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NephroGenex Bankruptcy Reorganization Plan Effective

NephroGenex’s Plan of Reorganization became effective, and the Cmpany emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on May 10, 2017. BankruptcyData’s Plan Summary...

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GenOn Energy, Inc. Restructuring Update / S&P Lowers Ratings

In Form 8-K filed on May 23, 2017, GenOn Energy, Inc. entered into a Consent Agreement with NRG Energy, Inc. and the holders of the Notes, whereby GenOn, NRG and the Consenting Holders have agreed to...

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Dakota Plains Holdings Bankruptcy Objection Filed

The U.S. Trustee assigned to the Dakota Plains Holdings case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The Trustee asserts, “The information to be...

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Energy Future Holdings Bankruptcy Compromise Approved

The U.S. Bankruptcy Court approved Energy Future Holdings’ compromise and entry into and performance under a stipulation between Energy Future Holdings (EFH) and Citigroup Financial Products (Citi). As...

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Goodman Networks Bankruptcy Reorganization Plan Effective

Goodman Networks’ 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 on May...

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Paragon Offshore Bankruptcy Objections Filed

The Internal Revenue Service, Paragon Offshore’s unofficial equity committee of the shareholders and the U.S. Trustee assigned to the case filed with the U.S. Bankruptcy Court separate objections to...

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SquareTwo Financial Bankruptcy Agreement Filed, Plan Administrator Named

SquareTwo Financial filed with the U.S. Bankruptcy Court an administrator agreement, which notes, “Thomas M. Kim of r2 advisors, LLC is hereby appointed to act as the Plan Administrator under the Plan...

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Nuverra Environmental Solutions Bankruptcy Objection Filed

Nuverra Environmental Solutions’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ financing motion. The objection asserts, “The two DIP...

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Abengoa Bankruptcy Settlement Approval Sought

Abengoa Bioenergy US Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order approving a compromise and settlement among the Debtors, the official committee of unsecured creditors...

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Avaya Sale Approved

The U.S. Bankruptcy Court approved Avaya’s motion for entry of an order authorizing and approving the sale of the Debtors’ networking business free and clear of all claims, liens, rights, interests and...

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rue21 Bankruptcy Reorganization Plan Filed

rue21 filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Upon the Effective Date, the Debtors would have...

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Moody’s Downgrades The Manitowoc Company

On May 30, 2017, Moody’s Investors Service downgraded the ratings of The Manitowoc Company, Inc., including the corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from...

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MIG Sale, Case Closure Approval Sought

MIG filed with the U.S. Bankruptcy Court a motion for entry of an order (a) authorizing the sale of certain of the Debtors’ assets free and clear of liens, claims, encumbrances and other interests; (b)...

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CEOC Bankruptcy Settlement Approval Sought

Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a motion to approve a compromise or settlement between Debtor Caesars Palace Realty (CPRC) and Clark County. The motion...

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Commonwealth of Puerto Rico Complaint Filed

Peaje Investments (Plaintiff) filed with the U.S. Bankruptcy Court a verified complaint against defendants Puerto Rico Highways & Transportation Authority (HTA) and its executive director,...

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Aeropostale Name Change Approval Sought

Aeropostale filed with the U.S. Bankruptcy Court a motion to change its corporate names and for related relief. The motion explains, “On September 13, 2016, the Court entered two orders approving the...

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Rooster Energy Chapter 11 Bankruptcy

Rooster Energy Ltd. and six affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Louisiana, lead case number 17-50705 (Rooster Energy, L.L.C.)....

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Adeptus Health Bankruptcy Objections Filed

Adeptus Health’s official committee of unsecured creditors and Dignity Health filed with the U.S. Bankruptcy Court separate objections to the Company’s financing motion. The committee asserts, “Despite...

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U.S. Steel Canada Chapter 15 Petition Filed

Ontario, Canada-based U.S. Steel Canada (f/k/a Stelco) filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-11519. The Company, which...

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VNR Disclosure Statement Approved

The U.S. Bankruptcy Court approved Vanguard Natural Resources’ Disclosure Statement and scheduled a July 18, 2017 hearing to consider its Amended Chapter 11 Plan of Reorganization. According to the...

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