KaloBios Pharmaceuticals Plan Confirmed
The U.S. Bankruptcy Court confirmed KaloBios Pharmaceuticals’ Second Amended Plan of Reorganization. As previously reported, “Each Holder of an Allowed General Unsecured Claim will receive on the later...
View ArticleWarren Resources Plan Filed
Warren Resources filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The primary purpose of the Plan is to...
View ArticleRepublic Airways Holdings KEIP/KERP Approved
The U.S. Bankruptcy Court approved Republic Airways Holdings’ motion for entry of an order approving the Debtors’ key employee incentive plan (KEIP) and key employee retention plan (KERP) and granting...
View ArticleSFX Entertainment RSA Terminated, Motion Withdrawn
SFX Entertainment filed with the U.S. Bankruptcy Court a notice of withdrawal of its previously-filed motion for an order, pursuant to Sections 105(a) and 365(a) of the Bankruptcy Code, authorizing the...
View ArticleMidstates Petroleum Plan Filed
Midstates Petroleum filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement, which adds the following text regarding the new common stock and...
View ArticleBFN Operations Chapter 11 Petition Filed
Privately-held BFN Operations (f/k/a Zelenka Farms) and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number...
View ArticleVerso Plan Modified
Verso filed with the U.S. Bankruptcy Court a First Modified Third Amended Joint Plan of Reorganization. According to documents filed with the Court, “Under the Plan: Holders of Allowed Administrative...
View ArticleUltra Petroleum Objections Filed
The U.S. Trustee assigned to the Ultra Petroleum case and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court filed with the U.S. Bankruptcy Court separate objections to...
View ArticleNoranda Aluminum Holding Protection Denied
The U.S. Bankruptcy Court issued an order denying Noranda Aluminum Holding’s ad hoc consortium of minority pre-petition term lenders’ motion for entry of an order providing adequate protection of their...
View ArticleBlack Elk Energy Offshore Operations Objection Filed
McMoRan Oil and Gas, Merit Energy Company and W&T Offshore filed with the U.S. Bankruptcy Court an objection to Black Elk Energy Offshore Operations’ Second Amended Plan of Liquidation. The...
View ArticleBlack Elk Energy Offshore Operations Plan Confirmed
The U.S. Bankruptcy Court entered an order confirming Black Elk Energy Offshore Operations’ Third Amended Plan of Liquidation. According to documents filed with the Court, “The purpose of the Plan is...
View ArticleQuantum Fuel Systems Technologies Sale Approved
The U.S. Bankruptcy Court approved Quantum Fuel Systems Technologies’ asset purchase agreement and motion for an order authorizing the sale of certain of the Debtor’s assets outside the ordinary course...
View ArticleLife Partners Holdings Disclosure Statement Approved
The U.S. Bankruptcy Court approved Transparency Alliance’s Disclosure Statement related to its Third Amended Chapter 11 Plan of Reorganization for Life Partners Holdings and scheduled an August 29,...
View ArticleEFT Holdings, Inc. Audit Concern
In Form 10-K filed on July 13, 2016, EFT Holdings, Inc.’s auditor, Paritz & Company, P.A., raised substantial doubt about the Company’s ability to continue as a going concern. According to Paritz...
View ArticleVerso Chapter 11 Bankruptcy Plan Effective
Verso filed with the U.S. Bankruptcy Court a seventh Supplement to its First Modified Third Amended Joint Plan of Reorganization. The Supplement contains the following documents: Exhibit M: ABL...
View ArticleDex Media Disclosure Statement Approved, Plan Confirmed
The U.S. Bankruptcy Court approved Dex Media’s Disclosure Statement and concurrently confirmed the Company’s Amended Joint Prepackaged Chapter 11 Plan Reorganization. Joe Walsh, Dex Media’s president...
View ArticleLINN Energy Objection Filed
The U.S. Trustee assigned to the Linn Energy case filed with the U.S. Bankruptcy Court an objection to the Debtors’ (a) employee compensation plan for non-insider employees, (b) critical employee...
View ArticleAeropostale Plan Filed
Aeropostale filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan described in this Disclosure...
View ArticleConstellation Enterprises Stalking Horse Bidder Designated
Constellation Enterprises filed with the U.S. Bankruptcy Court a notice of designation of a stalking horse agreement. The notice states, “On June 28, 2016, the Bankruptcy Court entered an...
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Free Business Bankruptcy Filings Report: YTD Bankruptcy Filings Up 23%
BankruptcyData released its Q2 2016 Business Bankruptcy Filing Report, which is available for browser download in this free e-report. According to New Generation Research, the upward swing in corporate...
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