Resources Exclusivity Termination Sought
Samson Resources’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion for entry of an order terminating the exclusive periods during which the Debtors may file a...
View ArticleRCS Capital Chapter 11 Bankruptcy Plan Effective
RCS Capital’s Revised Fourth Amended Joint Chapter 11 Plan of Reorganization became effective and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on May 19, 2016. Cetera...
View ArticleAlpha Natural Resources CBA Rejection Approved
The U.S. Bankruptcy Court approved Alpha Natural Resources’ motion to (I) reject certain collective bargaining agreements (CBAs) and (ii) modify certain retiree benefit obligations. As previously...
View ArticleEnergy Future Holdings Date Deadlines Fixed
The U.S. Bankruptcy Court issued an order scheduling certain hearing dates and deadlines and establishing certain protocols in connection with confirmation of Energy Future Holdings’ Joint Plan of...
View ArticleAspect Software Parent Supplement Filed, Plan Confirmed
Aspect Software Parent filed with the U.S. Bankruptcy Court a Seventh Amended Supplement for its Joint Chapter 11 Plan of Reorganization. The Supplement contains the following documents: Exhibit D:...
View ArticleHancock Fabrics Bid Procedures Approved
The U.S. Bankruptcy Court approved Hancock Fabrics’ 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 date...
View ArticleAlpha Natural Resources Disclosure Statement Approved
The U.S. Bankruptcy Court approved Alpha Natural Resources’ (ANR) Disclosure Statement related to its Second Amended Joint Plan of Reorganization. According to documents filed with the Court, “On the...
View ArticleKaloBios Pharmaceuticals Equity Award Approval Sought
KaloBios Pharmaceuticals filed with the U.S. Bankruptcy Court a motion to approve one-time equity award to the current members, the directors of the Debtor’s board of directors and the Debtor’s chief...
View ArticleEmerald Oil Corrected Purchase Agreement Filed
Emerald Oil filed with the U.S. Bankruptcy Court a notice of filing of a corrected stalking horse purchase agreement. The notice states, “The Stalking Horse Purchase Agreement contains the following...
View ArticleSpanish Broadcasting System, Inc. Ratings Downgraded
On May 20, 2016, S&P Global Ratings lowered its corporate credit rating on Spanish Broadcasting System, Inc. (SBS) to CCC from CCC+ and its 12.5% senior secured notes due 2017 to CCC from CCC+....
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