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Life Partners Holdings Objections Filed

The U.S. Trustee assigned to the Life Partners Holdings case and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court separate objections to the Disclosure Statement for...

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Energy XXI Benefit Severance, Compensation Program Approval Sought

Energy XXI filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing the Debtors to pay severance to non-insider employees. The motion explains, “During the prior 12 months, the...

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Samson Resources Extension Approval Sought

Samson Resources filed with the U.S. Bankruptcy Court a motion (i) to extend the exclusive periods by five months to file and solicit acceptances of a Chapter 11 plan through and including March 16,...

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Blue Earth Plan Filed

Blue Earth filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The valuation of the Debtors’...

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Republic Airways Holdings Objection Filed

Republic Airways Holdings’ ad hoc equity security holders’ committee filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion, pursuant to Section 365(a) of the Bankruptcy Code and...

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SFX Entertainment Sale Approved

The U.S. Bankruptcy Court issued an order approving the sale of all or substantially all of the assets of SFX Entertainment’s Flavorus ticketing company free and clear of all liens, claims,...

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Axion International Holdings Plan Effective

Axion International Holdings’ Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on June 9, 2016. According to documents filed...

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Samson Resources Sale Approved

The U.S. Bankruptcy Court approved Samson Resources’ motion for the sale of property, certain oil and gas assets free and clear of liens, claims and encumbrances and issued a supplemental order. The...

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Energy Future Holdings Plan Filed

Energy Future Holdings filed with the U.S. Bankruptcy Court Second Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for...

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Life Partners Holdings Plan Filed

Vida Capital filed with the U.S. Bankruptcy Court a Third Amended Joint Chapter 11 Plan and related Disclosure Statement for Life Partners Holdings. According to documents filed with the Court, “Vida...

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Aeropostale Store Closings, Agreements Approved

The U.S. Bankruptcy Court granted a final order approving Aeropostale’s motion for store closing sales and the assumption of liquidation consulting agreements. As previously reported, “The key...

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Pacific Sunwear of California Financing Amended

Pacific Sunwear of California filed with the U.S. Bankruptcy Court a fourth amendment to its debtor-in-possession financing agreement. According to documents filed with the Court, “The Prepetition Term...

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Republic Airways Holdings Objection Filed

The U.S. Trustee assigned to the Republic Airways Holdings case filed with the U.S. Bankruptcy Court an objection to the Debtors’ key employee incentive plan (KEIP) and key employee retention plan...

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Bill Barrett Corporation Distressed Debt Exchange

On June 9, 2016, S&P Global Ratings raised the corporate credit rating on Bill Barrett Corporation to B- from SD and its 7.625% senior unsecured notes due 2019 to CCC from D. “The upgrade reflects...

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Gawker Media Chapter 11 Petition Filed

  Privately-held Gawker Media and Gawker Media Group filed for Chapter 11 protection with the U.S. Bankruptcy Court in Manhattan and is represented by Gregg M. Galardi of Ropes & Gray. Gawker Media...

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Hastings Entertainment Chapter 11 Petition Filed

Privately-held Hastings Entertainment and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11452 (Draw Another...

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Noranda Aluminum Holding Extension Approved

The U.S. Bankruptcy Court approved Noranda Aluminum Holding’s second motion to extend the exclusive period, by 120 days, during which the Company can file a Chapter 11 plan and solicit acceptances...

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Small Business Development Group Dismissal/Conversion Ruling Issued

The U.S. Bankruptcy Court approved the motion of the U.S. Trustee assigned to the Small Business Development Group case to dismiss the Chapter 11 reorganization, or, in the alternative, convert it to a...

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Horsehead Holding Objection Filed

Horsehead Holding’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an exclusivity extension. The committee asserts, “Such an...

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Saratoga Resources Plan Filed

Saratoga Resources filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, principal features of the Plan...

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