Unilife Bankruptcy KERP Approved
The U.S. Bankruptcy Court approved Unilife’s motion for approval of its redacted key employee retention plan (KERP). As previously reported, “The Plan provides for retention payments to the Eligible...
View ArticleMemorial Production Partners Bankruptcy Reorganization Effective
Memorial Production Partners’ Second Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection under the name Amplify Energy. The U.S. Bankruptcy Court...
View ArticlePermian Resources Distressed Debt Exchange
On May 3, 2017, S&P Global Ratings lowered its corporate credit rating on Permian Resources LLC to SD from CCC and its second-lien secured and unsecured debt ratings to D from CC. “The downgrade...
View ArticleHampshire Group Exclusivity Extension Approved
The U.S. Bankruptcy Court approved Hampshire Group’s 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...
View ArticleCommonwealth of Puerto Rico Bankruptcy Committee Sought
Commonwealth of Puerto Rico’s ad hoc retiree committee filed with the U.S. District Court a motion for an order directing the appointment of an official retiree committee and appointing the...
View ArticleChina Fishery Group Bankruptcy Objections Filed
Multiple parties–including Malayan Banking Berhad (Maybank), Hong Kong Branch; CooperatieveRabobank, DBS Bank (Hong Kong), Standard Chartered Bank (Hong Kong), the club lender parties; Bank of America...
View ArticleBreitburn Energy Partners Bankruptcy Extension Sought
Breitburn Energy Partners filed with the U.S. Bankruptcy a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleHancock Fabrics Bankruptcy Liquidation Plan Filed
Hancock Fabrics filed with the U.S. Bankruptcy Court a Second Amended Joint Chapter 11 Plan of Liquidation and related Disclosure statement. According to the Disclosure Statement, “The Plan provides...
View ArticleGoodman Networks Bankruptcy Plan Summarized
BankruptcyData’s detailed analysis and summary of Goodman Networks’ Amended Joint Prepackaged Chapter 11 Plan of Reorganization, dated May 2, 2017, is now available. The U.S. Bankruptcy Court confirmed...
View ArticleNortel Networks Bankruptcy Reorganization Plan Effective
Nortel Networks’ First Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed Nortel Networks’ Plan on...
View ArticleImplant Sciences Bankruptcy Plan Filed
Implant Sciences filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the...
View ArticleOptima Specialty Steel PSA Filed
Optima Specialty Steel filed with the U.S. Bankruptcy Court a plan support agreement (PSA) relating to the Debtors’ motion for entry of an order (i) authorizing Debtors’ entry into and performance...
View ArticleUnilife Bankruptcy KEIP Approved
The U.S. Bankruptcy Court approved Unilife’s key employee incentive plan (KEIP). As previously reported, “The KEIP is designed to provide the Eligible Employees with performance bonus payments in order...
View ArticleSunEdison Bankruptcy Objection Filed
SunEdison’s ad hoc shareholder committee filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The objection asserts, “The Ad Hoc Shareholder Committee is a group of...
View ArticleNovation Companies Indenture, Senior Notes Amended
Novation Companies filed with the U.S. Bankruptcy Court a notice of filing form of (a) amended indenture and (b) amended senior notes pursuant to the Debtors’ First Amended Joint Chapter 11 Plan of...
View ArticleAdeptus Health Bankruptcy Objections Filed
Wexford Spectrum Investors and Debello Investors filed with the U.S. Bankruptcy Court objections (i) to Adeptus Health’s motion to retain DLA Piper (US) as special counsel and (ii) the motion to limit...
View ArticleAzure Midstream Partners Bankruptcy Supplement Filed
Azure Midstream Partners filed with the U.S. Bankruptcy Court a Supplement to the Company’s Third Amended Joint Plan of Liquidation. The Supplement contains the following documents: Exhibit A: amended...
View ArticleFTI Consulting Expansion Announced
FTI Consulting, Inc. announced the expansion of the firm’s Retail & Consumer Products practice with the addition of three Senior Managing Directors in the United States and Australia. J.D. Wichser,...
View ArticleNephroGenex Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court issued an order confirming NephroGenex’s modified Plan of Reorganization. As previously reported, “The total number of shares of stock which the corporation is authorized to...
View ArticleVanguard Natural Resources Continuation Sought
Vanguard Natural Resources filed with the U.S. Bankruptcy Court separate emergency motions to continue until May 26, 2017 the May 16, 2017 final hearing to consider the Debtors’ D.I.P. financing motion...
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