Ultra Petroleum Extension Approved
The U.S. Bankruptcy Court approved Ultra Petroleum’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleTriangle USA Petroleum Severance Payments Approved
The U.S. Bankruptcy Court issued an order approving Triangle USA Petroleum’s motion to make severance payments to certain departing employees. As previously reported, “After a thoughtful and careful...
View ArticleCore Resource Management Trustee Appointed
The U.S. Bankruptcy Court approved Core Resource Management’s official committee of unsecured creditors’ renewed and expedited motion to appoint a Chapter 11 trustee. As previously reported, “Committee...
View ArticleRepublic Airways Holdings Objection Filed
Wells Fargo Bank Northwest and ALF VI (together, the “Residco Parties”) filed with the U.S. Bankruptcy Court an objection to Republic Airways Holdings’ Second Amended Joint Plan of Reorganization. The...
View ArticleUltra Petroleum Financials Announced
Ultra Petroleum announced fourth quarter and full-year 2016 operating and financial results, reporting adjusted net income of $119.2 million, or $0.77 per diluted share, and operating cash flow of...
View ArticleViolin Memory Plan Filed
Violin Memory filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and a related Disclosure Statement. Among other things, the Disclosure Statement adds the following...
View ArticleAlvarez & Marsal Expansion Announced
Alvarez & Marsal (A&M) announced that the firm continues to grow its practices in the Middle East with the appointment of Neil Hayward as Managing Director and head of the region’s...
View ArticleAzure Midstream Partners Bankruptcy Bid Procedures Approved
The U.S. Bankruptcy Court issued an order approving Azure Midstream Partners’ motion for expedited consideration of its motion for the sale of substantially all of the Debtors’ assets; approving the...
View ArticleFirstEnergy Solutions Possible Bankruptcy
In Form 10-K filed on February 21 2017, FirstEnergy Solutions Corp.’s (FES) auditor, PricewaterhouseCoopers LLP, raised substantial doubt about the Company’s ability to continue as a going concern....
View ArticleMemorial Production Partners Bankruptcy Plan Filed
Memorial Production Partners filed with the U.S. Bankruptcy Court an Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The proposed...
View ArticleBonanza Creek Energy RSA Approval Sought
Bonanza Creek Energy filed with the U.S. Bankruptcy Court a motion for entry of an order approving its restructuring support agreement (RSA) with the Debtors’ revolving lenders and granting related...
View ArticleNephroGenex PSA Approved
The U.S. Bankruptcy Court approved NephroGenex’s entry into a plan support agreement (PSA) with Medpace. As previously reported, “The Term Sheet contemplates a plan of reorganization pursuant to which...
View ArticleUltra Petroleum Contracts Announced
Ultra Petroleum announced that the Company has renegotiated its existing gas processing contracts with Enterprise Products Partners and Williams Partners. Ultra Petroleum expects these new contracts to...
View ArticleEnergy Future Holdings Objection Filed
Energy Future Holdings filed with the U.S. Bankruptcy Court an objection to the Internal Revenue Service’s (IRS) proofs of claims for unpaid taxes or penalties or, in the alternative, request that the...
View ArticleEnergy Future Holdings Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of Energy Future Holdings’ (EFH) Eighth Amended Joint Plan of Reorganization, dated February 16, 2017, is now available. The U.S. Bankruptcy Court...
View ArticleAbengoa Bioenergy US Holdings Bankruptcy Plan Filed
Abengoa Bioenergy US Holdings filed with the U.S. Bankruptcy Court a Third Amended Joint Plans of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “Bioenergy Debtors...
View ArticleErickson Rights Offering Announced
According to documents filed with the SEC, Erickson has agreed to solicit participation in a rights offering which contemplates a new money investment (“Rights Offering” of up to $30.0 million by...
View ArticleVanguard Natural Resources Continuation Sought
Vanguard Natural Resources filed with the U.S. Bankruptcy Court three separate emergency motions to continue until March 1, 2017 the final hearings to consider the Debtors’ (i) D.I.P. financing motion;...
View ArticleEMAS Chiyoda Subsea Chapter 11 Bankruptcy
Privately-held EMAS Chiyoda Subsea (f/d/b/a Aker Marine Contractors US and EMAS-AMC) and 14 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleBCBG Max Azria Group Chapter 11 Bankruptcy
Privately-held BCBG Max Azria Group and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-10466 (BCBG Max...
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