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Memorial Production Partners Chapter 11 Petition Filed

Memorial Production Partners (MEMP) and 14 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-30262. The Company,...

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Violin Memory KEIP Approved

The U.S. Bankruptcy Court approved Violin Memory’s key employee incentive plan (KEIP) and payment of a bonus. As previously reported, “The Debtor seeks to implement the KEIP for three (3) noninsider...

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Ultra Petroleum Objections Filed

Ultra Petroleum’s ad hoc committee of unsecured creditors, ad hoc committee of Holdco noteholders and ad hoc equity committee filed with the U.S. Bankruptcy Court separate objections to Ultra...

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2016 Business Bankruptcy Filings Up 26% Over 2015 | Free Bankruptcy Report...

BankruptcyData published its Q4 and Full Year 2016 Report of Business Bankruptcy Filings. A full PDF of the report, which is summarized below, can be downloaded directly to browsers at BankruptcyData....

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Caesars Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed Caesars Entertainment Operating Company’s (CEOC) Third Amended Joint Plan of Reorganization. Under the previously disclosed terms of the Plan, CEOC will emerge from...

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Modular Space Holdings RSA Approved

The U.S. Bankruptcy Court issued an order approving Modular Space Holdings’ restructuring support agreement (RSA). As previously reported, “By this Motion, the Debtors seek authority to assume (i) the...

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Roust Bankruptcy Plan Summarized

BankruptcyData’s detailed analysis and summary of Roust’s Amended and Restated Joint Prepackaged Plan of Reorganization, dated December 30, 2016, is now available. The U.S. Bankruptcy Court confirmed...

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Abengoa Bioenergy US Holdings Extension Sought

Abengoa Bioenergy US Holdings 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...

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Paragon Offshore Agreement Announced

According to a corporate release, Paragon Offshore has reached an agreement in principle with an ad hoc committee holding secured debt under the Company’s senior secured term loan maturing in July 2021...

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Metinvest Chapter 15 Petition Filed

Netherlands-based Metinvest filed for Chapter 15 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 17-10130. The Company, which operates as an integrated steel and...

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Ultra Petroleum Bankruptcy Plan Filed

Ultra Petroleum 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 Debtors may...

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Homer City Generation Engagement Letter Approved

The U.S. Bankruptcy Court approved Homer City Generation’s redacted motion for an order authorizing (a) assumption of engagement letter between the Debtor and Morgan Stanley Senior Funding, as lead...

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Xtera Communications Objection Filed

The United States, on behalf of the Defense Information Systems Agency (DISA), filed with the U.S. Bankruptcy Court an objection to Xtera Communications’ (i) proposed sale of assets and (ii) the...

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Avaya Chapter 11 Bankruptcy Petition Filed

Avaya and 17 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-10089. The Company, which provides telecommunications...

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Nine West Holdings Downgraded

On January 19, 2017, Moody’s Investors Service downgraded Nine West Holdings, Inc.’s corporate family rating to Caa3 from Caa2, probability of default rating to Caa3-PD from Caa2-PD, Senior Secured...

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Erickson Plan Filed

Erickson filed with the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the...

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Stone Energy Bid Procedures Approved

The U.S. Bankruptcy Court approved Stone Energy’s motion to assume a purchase and sale agreement with stalking horse bidder TH Exploration, break-up fee and expense reimbursement and the sale of...

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Peabody Energy Objection Filed

The U.S. Trustee assigned to the Peabody Energy case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an order (i) approving (a) a private placement agreement and (b)...

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Dakota Plains Holdings Financing Approved

The U.S. Bankruptcy Court issued a final order approving Dakota Plains Holdings’ D.I.P. financing motion. As previously reported, “SunTrust Bank, in its capacity as administrative agent, and several...

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Forbes Energy Services Prepackaged Bankruptcy Filing

Forbes Energy Services and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-20023. The Company, which...

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