AVT Sale Approval Sought
AVT and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion approving the sale of the estate’s assets free and clear of liens and other interests pursuant to 11...
View ArticleEnergy & Exploration Partners Objections Filed
Halcon Resources (HRC, HEPI) and Cactus Wellhead filed with the U.S. Bankruptcy Court separate objections to Energy & Exploration Partners’ proposed assumption of that certain Purchase and Sale...
View ArticleSabine Oil & Gas Statement, Response Joinder Filed
Sabine Oil & Gas’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court a (i) statement of issues to be presented on appeal and (ii) designation of the items to be included...
View ArticleAlpha Natural Resources M.O.R. Filed
Alpha Natural Resources filed with the U.S. Bankruptcy Court a monthly operating report for March 2016. For the period, the Company reported a $57.1 million net loss on $161.6 million in total revenue....
View ArticleSunEdison Chapter 11 Petition Filed
SunEdison, fka MEMC Electronic Materials, and certain of its domestic and international subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York,...
View ArticleSunEdison Examiner Appointment Sought
SunEdison filed with the U.S. Bankruptcy Court a motion for entry of an order (i) appointing an examiner and (ii) granting related relief. The motion explains, “The nature of the Debtors’ business...
View ArticlePacific WebWorks Sale Approved
The U.S. Bankruptcy Court approved Pacific WebWorks motion authorizing the sale of Debtor’s intellipay subsidiary free and clear of liens, claims, encumbrances and interests. The order states, “The...
View ArticleEmerald Oil Objection Filed
Wells Fargo Bank, as administrative agent filed, with the U.S. Bankruptcy Court a motion objecting to the motion for reconsideration or amendment of the Debtor’s DIP motion filed by Core Services,...
View ArticleAmerican Standard Energy Objection Filed
Creditor XOG Operating filed with the U.S. Bankruptcy Court an objection to American Standard Energy’s Disclosure Statement for Joint Plan of Reorganization. XOG Operating asserts, “Debtors have...
View ArticleSeventy Seven Energy Outlines Prepackaged Plan of Reorganization
On April 19, 2016, Seventy Seven Energy Inc. announced that it has entered into a Restructuring Support Agreement with certain lenders representing 92% of the outstanding principal amount under the...
View ArticleSwift Energy Plan Effective
According to the U.S. Bankruptcy Court docket, Swift Energy’s Second Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on...
View ArticleParagon Offshore Program Approval Sought
Paragon Offshore filed with the U.S. Bankruptcy Court a motion for authority to (i) implement a post-petition early retirement program and (ii) pay severance to individuals whose employment with the...
View ArticleMolycorp Plan Modification Sought
According to the U.S. Bankruptcy Court docket, Molycorp and its official committee of unsecured creditors filed a joint motion for approval of technical modifications to the Fourth Amended Joint Plan...
View ArticlePeabody Energy Sale Approval Sought
According to the U.S. Bankruptcy Court docket, Peabody Electricity (PE), a Debtor affiliate of Peabody Energy Corporation (PEC), filed a motion for entry of an order: (a) authorizing PE to (i) assume a...
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Q1 2016 Bankruptcy Report Published: Missouri Courts See 500%+ Increase
New Generation Research’s Quarterly Report of Business Bankruptcy Filings reveals that the overall number of bankruptcies crept up during Q1 2016 as March was the busiest filing month since April of...
View ArticlePacific Sunwear of California Objections Filed
According to published reports, multiple parties – including Holmdel Commons, Spotsylvania Towne Centre, South Hill Mall, Millcreek Mall, Kenedy Mall, Huntington Mall, Governors Square Mall and...
View ArticleNuo Therapeutics KEIP/KERP Approved
The U.S. Bankruptcy Court approved Nuo Therapeutics’ redacted motion for entry of an order authorizing and approving (i) a revised key employee incentive plan (KEIP), (ii) a revised key employee...
View ArticleSebring Software Extension Sought
According to the U.S. Bankruptcy Court docket, Sebring Software filed an unopposed motion for extension of the exclusive plan filing and vote solicitation period and motion to continue a status...
View ArticleKaloBios Pharmaceuticals Plan Filed
According to the U.S. Bankruptcy Court docket, KaloBios Pharmaceuticals filed a First Amended Chapter 11 Plan of Reorganization and related Disclosure Statement, which notes, “A central feature of the...
View ArticleCaesars Entertainment Operating Company Settlement Proposed
According to a corporate release, Caesars Entertainment Operating Company (CEOC) disclosed certain information in connection with its ongoing discussions with certain stakeholders regarding its...
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