Aztec Oil & Gas Bankruptcy Objections Filed
Multiple parties – including Aztec Oil & Gas, Christian, Smith & Jewell, Trek Energy and Trek Partners – filed with the U.S. Bankruptcy Court separate objections to the Chapter 11 Plan of...
View ArticleA.M. Castle Bankruptcy Hearings Fixed
The U.S. Bankruptcy Court issued an order (i) scheduling A.M. Castle & Co.’s combined hearing to consider (a) adequacy of the Disclosure Statement, (b) confirmation of the Prepackaged Plan of...
View ArticleImplant Sciences Bankruptcy Plan Filed, DS Approved
Implant Sciences filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for...
View ArticleHancock Fabrics Bankruptcy Liquidation Plan Confirmed
The U.S. Bankruptcy Court confirmed Hancock Fabrics’ Second Amended Joint Chapter 11 Plan of Liquidation. According to documents filed with the Court, “The Plan provides that, among other things, the...
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Retail Industry Bankruptcy Review: BankruptcyData Free Report
BankruptcyData just released Retail Industry Bankruptcy Review–a free report on U.S. Bankruptcy Court activity within the battered retail sector. As the industry continues to struggle, the number of...
View ArticleHampshire Group Exclusivity Extension Approved, Sought
The U.S. Bankruptcy Court approved Hampshire Group’s 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...
View ArticleKaty Industries Bankruptcy APA Amended
Katy Industries filed with the U.S. Bankruptcy Court an amended and restated asset purchase agreement (APA). The notice states, “The Debtors hereby file an Amended and Restated Asset Purchase Agreement...
View ArticleTidewater Bankruptcy Objection Filed
Tidewater filed with the U.S. Bankruptcy Court an objection to the ad hoc equity committee’s emergency request for adjournment of the joint Disclosure Statement and Plan hearing. The objection asserts,...
View Articlehhgregg Bankruptcy Bid Procedures Detailed
hhgregg filed with the U.S. Bankruptcy Court a motion for an order (a)(i) scheduling a bid procedures hearing; (ii) authorizing and approving bid procedures; (iii) approving notice procedures and (iv)...
View ArticlePuerto Rico Bankruptcy: Uncertainty But Also Investing Opportunity
This blog is excerpted from New Generation Research’s The Turnaround Letter, written and published by contrarian George Putnam, III since 1986. Puerto Rico opened a new “chapter” in distressed...
View ArticleFoundation Healthcare Chapter 11 Bankruptcy
Foundation Healthcare (f/k/a Graymark Healthcare) and subsidiary University General Hospital (UGH) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead...
View ArticleImplant Sciences Bankruptcy Objections Filed
Implant Sciences and the U.S. Trustee assigned to the case filed with the U.S. Bankruptcy Court separate objections to the official committee of equity security holders’ motion to retain D.F. King...
View ArticleParagon Offshore Exclusivity Extension Approved
The U.S. Bankruptcy Court approved Paragon Offshore’s sixth motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleAvaya Bankruptcy KEIP Approval Sought
Avaya filed with the U.S. Bankruptcy Court a motion seeking entry of an order approving the Debtors’ 3Q-4Q 2017 Key Employee Incentive Program (KEIP). The motion explains, “The Debtors request entry of...
View ArticleU.S. Renal Care, Inc. Downgraded
On June 22, 2017, Moody’s Investors Service downgraded the ratings of U.S. Renal Care, Inc., including its corporate family rating to B3 from B2, its probability of default rating to B3-PD from B2-PD,...
View ArticleTK Holdings Chapter 11 Bankruptcy
Privately-held TK Holdings and 11 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11375. The Company, which is a...
View ArticleEFH Replacement Financing Order Revised
Energy Future Holdings filed with the U.S. Bankruptcy Court a revised order in connection with the motion of Energy Future Intermediate Holdings (EFIH) and EFIH Finance for (a) post-petition...
View ArticleFoundation Healthcare Ombudsman Order Issued
The U.S. Bankruptcy Court issued an order to show cause regarding the appointment of a patient care ombudsman to the Foundation Healthcare case. The order states, “Pursuant to 11 U.S.C. section...
View ArticleConstellation Enterprises Bankruptcy Liquidation Sought
Constellation Enterprises filed with the U.S. Bankruptcy Court a motion to convert its Chapter 11 reorganization to a liquidation under Chapter 7. The motion explains, “Conversion of these cases to...
View ArticleNuverra Bankruptcy Reorganization Plan Filed
Nuverra Environmental Solutions filed with the U.S. Bankruptcy Court an Amended Prepackaged Plan of Reorganization. According to the Amended Plan, “Each Holder of Allowed 2018 Note Claims against the...
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