Paragon Offshore Sale Approval Sought
Paragon Offshore filed with the U.S. Bankruptcy Court a motion for authorization to sell its L782 Rig and L783 Rig free and clear of all liens, claims, encumbrances and other interests to Dixstone...
View ArticleEmerald Oil Bankruptcy Reorganization Plan Effective, Summarized
Emerald Oil’s Amended Joint Plan of Liquidation (as Modified), became effective and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 24, 2017....
View ArticleOptima Specialty Steel Bankruptcy Sale Approved
The U.S. Bankruptcy Court approved Optima Specialty Steel’s (a) motion for the sale of property free and clear of liens, claims, encumbrances and other interests – except for permitted exceptions of...
View ArticlePerformance Sports Group Name Change Approved
The U.S. Bankruptcy Court approved approving Performance Sports Group’s motion to amend its caption to reflect changes to its corporate name. As previously reported, “Pursuant to the authority granted...
View ArticleMemorial Production Partners Bankruptcy Objection Filed
The U.S. Trustee (UST) assigned to the Memorial Production Partners case filed with the U.S. Bankruptcy Court an objection to the Company’s Amended Joint Plan of Reorganization. The objection explains,...
View ArticleCosi Liquidating Trustee Appointed
Cosi filed with the U.S. Bankruptcy Court a notice of the appointment of a liquidating trustee, pursuant to the Company’s First Amended Joint Plan of Reorganization. The notice states, “Cosi, on behalf...
View ArticleCiber Sale Procedures Approval Sought
Ciber filed with the U.S. Bankruptcy Court a (i) motion for sale of property free and clear of liens, claims, encumbrances and interests and (ii) an order establishing bidding procedures relating to...
View ArticleAvaya Exclusivity Extension Sought
Avaya filed with the U.S. Bankruptcy Court a motion to extend its exclusivity period by 120 days, seeking entry of an order extending the Debtors’ exclusive periods to file a Chapter 11 plan and...
View ArticleSquareTwo Financial Bankruptcy Objection Filed
Cigna Health and Life Insurance Company filed with the U.S. Bankruptcy Court an objection to SquareTwo Financial’s assumption of executory contracts and unexpired leases and cure in connection with the...
View ArticleNovation Companies Reorganization Details Approved
The U.S. Bankruptcy Court approved Novation Companies’ First Amended Disclosure Statement and scheduled a May 31, 2017 hearing to consider the First Amended Joint Chapter 11 Plan of Reorganization,...
View ArticleChina Fishery Group Bankruptcy Sale Approved
The U.S. Bankruptcy Court approved China Fishery Group’s Chapter 11 trustee’s motion for an order authorizing (a) the private sale of non-debtor vessel Pacific Voyager (currently owned by Sustainable...
View ArticleAnswers Bankruptcy Reorganization Plan Confirmed
The U.S. Bankruptcy Court approved Answers’ Disclosure Statement and concurrently confirmed the Company’s Joint Prepackaged Plan of Reorganization. According to documents filed with the Court, the Plan...
View ArticleUnilife Chapter 11 Bankruptcy Petition Filed
Unilife and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-10805. The Company, which manufactures drug delivery...
View ArticleUltra Petroleum Bankruptcy Reorganization Complete
Ultra Petroleum’s Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan...
View ArticleUnilife D.I.P. Financing Approval Sought
Unilife filed with the U.S. Bankruptcy Court a motion for interim and final orders authorizing Debtors to obtain postpetition secured superpriority D.I.P. financing; authorizing cash collateral;...
View ArticleUnilife Sale Bid Procedures Approval Sought
Unilife filed with the U.S. Bankruptcy Court a motion to approve (i) sale bidding procedures in connection with the sale of substantially all of the Debtors’ assets, scheduling an auction and sale...
View Articlehhgregg Reduces Size of Board of Directors
hhgregg in its filings with the SEC, stated that its board of directors of the Company has determined to reduce its size to three members as the Company takes the necessary steps to liquidate the...
View ArticleNovation Companies Extension Approved with Revisions
The U.S. Bankruptcy Court issued an order, with revisions, approving Novation Companies’ second motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit...
View ArticleForbes Energy Services Bankruptcy Reorganization Plan Effective, Summarized
Forbes Energy Service’s Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March...
View ArticleInternational Shipholding Sale Approval Sought
International Shipholding filed with the U.S. Bankruptcy Court an expedited motion for entry of an order authorizing the Debtors to (i) consummate the sale of the vessel the Green Dale, (ii) reject the...
View Article