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Emerald Oil Chapter 11 Petition Filed

According to the U.S. Bankruptcy Court docket, Emerald Oil filed for Chapter 11 protection in Wilmington, DE. The Company operates or has royalty or working interests in approximately 100 oil and gas...

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Quantum Fuel Systems Technologies Worldwide Chapter 11 Petition Filed

Quantum Fuel Systems Technologies Worldwide filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, case number 16-11202. According to a corporate release,...

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Osage Exploration and Development Objection Filed

According to the U.S. Bankruptcy Court docket, Osage Exploration and Development’s official unsecured creditors’ committee filed an objection to the Debtor’s motion for entry of an order authorizing...

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SFX Entertainment KEIP/KERP Approved

According to documents filed with the U.S. Bankruptcy Court, the Court approved SFX Entertainment’s motion for an order approving its implementation of (i) a key employee incentive plan (KEIP) and (ii)...

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Republic Airways Holdings Abandonment Approved

The U.S. Bankruptcy Court approved Republic Airways Holdings’ motion for an order (i) authorizing the Debtors to transfer title to and abandon certain owned aircraft and engines and reject related...

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KaloBios Pharmaceuticals LOI Amendment Approved

According to the U.S. Bankruptcy Court docket, the Court approved KaloBios Pharmaceuticals’ motion to approve an amendment to its motion for an order (i) approving a letter of intent (LOI) and term...

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Prime Clerk Senior Leadership Expansion Announced

Prime Clerk announced the continued expansion of its senior leadership team with the additions of Abigail Lerner and David Sharp. Lerner, a Director, has nearly ten years of restructuring experience....

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Aspect Software Parent Plan Filed

Aspect Software Parent filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement, which notes, “The Plan contemplates the following recoveries to...

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Magnum Hunter Resources Extension Sought

Magnum Hunter Resources filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Debtors can file a Chapter 11 plan and solicit acceptances thereof both through and...

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Noranda Aluminum Holding Mediation Participation Sought, Granted 03/24/16

According to documents filed with the U.S. Bankruptcy Court, Noranda Aluminum Holding creditor Sherwin Alumina Company filed an emergency motion for an order authorizing the Court-appointed mediator to...

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GreenHunter Resources Sale Notice Filed

GreenHunter Resources filed with the U.S. Bankruptcy Court a notice of auction and sale; solicitation of initial bids; bidding procedures; auction; sale hearing and related relief and dates regarding...

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American Media, Inc. Distressed Debt Exchange

On March 23, 2016, Standard & Poor’s Ratings Services lowered its corporate credit rating on American Media, Inc. to SD from CCC+ and its 11.5% senior notes due December 2017 to D from CCC+....

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Southcross Holdings Prepackaged Chapter 11 Bankruptcy

According to the U.S. Bankruptcy Court docket, Southcross Holdings and 11 affiliated Debtors filed for Chapter 11 protection. The Company, which owns and operates gathering and fractionation assets in...

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Cetera Financial Holdings Chapter 11 Petition, Plan Filed

Cetera Financial Holdings (f/k/a Finch Holdings) and 17 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-10733. The...

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IMRIS Dismissal Sought

IMRIS filed with the U.S. Bankruptcy Court a motion for an order (a) authorizing and approving the claims resolution process, (b) approving payments to administrative and priority claimholders and (c)...

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Verso Plan Filed

According to the U.S. Bankruptcy Court docket, Verso filed a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement, which notes, “Under the Plan, 100% of the equity of Reorganized...

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Abengoa, S.A. Chapter 15 Petition Filed

According to the U.S. Bankruptcy Court docket, Seville, Spain-based Agengoa and more than 20 affiliated Debtors filed for Chapter 15 protection in Wilmington, DE. Concurrent with the Chapter 15 filing,...

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Nortel Networks Conversion Sought

Liquidity Solutions (LSI) filed with the U.S. Bankruptcy Court a motion for entry of order (a) authorizing and directing Nortel Networks (NNI) to make interim distributions on allowed administrative,...

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Molycorp Plan Filed

Molycorp filed with the U.S. Bankruptcy Court a Fourth Amended Joint Plan of Reorganization, which notes, “The Effective Date shall not occur and the Plan shall not be consummated unless and until each...

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Alpha Natural Resources CBA Benefit Rejection Sought

Alpha Natural Resources filed with the U.S. Bankruptcy Court a motion to (I) reject certain collective bargaining agreements and (ii) modify certain retiree benefit obligations. The motion explains,...

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