Life Partners Holdings Objections Filed
Multiple parties – including Black Diamond Lifeplan Fund, Evergreen Lifeplan Fund, Pillar Life Settlement Fund I, certain arbitration objectors and Transparency Alliance – filed with the U.S....
View ArticleUCI Holdings Sale Approved
The U.S. Bankruptcy Court issued an order approving UCI Holdings’ motion for the sale of property free and clear of liens and entry of an order authorizing certain transactions with a non-debtor...
View ArticleLogan’s Roadhouse Bankruptcy Plan Filed
LRI Holdings filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, Class 1, holders of other priority claims...
View ArticleDoral Financial Settlement Approval Sought
Doral Financial (DFC), Doral Properties and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court a joint motion to approve a settlement with the Federal Deposit Insurance...
View ArticleSunEdison Sale Approved
The U.S. Bankruptcy Court approved SunEdison’s motion for an order authorizing and approving the private sale of the Debtors’ portion of the global channel and Australia business free and clear of all...
View ArticlePeabody Energy Objection Filed
The Environmental Law & Policy Center (ELPC) filed with the U.S. Bankruptcy Court a supplemental objection, reflecting a new factual development, in connection with the Court’s consideration of the...
View ArticleRed Mountain Resources Sale Approved
The U.S. Bankruptcy Court issued an order (a) approving Red Mountain Resources’ amended purchase agreement and (b) authorizing the sale to Black Mountain Operating free and clear of liens. The Court...
View ArticleHercules Offshore Mediator Appointed
The U.S. Bankruptcy Court issued an order appointing a mediator to govern mediation procedures and assist in resolving certain objections related to confirmation of Hercules Offshore’s Joint...
View ArticleUltra Petroleum Objection Filed
Ultra Petroleum’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtor’s motion to extend their exclusivity periods to file a chapter 11 plan and...
View ArticleMidway Gold Objection Filed
The U.S. Trustee (UST) assigned to the Midway Gold case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement related to the Plan of Reorganization. The Trustee...
View ArticleParagon Offshore Disclosure Supplement Filed, Approved
Paragon Offshore filed with the U.S. Bankruptcy Court a further modified Disclosure Supplement related to its Modified Second Amended Joint Chapter 11 Plan. The modifications address, among other...
View ArticleNoranda Aluminum Holding Sale Approved, Agreement Announced
According to a corporate release, Noranda Aluminum Holding announced that it has obtained U.S. Bankruptcy Court approval for the sale of its downstream business to Granges AB for an enterprise value of...
View ArticlePeabody Energy KEIP, ELT-STIP Approved
The U.S. Bankruptcy Court issued an order approving Peabody Energy’s motion for an order approving (i) a key employee incentive plan (KEIP), (ii) an executive leadership team short-term incentive plan...
View ArticleWalter Energy Extension Approved
The U.S. Bankruptcy Court approved Walter Energy’s third motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleAtlas Resource Partners Objection Filed
The PA Department of Environmental Protection filed with the U.S. Bankruptcy Court an objection to Atlas Resource Partners’ confirmation of Plan and Disclosure Statement. The objection asserts, “The PA...
View ArticleHercules Offshore RSA Amended, Dates Extended
According to filings with the SEC, Hercules Offshore and certain of its U.S. domestic direct and indirect subsidiaries and certain of the Company’s other domestic and foreign direct and indirect...
View ArticleC&J Energy Services Objections Filed
Texas Taxing Authorities and certain Texas Taxing Entities filed with the U.S. Bankruptcy Court separate objections to C&J Energy Services to obtain post-petition secured financing, (ii) granting...
View ArticlePerformance Sports Group Ltd. Downgrades
On August 16, 2016, S&P Global Ratings lowered its corporate rating on Performance Sports Group Ltd. to CCC from CCC+ and its $450 million term loan due 2021 to CCC from CCC+. “The downgrade...
View ArticleHorsehead Holding Objections Filed
Multiple Parties–including Wells Fargo Equipment Finance, Wells Fargo Rail Corporation, Wells Fargo Rail Services; F.S. Sperry Corp; Query-Pritchard Construction, Northeast Investors Trust, Western...
View ArticleBreitburn Energy Partners Financing Approved
The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion for authority to (a) obtain post-petition financing, (b) use cash collateral, and (c) grant certain protections to pre-petition...
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