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...
View ArticleSFX 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...
View ArticleInternational 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...
View ArticleCaesars 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...
View ArticleParagon 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...
View ArticleRepublic 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...
View ArticleConstellation 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...
View ArticleEmerald 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...
View ArticleXtera 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...
View ArticleEscalera 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...
View ArticleAmerican 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...
View ArticleBasic 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...
View ArticleLRI 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...
View ArticlePerseon 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...
View ArticleEnergy 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...
View ArticleBumble 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...
View ArticleTranstar 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...
View ArticleSunEdison 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...
View ArticleConstellation 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...
View ArticleInternational 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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