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SunEdison Procedures Approval Sought

SunEdison filed with the U.S. Bankruptcy Court a motion for (i) an order (a) approving bidding procedures for the sale of equity interests in certain North American utility project companies, (b)...

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Energy XXI Objection Filed

Energy XXI’s official committee of equity security holders filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an exclusivity extension. The objection explains, “The Motion is...

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Paragon Offshore PSA Amendment Executed

Paragon Offshore announced that the Company has executed an amendment to its amended plan support agreement (the ‘Amended PSA’) supporting a revised Plan of Reorganization with 100% of the lenders...

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Peabody Energy Business Plan Approved

Peabody Energy announced that it has received approval of its business plan from the Company’s D.I.P. financing lenders. The business plan forms the foundation for the plan of reorganization that the...

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SunEdison Bid Procedures Approval Sought

SunEdison filed with the U.S. Bankruptcy Court a motion for an (i) an order (a) approving bidding procedures for the sale of equity interests in certain project companies; (b) establishing notice...

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Midstates Petroleum Company Objections Filed

Multiples parties – including Harris County, Seismic Exchange (SEI), Oracle America, Triple F Oilfield Services, the Texas Taxing Entities, Mewbourne Oil Company, Molpus Woodlands Group and Production...

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Sabine Oil & Gas Plan Effective

Sabine Oil & Gas’ Second Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on July 27, 2016. Sabine...

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SunEdison Extension Approved

The U.S. Bankruptcy Court approved SunEdison’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November...

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LRI Holdings RSA Approval Sought

LRI Holdings filed with the U.S. Bankruptcy Court a motion to assume a restructuring support agreement. The motion explains, “Pursuant to the Restructuring Support Agreement, the Supporting Parties...

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Perseon Sale, Caption Change Approved

The U.S. Bankruptcy Court issued an order approving the $4.3 million sale of substantially all of Perseon’s assets to stalking horse bidder MedLink Technologies. The order states, “The Ex Parte Motion...

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Arch Coal Agreement Approved

The U.S. Bankruptcy Court approved Arch Coal’s motion for an order authorizing the Debtors to enter into a new insurance premium finance agreement. As previously reported, “The Debtors’ ability to...

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Vanguard Natural Resources Distressed Debt Exchange.

On August 11, 2016, S&P Global Ratings lowered its corporate credit rating on Vanguard Natural Resources, LLC to SD from CC and its senior unsecured notes rating to D from CC. According to S&P...

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Perseon Chapter 7 Liquidation Sought

B.E. Capital Management Fund filed with the U.S. Bankruptcy Court a motion to convert the Perseon Chapter 11 reorganization to a liquidation under Chapter 7. The motion explains, “There is no dispute...

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Paragon Offshore Extension Sought

Paragon Offshore filed with the U.S. Bankruptcy Court a second 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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Sebring Software Bankruptcy Plan Effective

Sebring Software’s First Amended Plan of Orderly Liquidation became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on July 18, 2016. According to documents...

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Breitburn Energy Partners Objection Filed

The U.S. Trustee assigned to the Breitburn Energy Partners case filed with the U.S. Bankruptcy Court an objection to the Debtors’ retention and incentive program for certain key employees. The...

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Samson Resources Incentive Program Approval Sought

Samson Resources filed with the U.S. Bankruptcy Court a motion approving a non-insider incentive program for the period from August 16, 2016 until confirmation of the Debtors’ Plan. The motion...

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Aztec Oil & Gas Extension Sought

Aztec Oil & Gas 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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BIND Therapeutics Plan Filed

BIND Therapeutics filed with the U.S. Bankruptcy Court a Combined Disclosure Statement and Chapter 11 Plan of Liquidation, which notes, “The Debtors believe this Combined Plan and Disclosure Statement...

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SunEdison Committee Denied

The U.S. Bankruptcy Court issued an order denying appointment of an official committee of equity security holders to the SunEdison case. The order states, “Following submission of several letters...

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