Blue Earth Plan Filed, Disclosure Statement Approved
Blue Earth filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan generally provides for a reorganization...
View ArticleParagon Offshore Extension Sought
Paragon Offshore filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleCHC Group Payment Approved
The U.S. Bankruptcy Court approved CHC Group’s motion to pay severance in accordance with applicable legal requirements and collective bargaining agreements to individuals whose employment with the...
View ArticleWestech Capital Objection Filed
Westech Capital filed with the U.S. Bankruptcy Court an objection to the motion of Eric Steinhofel, Robert Clement, Rick Shottenfeld and Arch Aplin to appoint a Chapter 11 trustee. The objection...
View ArticlePremier Exhibitions Chapter 11 Petition Filed
Premier Exhibitions and seven affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, lead case 16-03320 (RMS Titanic). The Company, which...
View ArticleGulf Chemical & Metallurgical Chapter 11 Petition Filed
Privately-held Gulf Chemical & Metallurgical and affiliated Debtor Bear Metallurgical filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Pennsylvania, case...
View ArticleCore Resource Management Chapter 11 Petition Filed
Core Resource Management filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Arizona, case number 16- 06712. The Company, which acquires proven mineral and royalty...
View ArticlePenn Virginia Objections Filed
Penn Virginia’s ad hoc committee of equity security holders and Republic Midstream and Republic Midstream Marketing filed with the U.S. Bankruptcy Court separate objections to the Company’s Disclosure...
View ArticleNoranda Aluminum Holding Sale, Procedures Approval Sought
Noranda Aluminum Holding filed with the U.S. Bankruptcy Court a motion for entry of a stalking horse order (a) approving Norandal USA’s into an asset purchase agreement (stalking horse agreement) with...
View ArticleArch Coal Plan Filed
Arch Coal filed with the U.S. Bankruptcy Court an Amended Joint Plan of Reorganization and related Disclosure Statement. According to a corporate release, the Plan is supported by certain of the...
View ArticleDiadexus Chapter 7 Petition Filed
Diadexus (f/k/a VaxGen) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Northern District of Arizona, case number 16-30654. The Company also announced that its C.F.O. Leone...
View ArticleEnergy XXI Plan Filed
Energy XXI filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan and related Disclosure Statement. The Plan includes a restructuring support agreement, which outlines the following key terms:...
View ArticleBlack Elk Energy Offshore Operations Objection Filed
The United States, on behalf of the United States Department of the Interior, filed with the U.S. Bankruptcy Court an objection to Black Elk Energy Offshore Operations’ Second Amended Plan of...
View ArticleAbengoa Bioenergy US Holdings Bid Procedures Approved
The U.S. Bankruptcy Court approved Abengoa Bioenergy US Holdings’ motion for entry of an order approving and authorizing bidding procedures in connection with the sale of one or more of the Debtors’...
View ArticleAbengoa Bioenergy US Holdings KEIP Approved
The U.S. Bankruptcy Court approved Abengoa Bioenergy US Holdings’ motion for entry of an order approving a key employee incentive plan (KEIP) and an incentive and severance plan for eligible...
View ArticleLocal Corporation Dismissal Sought
Local Corporation filed with the U.S. Bankruptcy Court a motion for an order (1) authorizing the Debtor to distribute funds to creditors and (2) dismissing the Chapter 11 case. The motion explains,...
View ArticleMediaShift Extension Approved
The U.S. Bankruptcy Court approved MediaShift’s second motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleRepublic Airways Holdings Agreement Approved
The U.S. Bankruptcy Court approved Republic Airways Holdings’ motion, pursuant to Section 365(a) of the Bankruptcy Code and Bankruptcy Rules 6006 and 9019, for authorization to (i) assume codeshare and...
View ArticleSandRidge Energy Objection Filed
The United States of America, on behalf of the Internal Revenue Service (IRS), filed with the U.S. Bankruptcy Court an objection to SandRidge Energy’s Plan. The objection asserts, “Section 503(b)(1)(D)...
View ArticleSAExploration Holdings, Inc. – RSA, S&P Lowers Ratings, Moody’s Downgrades
In Form 8-K filed on June 13, 2015, SAExploration Holdings, Inc. announced that it has entered into a comprehensive restructuring support agreement with holders of approximately 66% of the par value of...
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