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...
View ArticleGenOn 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...
View ArticleDakota 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...
View ArticleEnergy 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...
View ArticleGoodman 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...
View ArticleParagon 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...
View ArticleSquareTwo 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...
View ArticleNuverra 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...
View ArticleAbengoa 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...
View ArticleAvaya 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...
View Articlerue21 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...
View ArticleMoody’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...
View ArticleMIG 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)...
View ArticleCEOC 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...
View ArticleCommonwealth 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,...
View ArticleAeropostale 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...
View ArticleRooster 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.)....
View ArticleAdeptus 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...
View ArticleU.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...
View ArticleVNR 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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