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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...

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ChinaCast 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...

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American 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....

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LRI 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...

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Paragon 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...

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Doral 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...

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BioNitrogen 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...

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China 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...

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Golfsmith 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...

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Pulmatrix, 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...

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American 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...

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CHC 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...

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Life 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...

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Cosi 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...

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International 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...

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LINN 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...

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GreenHunter 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...

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Sable 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...

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Novation 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...

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Golfsmith 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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