Caesars Entertainment Update Issued
According to documents filed with the SEC, Caesars Entertainment (CEC) reports limited unrestricted cash available to meet its financial commitments. CEC notes that this is primarily the result of...
View ArticleChinaCast Education Chapter 11 Petition Filed
ChinaCast Education (f/k/a ChinaCast Communications and Great Wall Acquisition) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number...
View ArticleAmerican Apparel Administrator Appointed
According to KPMG, Jim Tucker and Richard Beard of KPMG were appointed joint administrators of American Apparel (UK) Ltd and American Apparel (Carnaby) Ltd (the Companies). The Companies run the U.K....
View ArticleLRI Holdings Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court issued an order confirming LRI Holdings’ First Amended Joint Plan of Reorganization. As previously reported, “On September 20, 2016, the Debtors, Creditors’ Committee and the...
View ArticleParagon Offshore President and C.E.O. Appointed
According to a corporate release, Paragon Offshore’s board of directors appointed, effective immediately, Dean E. Taylor (a director of the Company since its founding in 2014) to serve as interim...
View ArticleDoral Properties Plan Effective
Doral Properties’ Chapter 11 Plan of Liquidation became effective following the August 10, 2016 U.S. Bankruptcy Court order confirming the Plan. As previously reported, “Among other things, the Plan...
View ArticleBioNitrogen Holdings Extension Approved
The U.S. Bankruptcy Court approved BioNitrogen Holdings’ fourth motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleChina Fishery Group Trustee Named
The U.S Trustee filed with the U.S. Bankruptcy Court a notice of appointment of a Chapter 11 trustee to the bankruptcy case of China Fishery Group’s Debtor affiliate CFG Peru Singapore. The notice...
View ArticleGolfsmith International Holdings Objection Filed
Benderson Development Company, DDR, Excel Trust and Regency Centers (collectively, “Landlords”) filed with the U.S. Bankruptcy Court an objection to Golfsmith International Holdings’ sale of...
View ArticlePulmatrix, Inc. Going Concern
In Form 10-Q filed on November 4, 2016, Pulmatrix, Inc. filed their consolidated financial information for the quarter ended September 30, 2016. The Company stated that they will be required to raise...
View ArticleAmerican Apparel Files for Bankruptcy–Again!
American Apparel (f/k/a Endeavor Acquisition and Viva Radio) and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware. The Company, which...
View ArticleCHC Group Plan Filed
CHC Group filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan is a global settlement and...
View ArticleLife Partners Holdings Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of Life Partners Holdings’ Third Amended Joint Plan of Reorganization, dated October 27, 2016, is now available. The U.S. Bankruptcy Court confirmed the...
View ArticleCosi KERP Amendment Approved
The U.S. Bankruptcy Court approved Cosi’s expediated motion for an order amending its key employee retention program (KERP) for certain non-insider employees. The amendment adds 26 additional key...
View ArticleInternational Shipholding Objection Filed
Liberty Global Logistics filed with the U.S. Bankruptcy Court an objection to International Shipholding’s restructuring support agreement with SEACOR Capital. The objection asserts, “The RSA Motion...
View ArticleLINN Energy Backstop Agreement Approved
The U.S. Bankruptcy Court approved LINN Energy’s motion to enter into backstop agreement and pay related fees and expenses. As previously reported, “The terms of the $530 million fully backstopped, new...
View ArticleGreenHunter Resources Extension Sought
GreenHunter Resources filed with the U.S. Bankruptcy Court a motion to extend by 60 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through...
View ArticleSable Natural Resources Chapter 11 Petition Filed
Sable Natural Resources (f/k/a NYTEX Energy Holdings) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, case number 16-34422. The Company, which...
View ArticleNovation Companies Extension Approved
The U.S. Bankruptcy Court issued an order approving Novation Companies’ motion to extend by 90 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances...
View ArticleGolfsmith International Holdings KERP Approval Sought
Golfsmith International Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order approving the Debtors’ key employee retention program (KERP). The motion explains, “To successfully...
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