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LINN Energy Backstop Agreement Approval Sought

Linn Acquisition Company (LAC) and Berry Petroleum Company filed with the U.S. Bankruptcy Court a motion for entry of an order (i) approving (a) entry into a backstop agreement, (b) payment of related...

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Energy XXI Disclosure Statement Supplement Approved

The U.S. Bankruptcy Court approved Energy XXI’s Second Supplement to the Third Amended Disclosure Statement. The Supplement sets forth modifications to the Second Amended Joint Chapter 11 Plan....

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Performance Sports Group Objections Filed

Performance Sports Group’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to its motion for D.I.P. financing approval and the use of cash collateral. The...

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Key Energy Services Bankruptcy Plan Supplement Filed

Key Energy Services filed with the U.S. Bankruptcy Court a Supplement to its Joint Prepackaged Plan of Reorganization. The Supplement contains the following documents: Exhibit A: amended and restated...

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Performance Sports Group D.I.P. Agreement Amended

According to documents filed with the SEC, Performance Sports Group entered into (i) Amendment No. 1 to its super-priority D.I.P. term loan credit agreement to its super-priority term loan credit...

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ScripsAmerica Objections Filed

The U.S. Trustee assigned to the ScripsAmerica case and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court separate objections to the motion for disbandment of the...

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Hercules Offshore Bankruptcy Plan Summarized

  BankruptcyData’s detailed analysis and summary of Hercules Offshore’s Modified Joint Prepackaged Plan of Reorganization, dated October 18, 2016, is now available. The U.S. Bankruptcy Court confirmed...

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International Shipholding RSA Approved

The U.S. Bankruptcy Court approved International Shipholding’s motion to enter into a restructuring support agreement (RSA) with Seacor Capital. As previously reported, “After concluding a...

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DirectBuy Holdings Objections Filed

The U.S. Trustee assigned to the DirectBuy Holdings’ case and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court separate objections to the Debtors’ motion (a) for an...

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Ultra Petroleum Plan Support Agreement Filed

Ultra Petroleum announced its entry into a plan support agreement (PSA) and backstop commitment agreement with (i) holders of a substantial majority of the principal amount of its outstanding 5.750%...

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Triangle USA Petroleum Extension Approved

The U.S. Bankruptcy Court issued an order approving Triangle USA Petroleum’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof...

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American Gilsonite Company Financing Approved

The U.S. Bankruptcy Court approved on a final basis, American Gilsonite Company’s motion to obtain post-petition financing, use cash collateral, grant certain protections to pre-petition secured...

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Ultrapetrol (Bahamas) Limited to File Bankruptcy

In Form 6-K filed on November 18, 2016, Ultrapetrol (Bahamas) Limited announced that it and certain of its subsidiaries have entered into a Restructuring Support Agreement with certain holders of the...

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Pacific WebWorks Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed Pacific WebWorks’ Plan of Liquidation. According to documents filed with the Court, “Outside of the net proceeds from the Asset Sales and the Settlements and other...

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International Shipholding Extension Sought

International Shipholding filed with the U.S. Bankruptcy Court a 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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Republic Airways Holdings Merger Approved

The U.S. Bankruptcy Court approved Republic Airways Holdings’ motion, pursuant to Sections 105(a) and 363(b) of the Bankruptcy Code and Bankruptcy Rule 6004, for approval of (i) the merger of Shuttle...

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SFX Entertainment Plan Summarized

BankruptcyData’s detailed analysis and summary of SFX Entertainment’s Fifth Amended Joint Plan of Reorganization, dated September 30, 2016, is now available. The U.S. Bankruptcy Court confirmed the...

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LINN Energy Objections Filed

Multiple parties – including Fox Mining, Dianne’s Oil & Gas, Falcon Trust, Irish Royalties, Kelly Burrows, Martin Family Royalty, NERD Royalties, Casey Osborn, SAM Oil & Gas, VA Royalties, WRW...

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Premier Exhibitions Termination Motion Filed

Euclid Investments and Euclid Claims Recovery filed with the U.S. Bankruptcy Court a motion for entry of order terminating Premier Exhibitions’ exclusive period to file a Chapter 11 plan and solicit...

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Nortel Networks Plan Filed

Nortel Networks (NNI) filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan...

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