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Adeptus Health Bankruptcy Ombudsman Appointed

The U.S. Bankruptcy Court issued an order directing the U.S. Trustee to appoint a patient care ombudsman to the Adeptus Health case. The order states, “The Court finds that the above-referenced Debtors...

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Vanguard Natural Resources Bankruptcy Deadline Extended

Vanguard Natural Resources filed with the U.S. Bankruptcy Court an emergency motion to extend the May 23, 2017 Disclosure Statement objection deadline. The motion explains, “By this motion, the Debtors...

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Optima Bankruptcy Objection Filed

Progressive Steel Workers of Hammond (PSWH) filed with the U.S. Bankruptcy Court an objection to Optima Specialty Steel’s Disclosure Statement. The objection asserts, “PSWH objects to the Motion on the...

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Westech Capital Bankruptcy Plan Filed

Westech Capital’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a Chapter 11 Plan (as Corrected) and a Second Amended Disclosure Statement. According to documents filed with the Court, “The...

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Hampshire Group Exclusivity Extension Sought

Hampshire Group filed with the U.S. Bankruptcy Court second motion to extend by 30 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through...

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Post-Chapter 11 Oil & Gas Stocks: Good Assets Freed From Shackles of Debt

The following excerpt is taken from George Putnam‘s The Turnaround Letter,  a monthly newsletter that shares 30+ years of Putnam’s investing insight, advice and stock purchase recommendations. When oil...

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Avaya Bankruptcy Plan Received

According to documents filed with the SEC, Avaya entered into separate confidentiality agreements effective as of May 16, 2017 with certain members of an ad hoc group of certain first and second lien...

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Vanguard Natural Resources Continuation Sought

Vanguard Natural Resources’ ad hoc equity creditors’ committee filed with the U.S. Bankruptcy Court an emergency motion to set a status conference on the Debtor’s Disclosure Statement and to continue...

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China Fishery Group DIP Financing Approval Sought

China Fishery Group’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a motion for an order authorizing the Company to obtain inter-company post-petition financing on a super-priority...

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Paragon Offshore Bankruptcy Administrators Appointed

Paragon Offshore announced that the High Court of Justice, Chancery Division, Companies Court of England and Wales granted an order appointing two partners of Deloitte LLP as administrators of the...

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Azure Bankruptcy Liquidation Plan Summarized

BankruptcyData’s detailed analysis and summary of Azure Midstream Partners’ Fifth Amended Joint Plan of Liquidation, dated May 19, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan...

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Gardere Wynne Sewell Restructuring Hirings Announced

Gardere Wynne Sewell LLP announced the bolstering of its Financial Restructuring and Reorganization Practice with the addition of three attorneys. Frank J. Wright, C. Ashley Ellis and Erin C. McGee...

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Oakridge Holdings Chapter 11 Petition Filed

Oakridge Holdings and one affiliated Debtor filed for Chapter 11 protection with the U.S. bankruptcy Court in the District of Minnesota, lead case number 17-31669. The Company, which designs, engineers...

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US Dataworks DIP Financing Approved

The U.S. Bankruptcy Court granted final approval to US Dataworks’ D.I.P. financing motion. As previously reported, “The Debtor has obtained a commitment for a fully underwritten $150,000...

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Performance Sports Group Exclusivity Extension Sought

Performance Sports Group filed with the U.S. Bankruptcy Court a second motion to extend, by 90 days, the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances...

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hhgregg Bankruptcy KERP Approval Sought

hhgregg filed with the U.S. Bankruptcy Court a motion for authority approving a key employee retention program ((KERP) for certain non-insiders. The motion explains, “The KERP is structured to ensure...

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21st Century Oncology Holdings Chapter 11 Bankruptcy Restructuring

21st Century Oncology Holdings (f/k/a Radiation Therapy Services Holdings) and more than 50 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...

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Mood Media Chapter 15 Petition Filed

Ontario, Canada-based Mood Media and multiple affiliated Debtors filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-11413. The...

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PFO Global Bankruptcy Liquidation Sought

PFO Global filed with the U.S. Bankruptcy Court an emergency motion to convert its Chapter 11 reorganization cases to liquidation under Chapter 7. The motion explains, “The Debtors believe conversion...

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Optima Specialty Steel DS Approved

The U.S. Bankruptcy Court issued an order approving Optima Specialty Steel’s Disclosure Statement and scheduled a June 29, 2017 hearing to consider the First Amended Joint Chapter 11 Plan, with...

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