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CHC Group Foreign Proceeding Approved

The U.S. Bankruptcy Court issued an order approving CHC Group’s motion for entry of an order authorizing a Debtor affiliate to commence a foreign and ancillary proceeding in the Cayman Islands with...

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Roust Bankruptcy Objection Filed

The United States of America, including on behalf the IRS, filed with the U.S. Bankruptcy Court an objection to Roust’s Amended and Restated Joint Prepackaged Plan of Reorganization. The objection...

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AFGlobal Downgraded by S&P Global

On January 5, 2017, S&P Global Ratings lowered its corporate credit rating on AFGlobal Corporation to CCC- from CCC, its first-lien debt rating to CCC- from CCC and its second-lien debt rating to C...

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C&J Energy Services Bankruptcy Plan Effective

C&J Energy Services’ Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the...

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SunEdison Extension Sought

SunEdison filed with the U.S. Bankruptcy Court a third 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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Samson Resources Global Settlement Filed

Samson Resources filed with the U.S. Bankruptcy Court a global settlement and continuance of the hearing to consider the Company’s Disclosure Statement. Documents filed with the Court note, “Under the...

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Violin Memory Bid Procedures Approved

The U.S. Bankruptcy Court approved Violin Memory’s motion for entry of (i) an order approving bidding procedures for the sale of substantially all of the Debtor’s assets, approving procedures for the...

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ScripsAmerica Objection Filed, Termination Sought

ScripsAmerica’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtor’s motion to extend the exclusive period during which the Company can file a...

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2016 Recap: Bankruptcies Up 25%; 41% of Filings from Oil & Gas/Energy Sector

BankruptcyData’s analysis indicates that public* company bankruptcy filings increased by more than 25% in 2016 on top of the 46% rise seen in 2015. A total of 99 publicly traded companies filed for...

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Walter Energy Conversion Sought

Walter Energy filed with the U.S. Bankruptcy Court a motion for an order (a) converting the Debtors’ Chapter 11 cases to liquidation under Chapter 7 and (b) granting related relief. The motion...

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Triangle USA Petroleum Objection Filed

Triangle Petroleum (TPC) acting through the special committee of the board of directors filed with the U.S. Bankruptcy Court an objection to Triangle USA Petroleum’s (TUSA) Disclosure Statement. The...

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Chaparral Energy Extension Sought

Chaparral Energy 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 including...

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Multimedia Platforms Dismissal, Conversion Motion Filed

White Winston Select Assets Funds filed with the U.S. Bankruptcy Court a motion to terminate automatic stay and for adequate protection, to confer White Winston Select Asset Funds with derivative...

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Homer City Generation Prepackaged Bankruptcy

Homer City Generation (a/k/a Homer City Funding) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 17-10086. The Company, which owns and operates a...

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Roust Disclosure Statement Approved, Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court approved Roust’s Disclosure Statement and concurrently issued an order confirming its Amended and Restated Joint Prepackaged Chapter 11 Plan. According to documents filed with...

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LINN Energy Extension Approved

The U.S. Bankruptcy Court approved LINN Energy’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including April...

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International Shipholding Disclosure Statement Approved

The U.S. Bankruptcy Court approved International Shipholding’s(ISH) Disclosure Statement and scheduled a February 16, 2017 hearing to consider its First Amended Joint Chapter 11 Plan of Reorganization....

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Performance Sports Group CBO Appointed

The U.S. Trustee assigned to the Performance Sports Group case appointed Michael St. Patrick Baxter as consumer privacy ombudsman. The Trustee notes, “The Ombudsman shall be compensated pursuant to 11...

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Limited Stores Company Chapter 11 Petition Filed

Privately-held Limited Stores Company (f/k/a Mod Times Fashion Group) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case...

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Perseon Bankruptcy Plan Effective

Perseon’s Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on December 28, 2016. BankruptcyData’s...

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