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Avaya 363 Sale Procedures Approval Sought

Avaya filed with the U.S. Bankruptcy Court a motion for entry of (i) an order approving bidding procedures in connection with the sale of the Debtors’ networking business, approving the form and manner...

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Implant Sciences Bankrutpcy Extension Approved

The U.S. Bankruptcy Court approved Implant Sciences’ motion to extend by 60 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...

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Bonanza Creek Energy Bankruptcy Objection Filed

Bonanza Creek Energy’s ad hoc equity committee filed with the U.S. Bankruptcy Court a redacted objection to the Company’s Amended Chapter 11 Plan. The objection explains, “The Prepackaged Plan is not...

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Ultra Petroleum Bankruptcy Stipulation Filed

Ultra Petroleum filed with the U.S. Bankruptcy Court a stipulation regarding reserve for disputed Opco funded debt claims and resolution of an objection to the Debtors’ Second Amended Joint Chapter 11...

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Millar Western Forest Products Ratings Lowered

On March 9, 2017, S&P Global Ratings lowered its long-term corporate credit rating on Millar Western Forest Products Ltd. to CC from B- and its senior unsecured notes to CC from B-. “The downgrade...

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Gander Mountain Bankrupt–Again

Privately-held Gander Mountain Company and Overton’s filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Minnesota, lead case number 17-30673. The Company, which operates...

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Chaparral Energy Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed Chaparral Energy’s First Amended Joint Plan of Reorganization. As previously reported, “Effective as of the Effective Date, the Bank of New York Mellon, in its...

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hhgregg Bid Procedures Approval Sought

hhgregg filed with the U.S. Bankruptcy Court a motion for an order (a) scheduling a bid procedure hearing, authorizing and approving bid procedures, approving notice procedures, scheduling a sale...

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Avaya Financing Approved

The U.S. Bankruptcy Court approved, on a final basis, Avaya’s financing motion. As previously reported, “The D.I.P. lenders and administrative agents are Citibank, Citigroup Global Markets, Barclays...

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Triangle USA Petroleum Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court issued an order confirming Triangle USA Petroleum’s Third Amended Joint Chapter 11 Plan of Reorganization. As previously reported, “On or about the Effective Date, New TUSA...

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Gordmans Stores Chapter 11 Bankruptcy Filing

Gordmans Stores and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nebraska, lead case number 17-80304. The Company, which is engaged in the...

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Goodman Networks Chapter 11 Bankruptcy

Goodman Networks (f/k/a Multiband) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-31575. The Company,...

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Sungevity Chapter 11 Bankruptcy

Privately-held Sungevity and three affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-10561. The Company, which offers...

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Erickson Bankruptcy Objections Filed

Multiple parties – including the Internal Revenue Service (IRS), Evoqua Water Technologies, Helivia International, Starlite Aviation Group, Chubb Companies and Wilmington Trust – filed with the U.S....

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Aeropostale Extension Approved

The U.S. Bankruptcy Court approved Aeropostale’s motion for an extension of the exclusive period during which the Company can file a plan and solicit acceptances thereof. The order states, “Pursuant to...

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Strategic Management Partners Chair Recognized

Strategic Management Partners, Inc.’s (SMP) Chairman John M. Collard, CTP, CITM was recognized by SmartCEO Magazine for his distinguished career and achievements in the turnaround community. Collard is...

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Ultra Petroleum Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed Ultra Petroleum’s Revised Second Amended Chapter 11 Plan. According to the Plan, “The New Board shall have seven (7) members. The five (5) members of the HoldCo...

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CHC Group Term Sheet Approved

The U.S. Bankruptcy Court issued an order approving CHC Group’s motion for an order authorizing the Debtors to enter into and perform under a restructuring lease term sheet with ANZ Leasing with...

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Peabody Energy Stipulation Filed

Peabody Energy filed with the U.S. Bankruptcy Court a stipulation with Citibank and agreed order regarding the allowed amount of first lien lender claims in connection with the Company’s Plan. The...

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Gordmans Stores Bid Procedures Approval Sought

Gordmans Stores filed with the U.S. Bankruptcy Court a motion to establish bidding procedures and approve the bid protections related to the disposition of certain assets free and clear of liens,...

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