Emerge Energy Services LP – Aptly Named Debtors Emerge from Highly...
December 23, 2019 – The Debtors notified the Court [Docket No. 733] that their Second Amended Plan of Reorganization had become effective as of December 20, 2019. The Court had previously approved the...
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BANKRUPTCYDATA’S 2019 CORPORATE BANKRUPTCY REVIEW, 2020 BANKRUPTCY OUTLOOK...
BOSTON, Mass. (December 24, 2019) – As we write, US stock markets have just closed for the shortened Christmas Eve session. A banner year is coming to an end for the three major indices. Posterity...
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Borden Dairy Company – Increased Competition and Declining Milk Consumption...
January 5, 2020 − Privately held Borden Dairy Company and 17 affiliated Debtors (“Borden” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticlePaddock Enterprises, LLC – Files Chapter 11 as O-I Glass, Inc. Looks to Use...
January 6, 2020 − Paddock Enterprises, LLC (“Paddock” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10028. The...
View ArticleArsenal Resources Development LLC – Debtors Complete $361mn Debt-for-Equity...
January 7, 2020 – The Debtors notified the Court [Docket No. 226] that their First Amended Joint Pre-Packaged Plan of Reorganization had become effective as of January 7, 2020. The Court had previously...
View ArticleEP Energy Corporation – Files Third Amended Joint Chapter 11 Plan and Related...
January 8, 2020 – Further to a January 6th Disclosure Statement hearing, the Debtors have filed a Third Amended Joint Chapter 11 Plan, a related Disclosure Statement, and redlines of each of those...
View ArticleFTI Consulting Promotes 11 Members of Corporate Finance & Restructuring Team...
January 9, 2019 – FTI Consulting, Inc. (NYSE: FCN) has promoted 11 members of its Corporate Finance & Restructuring team to Senior Managing Director. The new Senior Managing Directors include Anton...
View ArticleThe Diocese of Rochester – Court Extends Exclusive Plan Filing Period until...
January 9, 2020 – The Court hearing the Diocese of Rochester case has extended the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof,...
View ArticleEP Energy Corporation – Files Fourth Amended Plan and Related Disclosure...
January 13, 2020 – The Debtors filed their Fourth Amended Joint Chapter 11 Plan, a related Disclosure Statement, and redlines of each of those documents showing changes to versions filed on January 8,...
View ArticleAlta Mesa Resources, Inc. – With Kingfisher Entities Now Jointly Administered...
January 13, 2020 – Fresh off its addition to the Alta Mesa Resources Chapter 11 cases, former non-debtor Kingfisher Midstream, LLC and certain of its subsidiaries, (collectively, the “KFM Debtors”)...
View ArticleREVA Medical, Inc. – Medical Device Company Files Pre-Packaged Chapter 11...
January 14, 2020 − REVA Medical, Inc. (“Reva” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10072. The Debtor, a...
View ArticleOak Point Partners, LLC acquires remnant assets of the Estates of Scott...
September 18, 2008 – Oak Point Partners acquired the remnant assets of the Estates of Scott Acquisition Corp., et al., in September 2008. On September 10, 2004, the Scott Acquisition Corp. and its...
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Hospital Acquisition LLC – Court Confirms Liquidating Plan of Lifecare Health...
January 15., 2020 – The Court hearing the Hospital Acquisition cases issued an order [Docket No. 893] confirming the Debtors' Combined Disclosure Statement and Amended Joint Chapter 11 Plan of...
View ArticleNew England Motor Freight – Court Confirms Liquidation Plan of Former...
January 15, 2020 – The Court hearing the New England Motor Freight cases confirmed the Debtors’ Combined Chapter 11 Liquidation Plan and Disclosure Statement (the "Combined Document") [Docket No....
View ArticleNORPAC Foods, Inc. – Subject to Resolution of Union Dispute, Court Approves...
January 15, 2020 – The Court hearing the NORPAC Foods cases issued an order [Docket No. 561] approving the asset purchase agreement (the “APA”), dated December 18, 2019, amongst the Debtors and Lineage...
View ArticleCeladon Group, Inc. – Executes APA with Affiliate of Luminus Management in...
January 16, 2020 – Further to the Court’s January 6th bidding procedures order [Docket No. 218], the Debtors filed (i) an asset purchase agreement in respect of a proposed $14.5mn sale of their Taylor...
View ArticleMcDermott International, Inc. – Energy Services Giant Files Prepackaged...
January 21, 2020 − McDermott International, Inc. and a plethora of affiliated Debtors (NYSE: MDR, “McDermott” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleBayou Steel BD Holdings, L.L.C. – Sale Order Approves $28mn Sale to Sanjeev...
December 12, 2019 – The Court hearing the Bayou Steel BD Holdings cases issued an order approving the $28.0mn sale of substantially all of the Debtors' assets to Liberty BSG Holdings Inc. (the “Buyer”)...
View ArticleBayou Steel BD Holdings, L.L.C. – Post-Sale, At Odds Stakeholders Agree on...
January 21, 2020 – Each of the Debtors' Official Committee of Unsecured Creditors (the “Committee”) and Black Diamond Commercial Finance, L.L.C. (“BDCF,” agent under the Debtors' Term Loan Facility,...
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Clover Technologies Group, LLC – Court Confirms Plan, Paving Way for Debtors...
January 22, 2020 – The Court hearing the Clover Technologies Group cases approved the Debtors’ Prepackaged Chapter 11 Plan of Reorganization, paving the way for the Debtors to emerge deleveraged by...
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