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Bonanza Creek Energy Settlement Reached

According to documents filed with the SEC, Bonanza Creek Energy has reached an agreement in principle with Silo Energy to settle certain claims. Under the settlement, Silo Energy’s unsecured claim will...

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SunEdison Bankruptcy Sale Approved

The U.S. Bankruptcy Court approved SunEdison’s motion for an order authorizing the private sale of the Company’s Commercial & Industrial (C&I) business to purchaser MyPower Corp. As previously...

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Peabody Energy Plan Filed, Disclosure Statement Approved

Peabody Energy filed with the U.S. Bankruptcy Court First Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Debtors’ restructuring will...

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Turnaround Letter Names Post-Bankruptcy Telecom in Free Top Stocks Report

George Putnam’s The Turnaround Letter released its top five stock recommendations for 2017, which includes post-bankruptcy telecom services provider NII Holdings (NASDAQ: NIHD). The Company has filed...

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Goodman Networks to File Prepackaged Chapter 11

On January 24, 2017, Goodman Networks Incorporated and its subsidiaries entered into a restructuring support agreement with holders of the Company’s 12.125% Senior Secured Notes due 2018 who hold more...

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Toisa Chapter 11 Petition Filed

Privately-held United Kingdom-based Toisa and 23 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-10184. The...

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LINN Energy Bankrutpcy Plans Confirmed

The U.S. Bankruptcy Court confirmed LINN Energy Debtors Linn Acquisition and Berry Petroleum’s Amended Joint Chapter 11 Plan of Reorganization. According to the Disclosure Statement, “The Plan provides...

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Peabody Energy Bankrupcy Plan Filed

Peabody Energy filed with the U.S. Bankruptcy Court Second Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The $75 million that the...

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Triangle USA Petroleum Commitment Agreement Amended

Triangle USA Petroleum filed with the U.S. Bankruptcy Court a notice of filing of Amendment No. 1 to its backstop commitment agreement. The notice states, “Pursuant to the Amendment, the Backstop...

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Dakota Plains Holdings APA Amended, Sale Approved

Dakota Plains Holdings filed with the U.S. Bankruptcy Court a first amendment to its asset purchase agreement (APA). The amendment notes, “On January 23, 2017, the Sellers held the Auction pursuant to...

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Azure Midstream Partners Chapter 11 Petition Filed

Azure Midstream Partners (f/k/a Marlin Midstream Partners) and 11 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number...

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Modular Space Holdings Objection Filed

United States/USAO filed with the U.S. Bankruptcy Court an objection to Modular Space Holdings’ Joint Prepackaged Plan of Reorganization and related Disclosure Statement. The objection asserts, “The...

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Xtera Communications Sale Approved

The U.S. Bankruptcy Court issued an order approving (1) the sale of substantially all of Xtera Communications’ assets pursuant to the stalking horse agreement free and clear of liens, claims,...

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Golfsmith International Holdings Extension Approved

The U.S. Bankruptcy Court approved Golfsmith International Holdings’ motion to extend by 120 days the exclusive period during which the Company may solicit acceptances for its Chapter 11 plan through...

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Nortel Networks Bankruptcy Plan Summarized

BankruptcyData’s detailed analysis and summary of Nortel Network’s First Amended Joint Chapter 11 Plan of Reorganization, dated January 23, 2017, is now available. The U.S. Bankruptcy Court confirmed...

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Homer City Generation RSA Approved

The U.S. Bankruptcy Court approved Homer City Generation’s motion for authority to assume a restructuring support agreement and granting related relief. As previously reported, “In light of the...

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Midway Gold Extension Approved

The U.S. Bankruptcy Court approved Midway Gold’s sixth motion to extend the exclusive period during which the Company may solicit acceptances for its Chapter 11 plan through and including February 22,...

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International Shipholding Sale Approved

The U.S. Bankruptcy Court approved International Shipholding’s motion for entry of an order (i) authorizing the Debtors to consummate the sale of the Oslo Wave; (ii) establishing January 1, 2017 as the...

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Hampshire Group Bankruptcy Objection Filed

Hampshire Group’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion to employ William Drozdowski as chief financial officer. The...

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Ultra Petroleum Stipulation Approval Sought

Ultra Petroleum filed with the U.S. Bankruptcy Court a motion for approval of a stipulation and consent order between the Debtors and Big West Oil. Under the stipulation, “Each of the Big West Claims...

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