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GreenHunter Resources Sale Approval Sought

According to the U.S. Bankruptcy Court docket, GreenHunter Resources filed an expedited motion for entry of an order (a) approving sale and bidding procedures and bid protections in connection with the...

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Anderson Kill Bankruptcy & Restructuring Co-Chair Announced

Anderson Kill P.C. announced that Mark D. Silverschotz has rejoined the firm. Silverschotz will be Of Counsel and Co-Chair of Anderson Kill’s Bankruptcy & Restructuring Group. Silverschotz has...

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SH 130 Concession Company Chapter 11 Petition Filed

According to the U.S. Bankruptcy Court docket, privately-held SH 130 Concession Company and two affiliated Debtors filed for Chapter 11 protection in Austin, TX. SH 130 Concession Company states that...

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Reichhold Holdings US Plan Effective

Reichhold Holdings US’ Second Amended Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on January 13,...

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Molycorp Pension Authorization Sought

According to the U.S. Bankruptcy Court docket, Molycorp filed a third motion to authorize pension contributions to a legacy defined benefit pension plan. The motion explains, “The Debtors are now...

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Affirmative Insurance Holdings Dismissal Sought

Anne Melissa Dowling, acting director of insurance of the State of Illinois (not individually, but solely as the statutory and U.S. Bankruptcy Court-affirmed rehabilitator of Affirmative Insurance...

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SFX Entertainment KEIP/KERP Approval Sought

According to the U.S. Bankruptcy Court docket, SFX Entertainment filed a motion for an order approving its implementation of (i) a key employee incentive plan (KEIP) and (ii) a key employee retention...

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Intelsat S.A. Downgrades

On February 29, 2016, Moody’s Investors Service downgraded Intelsat S.A.’s corporate family and probability of default ratings, respectively, to Caa2 from B3 and Caa2-PD from B3-PD. All of the...

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Buffets Chapter 11 Petition Filed

According to the U.S. Bankruptcy Court docket, privately-held Buffets and six affiliated Debtors filed for Chapter 11 protection in the Western District of Texas. The Company, which operates...

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Affirmative Insurance Holdings Expedited Hearing Approved

According to the U.S. Bankruptcy Court docket, the Court approved the motion of Anne Melissa Dowling, acting director of insurance for the State of Illinois and Court-affirmed rehabilitator of...

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HII Technologies Plan Filed

According to the U.S. Bankruptcy Court docket, HII Technologies filed an Amended Plan and related Disclosure Statement. The Disclosure Statement explains, “Under Section 4.5 of the Plan, each holder of...

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Republic Airways Holdings Procedures Approval Sought

According to the U.S. Bankruptcy Court docket, Republic Airways Holdings filed a motion for approval of expedited procedures for (i) the sale of certain assets free and clear of liens, claims and...

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Noranda Aluminum Holding Dismissal Sought

According to the U.S. Bankruptcy Court docket, Sherwin Alumina Company filed a motion to dismiss the Chapter 11 case of Noranda Aluminum Holding’s affiliated Debtor Noranda Bauxite Ltd. (NBL). The...

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Midway Gold Settlement Approved

According to the U.S. Bankruptcy Court docket, the Court approved Midway Gold’s motion for an order authorizing a settlement agreement between MDW Pan and Eastern Nevada Landscape Coalition (ENLC). As...

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Alpha Natural Resources Plan Filed

According to the U.S. Bankruptcy Court docket, Alpha Natural Resources filed a Joint Plan of Reorganization and related Disclosure Statement, which explains, “In accordance with the terms of the First...

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When to Buy Bonds Instead of Stock

A couple of times in recent months I’ve suggested that the bonds of one of my recommended companies might have become more attractive than the stock. Because of this and because ongoing turmoil in the...

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Aspect Software Parent Chapter 11 Petition Filed

According to the U.S. Bankruptcy Court docket, Aspect Software Parent and four affiliated Debtors filed for Chapter 11 protection in Wilmington, DE. The Company, which provides computer software...

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Life Partners Holdings Trustee Report Filed

According to documents filed with the U.S. Bankruptcy Court, Life Partners Holdings’ Chapter 11 trustee filed a report detailing the results of his investigation of the Debtors’ pre-petition business...

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Walter Energy Settlement Approval Sought

Walter Energy filed with the U.S. Bankruptcy Court a motion for entry of s stipulation and agreed order approving a compromise and settlement with the United Steelworkers (USW). According to documents...

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Affirmative Insurance Holdings Plan Filed

According to the U.S. Bankruptcy Court docket, Affirmative Insurance Holdings filed a Combined Disclosure Statement and Chapter 11 Plan of Liquidation, which states, “Because the Plan is a plan of...

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