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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...

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BIND 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...

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Triangle 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...

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Red 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...

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Penn 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...

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SandRidge 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...

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Emerald 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...

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California 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...

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SandRidge 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...

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Paragon 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...

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Quicksilver 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...

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Pacific 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...

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Energy 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...

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LRI 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)....

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Hancock 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...

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Energy 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...

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Life 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...

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Breitburn 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...

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China 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...

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Penn 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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