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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...

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Emerald 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....

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Optima 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...

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Performance 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...

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Memorial 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,...

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Cosi 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...

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Ciber 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...

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Avaya 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...

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SquareTwo 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...

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Novation 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,...

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China 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...

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Answers 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...

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Unilife 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...

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Ultra 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...

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Unilife 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;...

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Unilife 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...

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hhgregg 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...

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Novation 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...

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Forbes 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...

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International 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...

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