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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...

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Aeropostale 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...

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Saratoga 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...

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Atlas 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...

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Chaparral 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...

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Samson 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,...

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Peabody 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...

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Hercules 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)...

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Nine 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...

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Energy 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...

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Arch 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...

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Caesars 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)...

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Halcon 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,...

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Arch 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...

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Energy 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....

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Breitburn 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....

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Constellation 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’...

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M.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...

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Monitronics 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...

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Halcon 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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