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...
View ArticlePacific 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...
View ArticleSable 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...
View ArticleGenOn 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...
View ArticleQuadrant 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...
View ArticleIf 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...
View ArticleCOPSync 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...
View ArticlePacific 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...
View ArticleRooster 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....
View ArticleCGG 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...
View ArticleGulfmark 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....
View ArticlePeekay 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...
View ArticlePremier 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...
View ArticlePFO 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...
View ArticleIronclad 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...
View ArticleVelocity 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....
View ArticlePuerto 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...
View ArticlePeekay 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...
View ArticleBreitburn 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...
View ArticleToys “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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