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J.G. Wentworth to File Bankruptcy

On November 9, 2017, The J.G. Wentworth Company announced an agreement, with lenders holding over 87% of the aggregate principal amount outstanding under the Company’s $449.5 million senior secured...

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Pacific Drilling Bankruptcy Petition Filed

Pacific Drilling and 21 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-13193. The Company, which operates as...

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Sable Natural Resources Bankruptcy Plan Filed

Sable Natural Resources filed with the U.S. Bankruptcy Court an Amended Plan of Reorganization and Disclosure Statement. According to the Disclosure Statement, “The plan will utilize operating cash...

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GenOn Energy Bankruptcy Objection Filed

United States of America, acting on behalf of its Internal Revenue Service (IRS) and Environmental Protection Agency (EPA), filed with the U.S. Bankruptcy Court an objection to GenOn Energy’s motion...

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Quadrant 4 Bankruptcy Bonus Approval Sought

Stratitude (a wholly-owned subsidiary of Quadrant 4 Systems) filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing the Debtor to pay retention bonuses to three key non-insider...

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If You Can’t Take the Heat… Bikram Yoga Files Chapter 11

Privately-held Bikram Choudhury Yoga Inc. (“Bikram Yoga”) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California – Los Angeles...

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COPSync Bankruptcy Objection Filed

Making Sense filed with the U.S. Bankruptcy Court an objection to COPSync’s motion for entry of orders approving the sale of assets free and clear. The objection asserts, “Making Sense objects to the...

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Pacific Drilling D.I.P. Financing Sought

Pacific Drilling filed with the U.S. Bankruptcy Court a motion for interim and final orders authorizing the use of cash collateral and scheduling a final hearing. The motion explains, “The Prepetition...

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Rooster Energy Bankruptcy Objection Filed

United States Specialty Insurance Company (USSIC) filed with the U.S. Bankruptcy Court an objection to Rooster Energy’s Disclosure Statement for the Company’s Joint Chapter 11 Plan of Reorganization....

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CGG Bankruptcy Status Report Filed

CGG Holding filed with the U.S. Bankruptcy Court a status report with respect to the reorganization of the Debtors and their non-Debtor affiliates (collectively, “CGG Group”) in France and the United...

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Gulfmark Offshore Bankruptcy Plan Effective

Gulfmark Offshore’s Amended Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on October 4, 2017....

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Peekay Boutiques Bankruptcy Plan, Supplement Filed

Peekay Boutiques filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Liquidation. According to the Plan, “All fees due and payable pursuant to section 1930 of Title 28 of the U.S. Code...

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Premier Exhibitions Bankruptcy Procedures Approval Sought

Premier Exhibitions filed with the U.S. Bankruptcy Court a motion approving procedures in connection with the sale of all of substantially all of the Debtors’ assets, scheduling a related auction and...

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PFO Global Bankruptcy Liquidation

The U.S. Bankruptcy Court issued an order converting PFO Global’s Chapter 11 reorganization to a liquidation under Chapter 7. The order states, “As the Chapter 11 Trustee is no longer attempting to...

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Ironclad Performance Wear Name Change Approval Sought

Ironclad Performance Wear filed with the U.S. Bankruptcy Court an emergency motion for an order authorizing Debtors to effectuate a name change. The motion explains, “Under the Asset Purchase Agreement...

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Velocity Holding Chapter 11 Bankruptcy

Privately-held Velocity Holding and 18 affiliated debtors–including Velocity Pooling Vehicle, Motorsport Aftermarket Group and 16 other affiliated Debtors–filed for Chapter 11 protection with the U.S....

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Puerto Rico COFINA-Related Bankruptcy Order Sought

The Financial Oversight and Management Board for Puerto Rico filed with the U.S. Bankruptcy Court a motion for entry of order (a) confirming the scope of COFINA and the Commonwealth agents’ authority...

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Peekay Boutiques Bankruptcy Plan Confirmed

The U.S. Bankruptcy Court approved Peekay Boutiques Disclosure Statement and concurrently confirmed the Company’s Joint Plan of Liquidation. According to documents filed with the Court, “The Global...

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Breitburn Energy Bankruptcy Financing Amended

The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion to approve a sixth amendment to the Company’s post-petition financing arrangements. As previously reported, “Pursuant to this...

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Toys “R” Us Bankruptcy Incentive Plan Filed

Toys “R” Us filed with the U.S. Bankruptcy Court a motion for entry of an order approving the Debtors’ senior executive incentive plan (SEIP). The motion explains, “the Debtors developed the SEIP for...

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