Chaparral Energy Extension Approved
The U.S. Bankruptcy Court approved Chaparral Energy’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleGolfsmith International Holdings Procedures, Bonus Program Approved
The U.S. Bankruptcy Court issued a final order approving Golfsmith International Holdings’ emergency motion for approval of (i) procedures for store closing sales, (ii) assumption of the liquidation...
View ArticleUCI Holdings Extension Approved
The U.S. Bankruptcy Court issued an order approving UCI Holdings’ motion to extend the exclusive period by 90 days during which the Company can file a Chapter 11 plan and solicit acceptances thereof...
View ArticleCore Resource Management Plan Filed
Core Resource Management filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. The Disclosure Statement asserts, “Administrative and other Priority...
View ArticleSunEdison Investigation Initiated
According to documents filed with the SEC, SunEdison’s senior vice president, general counsel and corporate secretary, Martin H. Truong, notes that the Company received notice that the SEC is...
View ArticlePacific Drilling S.A. Downgraded
On October 11, 2016, Moody’s Investors Service downgraded Pacific Drilling S.A.’s (PacDrilling) corporate family rating to Caa3 from Caa2, its probability of default rating to Caa3-PD from Caa2-PD and...
View ArticleNutroganics Chapter 7 Petition Filed
Nutroganics (f/k/a NutraBev International Holdings and Microlog Delaware) and two affiliated Debtors filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Delaware, case...
View ArticleUCI Holdings Backstop Commitment Agreement Approved
The U.S. Bankruptcy Court issued an order approving UCI Holdings’ motion to authorize and approve its (a) entry into a backstop commitment agreement and (b) payment of the backstop fees and expenses....
View ArticleEmerald Oil Extension Sought
Emerald Oil filed with the U.S. Bankruptcy Court a second motion to extend by 120 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through...
View ArticleScripsAmerica Bid Procedures Approval Sought
ScripsAmerica filed with the U.S. Bankruptcy Court a motion for an order (a) approving certain bid procedures in connection with the Debtor’s sale of certain of its assets, approving the form of the...
View ArticleBreitburn Energy Partners Objection Filed
Breitburn Energy Partners’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion to extend its exclusivity periods. The objection explains,...
View ArticleAtna Resources Plan Filed
Atna Resources filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Debtors have sold all of...
View ArticleHancock Fabrics Objection Filed
Pension Benefit Guaranty Corporation (PBGC’S) filed with the U.S. Bankruptcy Court a limited objection to Hancock Fabrics’ agreement with PBGC terminating the pension plan and appointing PBGC as...
View ArticleEnergy Future Holdings Leadership Team Announced
Energy Future Holdings (EFH) announced the appointment of a new leadership team effective as of October 4, 2016. The new team, each of whom was formerly with EFH, is charged with overseeing the...
View ArticleMidway Gold Extension Sought
Midway Gold filed with the U.S. Bankruptcy Court a fifth motion to extend by 90 days the exclusive period during which the Company can solicit plan acceptances through and including January 15, 2017....
View ArticleUCI Holdings Disclosure Statement Approved
The U.S. Bankruptcy Court approved UCI Holdings’ Disclosure Statement and scheduled a December 6, 2016 hearing to consider the Revised Joint Plan of Reorganization. Plan objections must be filed by...
View ArticleHercules Offshore Plan, Supplement Filed
Hercules Offshore filed with the U.S. Bankruptcy Court an Amended and Modified Joint Prepackaged Chapter 11 Plan that incorporates a mediation settlement. Documents filed with the Court explain, “Class...
View ArticleCosi Objections Filed
The U.S. Trustee (UST) assigned to the Cosi case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an order establishing bidding procedures and granting related relief and...
View ArticleSamson Resources Plan Filed
Samson Resources’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan. According to documents filed with the Court, “On the Effective Date, all Equity...
View ArticleNortel Networks Stipulation Approval Sought
Nortel Networks (NNI) filed with the U.S. Bankruptcy Court a motion authorizing NNI’s entry into and approving a stipulation with CRT Special Investments that resolves the claimant’s claims against...
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