Miller Energy Resources Plan Effective
According to the U.S. Bankruptcy Court docket, Miller Energy Resources’ Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan...
View ArticleAmerican Natural Energy Plan Filed, Confirmed
American Natural Energy and Hillair Capital Investments filed with the U.S. Bankruptcy Court an “immaterially modified” Fourth Amended Joint Chapter 11 Plan of Reorganization. The Court subsequently...
View ArticleNoranda Aluminum Holding Emergency Motion Denied
According to the U.S. Bankruptcy Court docket, the Court issued an order denying Sherwin Alumina Company’s second emergency motion for coordination of the Noranda Aluminum Holding proceeding among the...
View ArticleAbeinsa Holding Chapter 11 Petition Filed
Abeinsa Holding and 13 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-10790. The Company, which is involved in the...
View ArticleWalter Energy Plan Liquidation Approved
According to the U.S. Bankruptcy Court docket, the Court approved Walter Energy’s (WEI) motion authorizing the Debtors to surrender and liquidate its Provident Life and Accident Insurance Company Plan...
View ArticleArch Coal RSA Amended
According to documents filed with the SEC, Arch Coal entered into an amendment (RSA Amendment), which provides for the waiver of the termination event that would have occurred on April 10, 2016 as a...
View ArticleHancock Fabrics Bidder Determined
Hancock Fabrics filed with the U.S. Bankruptcy Court a notice of successful bidder with respect to its sale motion. The notice states, “the Debtors, in consultation with the Committee and counsel to...
View ArticleNew Gulf Resources Compromise Approved
According to the U.S. Bankruptcy Court docket, the Court approved New Gulf Resources’ motion to approve a compromise, under Rule 9019, with respect to a settlement agreement by and between the Debtors...
View ArticleSwift Energy Bankruptcy Reorganization Approved
The U.S. Bankruptcy Court confirmed Swift Energy’s Second Amended Joint Plan of Reorganization. Upon Plan implementation, the pre-petition senior noteholders, contract rejection claimholders and D.I.P....
View ArticleHancock Fabrics Sale Approved, GOB Sales Commence
The U.S. Bankruptcy Court approved Hancock Fabrics’ motion for an order approving the sale of assets free and clear of all liens, claims, encumbrances and other interests (pursuant to agency agreement...
View ArticleSmall Business Development Group Dismissal Sought
The U.S. Trustee assigned to the Small Business Development Group case filed with the U.S. Bankruptcy Court a motion to dismiss Small Business Development Group’s Chapter 11 proceeding. The Trustee...
View ArticleGreenHunter Resources APA Amended
GreenHunter Resources filed with the U.S. Bankruptcy Court an amended stalking horse asset purchase agreement related to its motion to sell property free and clear of liens and approving sale and...
View ArticleAzure Midstream Partners Potential Default
On March 30, 2016, Azure Midstream Partners, LP announced that the Partnership does not currently have adequate liquidity to repay all of its outstanding debt in full if such debt were accelerated. As...
View ArticlePostRock Energy Chapter 11 Petition Filed
PostRock Energy and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Oklahoma, lead case number 16-11230. The Company, which engages in...
View ArticleCal Dive International Distribution Approval Sought
Cal Dive International filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtors to distribute lien reserves related to the vessels Texas and Cal Diver I. The motion explains,...
View ArticleMolycorp Plan Confirmation Reported
Molycorp announced that the U.S. Bankruptcy Court has indicated that it will issue an order confirming its Fourth Joint Amended Plan of Reorganization; however that order has not yet been docketed by...
View ArticleOsage Exploration and Development Sale Approved
The U.S. Bankruptcy Court issued an order (a) authorizing and approving (i) the asset purchase agreement to purchaser Red Bluff Resources Operating; (ii) the sale of the Debtors’ assets free and clear...
View ArticleParagon Offshore Plan Filed
Paragon Offshore filed with the U.S. Bankruptcy Court a Second Amended Chapter 11 Plan and related Disclosure Statement. According to documents filed with the Court, “[E]ach holder of an Allowed...
View ArticleAspect Software Parent Objections Filed
The U.S. Trustee assigned to the Aspect Software Parent case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion to authorize and approve the performance award program. The Trustee...
View ArticleRCS Capital Compromise Approved
According to the U.S. Bankruptcy Court docket, the Court approved RCS Capital’s compromise settlement by and among the Debtors, its former employees and Lightyear Capital. As previously reported, “The...
View Article