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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...

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Warren 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...

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Republic 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...

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SFX Entertainment RSA Terminated, Motion Withdrawn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...

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Midstates 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...

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BFN 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...

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Verso 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...

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Ultra 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...

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Noranda 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...

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Black 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...

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Black 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...

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Quantum 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...

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Life 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,...

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EFT 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...

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Verso 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...

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Dex 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...

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LINN 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...

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Aeropostale 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...

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Constellation 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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