Quicksilver Resources Bankruptcy Plan Effective
Quicksilver Resources’ First Amended Joint Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on August...
View ArticleAeropostale Bankruptcy Extension Sought
Aeropostale 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 ArticleSaratoga Resources Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court confirmed Saratoga Resources’ Chapter 11 Plan of Reorganization. According to documents filed with the Court, “If Classes 1 (First Lien Lenders), 3 (Convenience Claims) and 4...
View ArticleAtlas Resource Partners Plan Effective
Atlas Resource Partners’ Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection with the new name Titan Energy. The U.S. Bankruptcy...
View ArticleChaparral Energy Extension Sought
Chaparral 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 ArticleSamson Resources Program Approved
The U.S. Bankruptcy Court issued an order approving Samson Resources’ non-insider incentive program for the period from August 16, 2016 until confirmation of the Debtors’ Plan. As previously reported,...
View ArticlePeabody Energy Stipulation Approved
Peabody Energy filed with the U.S. Bankruptcy Court a stipulation between (1) the Company and (2) Sierra Club and WildEarth Guardians (collectively the “Environmental Groups”). According to documents...
View ArticleHercules Offshore Sale Announced
According to documents filed with the SEC, Hercules Offshore Middle East (the seller), a subsidiary of Hercules Offshore, entered into a purchase and sale agreement with Advanced Energy Systems (ADES)...
View ArticleNine West Holdings, Inc. Downgrades
On August 26, 2016, S&P Global Ratings lowered its corporate credit rating on Nine West Holdings, Inc. to CCC from CCC+, secured first-lien debt rating to B- from B, senior unsecured term loan...
View ArticleEnergy Future Holdings Disclosure Statement Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a Disclosure Statement for the Third Amended Joint Plan of Reorganization related to the EFH Debtors and Energy Future Intermediate...
View ArticleArch Coal Bankruptcy Objections Filed
Multiple parties – including the U.S. Trustee assigned to the Arch Coal case, Union Pacific Railroad Company and Kentucky Utilities Company – filed with the U.S. Bankruptcy Court separate objections to...
View ArticleCaesars Entertainment Operating Company Payment Approved
The U.S. Bankruptcy Court issued an order approving Caesars Entertainment Operating Company’s motion to pay reasonable and documented fees and expenses (including legal and advisor fees and expenses)...
View ArticleHalcon Resources Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court issued an order approving Halcon Resources’ Disclosure Statement and concurrently confirming the Amended Joint Prepackaged Plan of Reorganization. As previously reported,...
View ArticleArch Coal Extension Sought
Arch Coal filed with the U.S. Bankruptcy Court a motion for an order extending the Debtors’ exclusive period during which the Company can file a plan from September 7, 2016 to October 7, 2016. The...
View ArticleEnergy XXI Emergency Vacating Motion Filed
Energy XXI’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion for an order vacating the Court’s July 18, 2016 order approving Energy XXI’s Disclosure Statement....
View ArticleBreitburn Energy Partners Objections Filed
The U.S. Trustee assigned to the Breitburn Energy Partners case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an order approving bonus programs for certain key employees....
View ArticleConstellation Enterprises Settlement Approval Sought
Constellation Enterprises and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion for an order approving a settlement by and among the Debtors, the creditors’...
View ArticleM.I.G. Bankruptcy Plan Filed
The Bank of New York Mellon, in its capacity as indenture trustee for M.I.G., filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the...
View ArticleMonitronics International’s Ratings Lowered
On September 8, 2016, S&P Global Ratings lowered its corporate credit rating on Monitronics International, Inc. to B- from B, its existing first-lien debt to B- from B and its $585 million senior...
View ArticleHalcon Resources Bankruptcy Plan Effective
Halcon Resources’ Amended Joint Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on September 8, 2016. As previously...
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