Lazard Ltd announced that Eugenio Garza y Garza has joined the firm as a Managing Director heading Lazard’s Mexico Financial Advisory business, effective immediately. He is based in Mexico City, where Lazard is opening a new Financial Advisory office, and will work closely with Jerónimo Marcos Gerard Rivero, a Lazard Senior Advisor. Garza was most…

BankruptcyData’s detailed analysis and summary of Peabody Energy’s Second Amended Plan of Reorganization [Revised], dated March 15, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on March 17, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan and the Global Settlement Agreement contemplates that the Debtors’ debt…

The U.S. Bankruptcy Court issued an order approving NephroGenex’s Disclosure Statement and scheduled a May 10, 2017 hearing to consider the Plan of Reorganization. As previously reported, “The Debtor projected that, under the Liquidating Plan, the Debtor’s unsecured creditors would receive distributions equal to 26.8% to 37.1% of the allowed amounts of their claims….Medpace has…

hhgregg’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ post-petition financing motion. The objection asserts, “The course of these chapter 11 cases was set day one by the Debtors’ secured lenders for their sole and exclusive benefit and without regard to the consequences for the Debtors’ administrative…

Ankura Consulting (Ankura) announced the promotions of four to the title of Senior Managing Director. Of most interest to restructuring professionals, Michael Baumkirchner has more than 18 years’ experience in restructuring, corporate finance, commercial lending and investment banking across a wide range of industries including retail, healthcare, energy, financial services, telecom, technology and manufacturing. Baumkirchner…

The U.S. Bankruptcy Court approved Cosi’s Disclosure Statement and scheduled an April 25, 2017 hearing to consider its Joint Plan of Reorganization. According to documents filed with the Court, “The Plan Settlement is between the Debtors and the Supporting Parties. The Supporting Parties consist of LIMAB (the initial stalking horse bidder for the Debtors’ assets)…

Hampshire Group filed with the U.S. Bankruptcy Court a motion to extend by 60 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including, May 22, 2017 and July 21, 2017, respectively. The motion explains, “The Debtors have acted to expeditiously liquidate their remaining…

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