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,...
View ArticleViolin 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...
View ArticleUltra 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....
View ArticleCaesars 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...
View ArticleModular 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...
View ArticleRoust 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...
View ArticleAbengoa 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...
View ArticleParagon 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...
View ArticleMetinvest 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...
View ArticleUltra 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...
View ArticleHomer 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...
View ArticleXtera 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...
View ArticleAvaya 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...
View ArticleNine 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...
View ArticleErickson 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...
View ArticleStone 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...
View ArticlePeabody 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)...
View ArticleDakota 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...
View ArticleForbes 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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