Energy Future Holdings Objection Filed
Somervell County filed with the U.S. Bankruptcy Court an objection to Energy Future Holdings’ Joint Plan of Reorganization. Somervell County asserts, “The Taxing Unit holds secured tax liens for ad...
View ArticleBIND Therapeutics Severance Approval Sought
BIND Therapeutics filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtors to honor certain severance obligations related to its executive bonus plan for certain key...
View ArticleTriangle USA Petroleum PSA Denied
The U.S. Bankruptcy Court issued an order denying Triangle USA Petroleum (TUSA)’s motion for entry of an order authorizing the Debtors’ assumption of a plan support agreement (PSA) between the Debtors...
View ArticleRed Mountain Resources Extension Approved
The U.S. Bankruptcy Court approved Red Mountain Resources’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticlePenn Virginia Extension Sought
Penn Virginia 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...
View ArticleSandRidge Energy Objections Filed
Multiple parties – including Bank of New York Mellon Trust Company, CMS Electric Cooperative, Seismic Exchange, Texas Taxing Entities, Fort Stockton Independent School District, Laborers Pension Trust...
View ArticleEmerald Oil Revised Extension Approved
The U.S. Bankruptcy Court issued an order approving Emerald Oil’s motion to extend by 150 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof...
View ArticleCalifornia Resources Corporation Distressed Debt Exchange
On August 2, 2016, S&P Global Ratings lowered its corporate credit rating on California Resources Corporation to CC from CCC+, its second-lien debt rating to CC from B and its senior unsecured...
View ArticleSandRidge Energy Extension Sought
SandRidge Energy 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...
View ArticleParagon Offshore PSA Approval Sought
Paragon Offshore filed with the U.S. Bankruptcy Court a motion for authority to (i) assume a plan support agreement (PSA) and (ii) modify automatic stay. The motion explains, “Pursuant to the Plan...
View ArticleQuicksilver Resources Compromise Approval Sought
Quicksilver Resources filed with the U.S. Bankruptcy Court a stipulation for a settlement by and between the Debtors, the ad hoc group of lienholders and the second lien agent, the official committee...
View ArticlePacific Sunwear of California Objection Filed
The U.S. Trustee assigned to the Pacific Sunwear of California case filed with the U.S. Bankruptcy Court an objection to Pacific Sunwear of California’s Joint Plan of Reorganization. The objection...
View ArticleEnergy Future Holdings Plan Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a Third Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Holders of EFH...
View ArticleLRI Holdings Chapter 11 Petition Filed
LRI Holdings (Logan’s Roadhouse) and seven affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11819 (Roadhouse Holding)....
View ArticleHancock Fabrics Extension Sought
Hancock Fabrics 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...
View ArticleEnergy Future Holdings Objections Filed
Multiple parties – including the U.S. Trustee assigned to the Energy Future Holdings’ (EFH) case, Bank of New York Mellon Trust Company, NextEra Energy Resources, Oracle America and UMB Bank – filed...
View ArticleLife Partners Holdings Financing Approved
The U.S. Bankruptcy Court approved the motion of Life Partners Holdings and its Chapter 11 trustee for an order: (a) authorizing the Debtors to obtain post-petition secured financing and (b) granting...
View ArticleBreitburn Energy Partners Extension Sought
Breitburn Energy Partners 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 ArticleChina Fishery Group Trustee Sought
CooperatieveRabobank, Standard Chartered Bank (Hong Kong), China CITIC Bank International and DBS Bank (Hong Kong) (collectively, the “Club Lender Parties”) filed with the U.S. Bankruptcy Court a...
View ArticlePenn Virginia Objection Filed
The U.S. Trustee assigned to the Penn Virginia case filed with the U.S. Bankruptcy Court a supplemental objection to its Second Amended Joint Chapter 11 Plan of Reorganization. The Trustee asserts,...
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