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La Paloma Generating Company Chapter 11 Petition Filed

Privately-held La Paloma Generating Company and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-12700. The...

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Xtera Communications Procedures Approved

The U.S. Bankruptcy Court approved Xtera Communications’ procedures in connection with the sale of substantially all of the Debtors’ assets, scheduling related auctions and a hearing to consider...

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UCI Holdings Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed UCI Holdings’ Third Revised Joint Plan of Reorganization, proposed by the Debtors, the ad hoc committee of senior noteholders and the official committee of unsecured...

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CHC Group Extension Approved

The U.S. Bankruptcy Court approved CHC Group’s second motion to extend the exclusive period during which the Company can file a plan and solicit acceptances for its plan through and including February...

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Ultra Petroleum Bankruptcy Plan Filed

Ultra Petroleum filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Since executing the Plan Support...

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Basic Energy Services Bankruptcy Plan, Supplement Filed

Basic Energy Services filed with the U.S. Bankruptcy Court a First Amended Joint Prepackaged Chapter 11 Plan of Reorganization, which explains, “On the Effective Date, (i) the Reorganized Debtors shall...

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Key Energy Services Board Announced

According to documents filed with the SEC, Key Energy Services announced that upon its emergence from Chapter 11 protection, the term of any current members of the Company’s board of directors will...

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CHC Group Foreign Proceeding Approval Sought

CHC Group filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing a Debtor affiliate to commence a foreign an ancillary proceeding in the Cayman Islands with respect to CHC...

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Cosi Interim Financing Approved

The U.S. Bankruptcy Court issued a further interim order authorizing Cosi to obtain post-petition financing. The Debtors have requested the D.I.P. Loan Agreement be approved on an interim basis in the...

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Peabody Energy Equity Committee Sought

Mangrove Partners Master Fund filed with the U.S. Bankruptcy Court a motion seeking the appointment of an official committee of equity security holders in the Peabody Energy case. The motion explains,...

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LINN Energy Plan Filed

LINN Energy and its Debtor affiliates other than Linn Acquisition Company and Berry Petroleum Company filed with the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of Reorganization and related...

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Caesars Entertainment Operating Company Settlement Approved

The U.S. Bankruptcy Court issued an order approving Caesars Entertainment Operating Company’s motion to pursue an investment opportunity in Accel Entertainment. As previously reported, “Pursuant to the...

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American Gilsonite Plan Filed

American Gilsonite (AGC) filed with the U.S. Bankruptcy Court an Amended Joint Prepackaged Chapter 11 Plan of Reorganization, under which AGHC Interests (Class 6 ) claims are amended to add the...

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Triangle USA Petroleum Compromise Approval Sought

Triangle USA Petroleum filed with the U.S. Bankruptcy Court a motion to approve a compromise and settlement with Tidal Energy Marketing (U.S.). The motion explains, “Pursuant to the Settlement...

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Retail Industry Downgrades

On December 2, 2016, S&P Global Ratings lowered its corporate credit rating on Payless Inc. to B- from B, its first-lien term loan rating to B- from B and its second-lien term loan rating to CCC...

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Basic Energy Services Disclosure Statement Approved, Plan Confirmed

The U.S. Bankruptcy Court approved Basic Energy Services’ Disclosure Statement and concurrently confirmed the First Amended Joint Prepackaged Chapter 11 Plan of Reorganization. In a corporate release,...

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Implant Sciences Auction Cancelled

Implant Sciences filed with the U.S. Bankruptcy Court a notice of (i) cancelled auction and (ii) successful bidder. The notice states, “Pursuant to the Bidding Procedures Order, the deadline for...

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Energy Future Holdings Re-Solicitation Sought

Energy Future Holdings (EFH/EFIH) filed with the U.S. Bankruptcy Court a motion for entry of a supplemental order (a) binding holders of claims and interests to their prior ballots (other than holders...

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C&J Energy Services Objections Filed

Multiple parties – including the Texas Ad Valorem Taxing Jurisdictions, Ziad Abu Al-Ragheb, Blue Ribband Holdings, the Mississippi Department of Revenue, Ariba, SAP America, Nabors Corporate Services...

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Nortel Networks Reconsideration Sought

Liquidity Solutions (LSI) filed with the U.S. Bankruptcy Court a motion to reconsider its motion, objection and joinder to the Nortel Trade Claims Consortium’s (i) motion for reconsideration and...

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