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Crossroads Systems Bankruptcy Plan Effective, Summarized

Crossroads Systems’ Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on September 18, 2017....

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GulfMark Offshore Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court confirmed GulfMark Offshore’s Amended Chapter 11 Plan of Reorganization. According to documents filed with the Court, “On the Effective Date…(a) all U.S. Intercompanies (other...

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Collier on Bankruptcy Co-Editor-in-Chief Named

Jenner & Block Partner Richard Levin has been named Co-Editor-in-Chief of Collier on Bankruptcy. An author of the 1978 United States Bankruptcy Code, Levin is internationally recognized as one of...

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Ironclad Performance Wear Bankruptcy Objection Filed

Ironclad Performance Wear’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ post-petition financing motion. The committee asserts, “The...

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Peekay Boutiques Bankruptcy Plan Filed

Peekay Boutiques filed with the U.S. Bankruptcy Court a Joint Plan and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the liquidation and sale of...

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Quadrant 4 Bankruptcy KEIP Approved

The U.S. Bankruptcy Court approved Quadrant 4 Systems’ key employee incentive program (KEIP). As previously reported, “For a variety of reasons, including the limited availability of resources and the...

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Hampshire Group Extension Motion Withdrawn, Plan Effective & Summarized

Hampshire Group filed with the U.S. Bankruptcy Court a notice of withdrawal of the Company’s fifth motion for an exclusivity extension. The Company’s First Amended Joint Chapter 11 Plan of Liquidation...

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PFO Global Bankruptcy Plan Support Agreement Filed

PFO Global’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a motion to approve a plan support agreement. According to documents filed with the Court, “The terms of the Plan Support Agreement...

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GenOn Energy Bankruptcy DS Approved

The U.S. Bankruptcy Court issued an order approving GenOn Energy’s Disclosure Statement and scheduled a November 13, 2017 hearing to consider the Second Amended Joint Chapter 11 Plan of Reorganization,...

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Breitburn Energy Bankruptcy Objection Filed

Breitburn Energy Partners’ statutory committee of equity security holders filed with the U.S. Bankruptcy Court an objection to the Company’s motion for further extension of the exclusivity exclusive...

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SunEdison Bankruptcy Bidding Procedures Approved

The U.S. Bankruptcy Court approved SunEdison’s bidding procedures related to the Debtors’ sale of real property located in Sherman, TX; the times, dates, places and forms of notice for an auction and a...

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Possible Bankruptcy for Cumulus Media

According to recent press and people familiar with the matter, Cumulus Media Inc.  recently started talks with two separate groups of creditors who own big chunks of the Company’s $2.4 billion in debt....

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Perfumania Bankruptcy Reorganization Plan Effective

Perfumania Holdings’ Modified Prepackaged Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the plan on October 6, 2017....

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Performance Sports Group Bankruptcy Plan Filed

Performance Sports Group filed with the U.S. Bankruptcy Court a Modified Joint Chapter 11 Plan of Liquidation and related revised Disclosure Statement. According to the Disclosure Statement, “The...

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CGG Bankruptcy Extension Sought

CGG Holding filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...

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Cecil Bancorp Bankruptcy DS Approved, Plan Confirmed

The U.S. Bankruptcy Court issued an order (a) granting Cecil Bancorp’s final approval of its First Amended Disclosure Statement; (b) allowing its motion to modify the Plan of Reorganization prior to...

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Breitburn Energy Bankruptcy Plan Filed

Breitburn Energy Partners filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “The Plan is premised on the division of...

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21st Century Bankruptcy Objection Filed

Certain landlords; physicians, managers and related entities and administrative services agreement parties (collectively, the “Creditor Group”) filed with the U.S. Bankruptcy Court an objection to 21st...

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Point.360 D.I.P. Financing Approval Sought

Point.360 filed with the U.S. Bankruptcy Court a motion for approval of re-use of cash collateral and post-petition financing. The motion explains, “The use of cash collateral is sought in accordance...

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Grant Thornton National Managing Principal Appointed

Grant Thornton LLP named Craig Stanley National Managing Principal of the firm’s Financial Services industry practice. Based in New York, he is responsible for leading Grant Thornton’s Financial...

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