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Multimedia Platforms Worldwide Chapter 11 Petition Filed

Multimedia Platforms Worldwide and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Florida, case number 16-23603. The Company, which...

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Samson Resources Mediator Sought

Samson Resources filed with the U.S. Bankruptcy Court a motion for entry of an order (a) appointing a mediator and (b) granting related relief. The motion explains, “The Debtors have made efforts to...

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SandRidge Energy Plan Effective

SandRidge Energy’s Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on September 20,...

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Peabody Energy Extension Sought

Peabody 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 seeking entry of a bridge order temporarily extending...

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Golfsmith International Holdings RSA Approval Sought

Golfsmith International Holdings filed with the U.S. Bankruptcy Court a motion for authority to assume a restructuring support agreement and granting related relief. The motion explains, “Immediately...

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Caesars Entertainment Operating Company Plan Filed

Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a Third Amended Joint Plan of Reorganization. According to documents filed with the Court, “On the Effective Date, OpCo...

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Arch Coal Chapter 11 Plan Effective

Arch Coal’s Fourth Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on September 15, 2016. Arch...

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Golfsmith International Holdings Objection Filed

Bexar County, Dallas County, Harris County, Montgomery County and Tarrant (jointly, the “Local Texas Tax Authorities”) filed with the U.S. Bankruptcy Court an objection to Golfsmith International...

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Warren Resources Chapter 11 Plan Effective

Warren Resources’ Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on September 14, 2016. Warren Resources...

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Murphy Energy Chapter 11 Petition Filed

Privately-held Murphy Energy and eight affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 16-33974. The Company, which...

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Caesars Entertainment Operating Company RSAs Filed

Caesars Entertainment Corporation (CEC) and Caesars Entertainment Operating Company (CECO) and its Chapter 11 debtor subsidiaries (collectively, “the Debtors”) jointly announced their entry into...

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Magnetation Global Settlement Approved

The U.S. Bankruptcy Court approved Magnetation’s joint combined motion and memorandum of law for an order for (i) approving a global settlement agreement, (ii) authorizing the Debtors to wind down...

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Golfsmith International Holdings Procedures Approved

The U.S. Bankruptcy Court approved Golfsmith International Holdings’ a motion for entry of an order (i)(a) approving bidding procedures for the sale of substantially all of the Debtors’ assets; (b)...

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Westech Capital Extension Approved

The U.S. Bankruptcy Court Westech Capital’s Chapter 11 trustee’s emergency motion for abatement of the hearing to consider the Company’s First Amended Plan and related Disclosure Statement and a...

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SunEdison Complaint Filed

Sun Edison shareholder Stephen A. Miller filed with the U.S. Bankruptcy Court a motion to compel the Court to order an investigation by the US Trustee and Federal Bureau of Investigation into alleged...

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Versar, Inc. Possible Going Concern

In Form NT 10-K filed on September 30, 2016, Versar, Inc. stated that it is currently in default under certain covenants of its current credit facility and is operating under a forbearance agreement...

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Nortel Networks Settlement Executed

Nortel Networks filed with the U.S. Bankruptcy Court a notice of execution of a settlement and plan support agreement. According to documents filed with the Court, “The Parties hereto agree to allocate...

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Pacific WebWorks Disclosure Statement Approved

The U.S, Bankruptcy Court approved Pacific WebWorks’ Disclosure Statement and scheduled a November 23, 2016 hearing to consider the Plan of Liquidation, with objections due by November 10, 2016....

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Emerald Oil Credit Agreement Amended

Emerald Oil’s administrative agent, Cortland Capital Market Services, filed with the U.S. Bankruptcy Court a notice second D.I.P. financing amendment for the Company’s amended and restated credit...

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Multimedia Platforms Trustee Sought

White Winston Select Assets Funds filed with the U.S. Bankruptcy Court a motion to appoint a Chapter 11 trustee and motion to prohibit the use of cash collateral in the Multimedia Platforms case. The...

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