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Xtera Communications Chapter 11 Petition Filed

Xtera Communications and seven affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-12577. The Company, which sells...

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SFX Entertainment Plan Confirmed

The U.S. Bankruptcy Court confirmed SFX Entertainment’s Fifth Amended Joint Plan of Reorganization. According to documents filed with the Court, “The Plan proposes the issuance of three classes of...

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International Shipholding Plan Filed

International Shipholding (ISH) filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement: Holders of other...

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Caesars Entertainment Operating Company Repayment Approved

The U.S. Bankruptcy Court issued an order approving Caesars Entertainment Operating Company’s motion to repay certain first lien note obligations and make a cash distribution to holders of secured...

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Paragon Offshore Plan Denied

The U.S. Bankruptcy Court issued an order denying confirmation of Paragon Offshore’s Amended Joint Chapter 11 Plan. The Court asserts, “As set forth in the Court’s oral ruling on October 28, 2016, the...

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Republic Airways Holdings Plan Filed

Republic Airways Holdings filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Specifically: The Plan...

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Constellation Enterprises Objections Filed

The U.S. Trustee assigned to the Constellation Enterprises case and the Internal Revenue Service filed with the U.S. Bankruptcy Court separate objections to the Debtors’ motion for entry of an order...

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Emerald Oil Sale Completed

According to a corporate release, Emerald Oil officially completed the Section 363 sale process after completing all required actions and satisfying the conditions of its bankruptcy sale plan. The...

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Xtera Communications Financing Approval Sought

Xtera Communications filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders authorizing the debtors to obtain post-petition financing, granting liens and providing...

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Escalera Resources Objections Filed

Escalera Resources and Societe Generale filed with the U.S. Bankruptcy Court separate objections to the official committee of unsecured creditors’ motion to appoint a Chapter 11 trustee. Escalera...

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American Eagle Energy Plan Confirmed

The U.S. Bankruptcy Court issued an order confirming American Eagle Energy’s Further Revised Joint Chapter 11 Plan of Liquidation. As previously reported, “The secured portion of the Senior Secured...

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Basic Energy Services KERP Approved

The U.S. Bankruptcy Court issued an order approving Basic Energy Services’ key employee retention program (KERP). As previously reported, “For the KERP to achieve an appropriate offset of the reduced...

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LRI Holdings RSA Approved

The U.S. Bankruptcy Court approved LRI Holdings’ motion to assume a restructuring support agreement. As previously reported, “Pursuant to the Restructuring Support Agreement, the Supporting Parties...

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Perseon Disclosure Statement Filed

Perseon filed with the U.S. Bankruptcy Court a Disclosure Statement for the Debtor’s Plan pursuant to Chapter 11 of the U.S. Bankruptcy Code. According to documents filed with the Court, holders of...

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Energy Future Holdings Opinion Issued

The U.S. Bankruptcy Court issued an opinion related to Delaware Trust Company’s motion to partially vacate judgment of the Court’s previous opinion ruling that Plan distributions and adequate...

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Bumble Bee Holdings, Inc. Downgraded

On November 15, 2016, S&P Global Ratings lowered its corporate credit rating on Bumble Bee Holdings, Inc. to B- from B, its $605 million senior secured notes due December 2017 to B- from B and its...

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Transtar Holding Chapter 11 Petition, Plan Filed

Privately-held Transtar Holding and more than 40 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 16-13245 (DACCO...

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SunEdison Extension Approved

The U.S. Bankruptcy Court approved SunEdison’s second 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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Constellation Enterprises Settlement Approved

The U.S. Bankruptcy Court approved Constellation Enterprises’ motion to approve a compromise and settlement by and among the Debtors, the United States Environmental Protection Agency (EPA), the...

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International Shipholding Bid Procedures Approved

The U.S. Bankruptcy Court approved International Shipholding’s motion for (i) an order establishing bidding procedures and (ii) an order or orders approving the sale of the Debtors’ assets in the...

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