Hancock Fabrics Sale Approved
The U.S. Bankruptcy Court approved Hancock Fabrics’ motion for an order authorizing the Debtor’s private sale of certain real and related personal property to Southern Motion and approving the purchase...
View ArticleGoodman Networks Incorporated Plans Prepack
In Form 8-K filed on July 27, 2017, Goodman Networks Incorporated and certain holders of the Company’s 12.125% Senior Secured Notes due 2018 have agreed to support the Restructuring of the Secured...
View ArticleInternational Shipholding Chapter 11 Bankruptcy
International Shipholding and 17 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 16-12220. The Company, which is...
View ArticleOsage Exploration and Development Dismissal Sought
Osage Exploration and Development filed with the U.S. Bankruptcy Court a motion to dismiss its Chapter 11 case. The motion explains, “The Debtor has liquidated all of its Bankruptcy Estate and has...
View ArticleAeropostale Plan Filed, Disclosure Statement Approved
Aeropostale filed with the U.S. Bankruptcy Court a Second Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, holders of other priority...
View ArticleSunEdison KERP Approved
The U.S. Bankruptcy Court approved SunEdison’s non-insider key employee retention plan (KERP) and certain sale incentive plans. As previously reported, “By all standards, the KERP is a reasonable– if...
View ArticleWestech Capital Trustee Appointed
The U.S. Bankruptcy Court approved Westech Capital’s equity security holders’ motion for the appointment of a Chapter 11 trustee. As previously reported, “Movants seek the appointment of a trustee...
View ArticlePost-Bankruptcy Value Investing Opportunities
Most investors think of bankruptcy as bad. As a result, they tend to avoid the stocks of companies that have been through Chapter 11 bankruptcy. But Chapter 11 can be very beneficial to a company. The...
View ArticleSeventy Seven Energy Plan Effective
Seventy Seven Energy’s Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on July 14, 2016. According...
View ArticleAeropostale Reduced KERP Approved
The U.S. Bankruptcy Court issued an order approving Aeropostale’s key employee retention plan. The order states, “The Motion, insofar as it relates to the KERP, is granted as set forth herein, and the...
View ArticleBlue Earth Plan Effective
Blue Earth’s Joint Plan of Reorganization (jointly proposed by Jackson Investment Group [JIG]) became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on July...
View ArticleMolycorp Maturity Dates Extended
Molycorp filed with the U.S. Bankruptcy Court a notice of (i) extension of D.I.P. facility maturity date and (ii) certain matters relating to the effective date of the Company’s Fourth Amended Joint...
View ArticleLINN Energy Employee Benefit Program Approved
The U.S. Bankruptcy Court approved LINN Energy’s motion for entry of an order (i) authorizing and approving the Debtors’ (a) employee compensation plan for all non-insider employees, (b) critical...
View ArticleQuicksilver Resources Objection Filed
The United States, on behalf of the Internal Revenue Service (IRS) and Department of Interior (DOI), filed with the U.S. Bankruptcy Court an objection to Quicksilver Resources’ First Amended Joint...
View ArticleHancock Fabrics CPO Report Filed
The Consumer Privacy Ombudsman (CPO or Ombudsman) appointed in the Hancock Fabrics case filed with the U.S. Bankruptcy Court a report to advise on issues related to the protection of the privacy of...
View ArticlePacific Sunwear of California Extension Sought
Pacific Sunwear of California 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...
View ArticleCore Resource Management Dismissal/Conversion Sought
The U.S. Trustee (UST) assigned to the Core Resource Management case filed with the U.S. Bankruptcy Court a motion to convert or dismiss the bankruptcy case. The UST asserts, “To date, Debtor has yet...
View ArticleGlobal Geophysical Services Prepackaged Chapter 11–Second Bankruptcy
Privately-held Global Geophysical Services and six affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 16-20306 (GGS...
View ArticleMidstates Petroleum Extension Sought
Midstates Petroleum 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...
View ArticleSTW Resources Holding Chapter 11 Petition Filed
STW Resources Holding (f/k/a Woozyfly Inc. and STW Global and d/b/a STW Pipeline Maintenance & Construction) Holding filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern...
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