Triad Guaranty Bankruptcy Reorganization Plan Filed
Triad Guaranty filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization for Triad Guaranty and Wolfgang Holdings. According to documents filed with the Court, “On the Effective Date, the...
View ArticleVanguard Natural Resources Bankruptcy Settlement Approved
The U.S. Bankruptcy Court approved Vanguard Natural Resources’ emergency motion to enter into a settlement with Encana Oil & Gas (USA). As previously reported, “Under the Settlement Agreement...
View ArticleA.M. Castle Bankruptcy Plan Modified
A.M. Castle & Co. filed with the U.S. Bankruptcy Court a notice of technical modifications to the Company’s Prepackaged Joint Chapter 11 Plan of Reorganization. Documents filed with the Court...
View ArticleBankruptcyData’s Analysis Reveals 35% YTD Increase in Retail Bankruptcies
BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall...
View Articlehhgregg Exclusivity Extension Approved
The U.S. Bankruptcy Court approved hhgregg’s motion to extend by 60 days its exclusive periods to file a Chapter 11 plan and solicit acceptances thereof through and including September 5, 2017 and...
View ArticleFTI Consulting Acquisition, Senior Managing Director Announced
FTI Consulting, Inc. announced that it has acquired CDG Group, a restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of the transaction...
View ArticleIgnite Restaurant Bankruptcy Objection Filed
Brixmor Property Group filed with the U.S. Bankruptcy Court an objection to the Debtors’ emergency motion for an order authorizing and scheduling an auction at which the Debtors will solicit the...
View ArticleSunEdison Bankruptcy Objection Filed
Texas Comptroller of Public Accounts (Comptroller) and Texas Workforce Commissions (TWC) filed with the U.S. Bankruptcy Court an objection to SunEdison’s First Amended Joint Prepackaged Chapter 11...
View ArticleKaty Industries Bidder Selected, Auction Cancelled
Katy Industries filed with the U.S. Bankruptcy Court a notice of successful bidder and cancellation of the previously-scheduled auction. The notice states, “Pursuant to the Bid Procedures Order, the...
View ArticlePSG Bankruptcy Stipulation Approved
The U.S. Bankruptcy Court approved a stipulation between Performance Sports Group (PSG) and Master Fund, Hazelton Master Fund and Bybrook Capital with respect to Bybrook Capital’s ownership of PSG...
View ArticleBluestem Brands Ratings Lowered
On July 10, 2017, S&P Global Ratings lowered its corporate credit rating on Bluestem Brands, Inc. to CCC+ from B and its first-lien term loan rating to CCC+ from B. According to S&P Global, the...
View ArticleImperial Metals Double Downgrade
Pn July 7, 2017, Moody’s Investors Service downgraded Imperial Metals Corporation’s corporate family rating to Caa2 from Caa1, probability of default rating to Caa2-PD from Caa1-PD and senior unsecured...
View ArticleA.M. Castle Bankruptcy RSA Approved
The U.S. Bankruptcy Court approved A.M. Castle & Co.’s motion for entry of an order authorizing the Debtors to assume (a) a restructuring support agreement (RSA) with consenting creditors and (b) a...
View ArticleBreitburn Energy Bankruptcy Agreement Filed
Breitburn Energy Partners filed with the U.S. Bankruptcy Court a motion seeking authority to enter into swap agreements, pledge collateral, grant D.I.P. super-priority claims and honor obligations...
View Articlerue21 Disclosure Statement Approved
The U.S. Bankruptcy Court approved rue21’s Disclosure Statement and scheduled an August 29, 2017 hearing to consider the Debtors’ Joint Plan of Reorganization, with objections due by August 21, 2017....
View ArticleVanguard Bankruptcy Settlement Reached
According to a corporate release, Vanguard Natural Resources has reached a settlement with the Company’s ad hoc equity committee. Under the agreement, the equity committee agrees to (i) withdraw any...
View ArticleSunEdison R.O. Amendments Proposed
SunEdison filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing and approving certain amendments to the Company’s rights offering procedures. The motion explains, “On July 14,...
View ArticleBeaulieu Group Chapter 11 Bankruptcy
Privately-held Beaulieu Group and two of its subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Georgia, lead case number 17-41677. The Company,...
View ArticlePSG Bankruptcy Stipulation Approved
The U.S. Bankruptcy Court approved a stipulation by and between Performance Sports Group and 9938982 Canada and affiliates regarding the purchase price agreement escrow. As previously reported, “In...
View ArticleTidewater Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court approved Tidewater’s Disclosure Statement and concurrently confirmed the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization. Jeffrey M. Platt, Tidewater’s president...
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