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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...

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Goodman 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...

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International 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...

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Osage 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...

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Aeropostale 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...

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SunEdison 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...

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Westech 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...

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Post-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...

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Seventy 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...

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Aeropostale 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...

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Blue 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...

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Molycorp 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...

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LINN 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...

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Quicksilver 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...

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Hancock 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...

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Pacific 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...

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Core 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...

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Global 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...

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Midstates 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...

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STW 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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