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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...

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Energy 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...

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SunEdison 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...

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Sebring 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...

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Caesars 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...

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C&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,...

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Novation 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,...

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Energy 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...

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Noranda 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...

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Saratoga 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...

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SunEdison 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...

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Blue 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...

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Midway 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...

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Small 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...

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Caesars 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...

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Transtar 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...

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Perseon 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...

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Aeropostale 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...

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AmeriResource 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...

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Alpha 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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