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…

NephroGenex filed with the U.S. Bankruptcy Court a Plan of Reorganization and related Disclosure Statement. The Disclosure Statement explains, “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 agreed to waive its Cash Distribution under the…

The U.S. Bankruptcy Court confirmed Erickson’s Second Amended Joint Plan of Reorganization. According to the Company, Erickson’s restructuring will reduce its pre-bankruptcy debt by more than $400 million upon emergence from Chapter 11 protection. Erickson’s C.F.O., David Lancelot, comments, “Erickson’s successful restructuring would not have been possible without the strong support of our funded debtholders…

Multiple parties – including the U.S. Trustee assigned to the Novation Companies case, Taberna Preferred Funding I, Taberna Preferred Funding II and the unsecured creditors’ committee – filed with the U.S. Bankruptcy Court separate objections to Novation Companies’ Disclosure Statement. The Trustee asserts, “In the Disclosure Statement, Novation explains it was previously a mortgage originator…

Multiple parties – including 3503 RP Gurnee, Bel Air Square, Capital Centre, RPAI Concord King’s Grant II, RPAI Newnan Crossing II, RPAI West Mifflin Century III, Geneva Commons, DGI LS, Cincinnati Eastgate Exchange, IRC Orland Park Place, Noblesville Partners, Brixmor Property Group, Federal Realty Investment Trust, GGP Limited Partnership, HCP III Golden Gate – filed…

Chaparral Energy’s First Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 10, 2017. During the restructuring, the Company converted $1.2 billion of pre-petition debt to equity and eliminated approximately $100 million of annual interest expense. Chaparral Energy C.E.O., K….

BankruptcyData’s detailed analysis and summary of Ultra Petroleum’s Revised Second Amended Joint Chapter 11 Plan of Reorganization, dated March 10, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on March 14, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The formulation of the Plan Support Agreement and the…

Carl Marks Advisors announced the addition of Steven F. Agran as Managing Director to work on restructuring deals and relationship management and marketing in the northeast. Agran has more than 20 years of experience providing turnaround and interim management services to financially distressed companies. He provides financial and operational advisory services to company ownership, Boards…