Penn Virginia Republic Agreement Announced
According to documents filed with the SEC, Penn Virginia entered into a restructuring support agreement by and among (i) the Debtors; (ii) lenders holding approximately 100% of the principal amount of...
View ArticleEnergy XXI Extension Sought
Energy XXI 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 October...
View ArticleSunEdison Objection Filed
The U.S. Trustee assigned to the SunEdison case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an order (i) approving implementation of the Company’s non-insider key...
View ArticleSebring Software Enlarged Authority Approved
The U.S. Bankruptcy Court approved Sebring Software’s expedited motion to enlarge the authority of its chief restructuring officer. As previously reported, “The Debtors respectfully move the Court to...
View ArticleCaesars Entertainment Operating Company Settlement Approved
The U.S. Bankruptcy Court approved Caesars Entertainment Operating Company’s (CEOC) settlement by and among (i) CEOC and non-Debtor parent Caesars Entertainment Corporation (CEC) and (ii) Park Hotels...
View ArticleC&J Energy Services Chapter 11 Bankruptcy Petition Filed
C&J Energy Services and 14 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 16-33590 (CJ Holding). The Company,...
View ArticleNovation Companies Chapter 11 Bankruptcy Petition Filed
Novation Companies (f/k/a NovaStar Financial) and three subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Maryland, lead case number 16-19745. The Company,...
View ArticleEnergy Future Holdings Mediation Denied
The U.S. Bankruptcy Court issued an order denying Contrarian Capital Management’s motion for entry of an order directing Energy Future Holdings (EFH) parties to mediate certain issues related to the...
View ArticleNoranda Aluminum Holding Sale, Procedures Approved
The U.S. Bankruptcy Court issued an order approving Noranda Aluminum Holding’s (1) motion to sell its upstream business, free and clear of liens, under 11 USC 363(f), and (2) proposed auction and...
View ArticleSaratoga Resources Disclosure Statement Approved
The U.S. Bankruptcy Court approved Saratoga Resources’ Disclosure Statement and scheduled an August 23, 2016 hearing to consider the Company’s Chapter 11 Plan of Reorganization. Plan documents detail...
View ArticleSunEdison Extension Sought
SunEdison 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 December...
View ArticleBlue Earth Plan Filed, Confirmed
Blue Earth and Jackson Investment Group (JIG) filed with the U.S. Bankruptcy Court Joint Chapter 11 Plan of Reorganization. According to the Plan, “On the Effective Date, Blue Earth shall be...
View ArticleMidway Gold Plan Filed
Midway Gold filed with the U.S. Bankruptcy Court Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for twelve (12) classes of...
View ArticleSmall Business Development Group Case Dismissed
The U.S. Bankruptcy Court issued an order dismissing the Small Business Development Group Chapter 11 case. As previously reported, Court-filed documents note, “At the Status Conference, the Court will...
View ArticleCaesars Entertainment Operating Company Discharge Approved
The U.S. Bankruptcy Court approved Caesars Entertainment Operating Company’s Court-appointed examiner’s motion for an order (i) discharging the examiner; (ii) relieving the examiner and his...
View ArticleTranstar Holding Downgraded by S&P and Moody’s
On July 15, 2016, S&P Global Ratings lowered all of its ratings on Transtar Holding Company, including its CCC+ corporate credit rating to D. “Transtar missed the last interest payment on its term...
View ArticlePerseon KERP Approved
The U.S. Bankruptcy Court approved Perseon’s motion for entry of an order approving the Debtor’s key employee retention plan (KERP) for Doug Wilkes, the Debtor’s director of operations. As previously...
View ArticleAeropostale Bankruptcy Plan Filed
Aeropostale filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan described in this...
View ArticleAmeriResource Technologies Plan Confirmed
The U.S. Bankruptcy Court approved AmeriResource Technologies’ First Amended Plan of Reorganization. According to documents filed with the Court, “Under the Plan, [Payroll Funding Company (PFC)] will...
View ArticleAlpha Natural Resources VEBA Approved
The U.S. Bankruptcy Court approved Alpha Natural Resources’ official committee of retired employees’ motion for creation of a VEBA, authorizing the possession of funds and authorizing the...
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