Vanguard Natural Resources filed with the U.S. Bankruptcy Court a motion to extend the exclusivity period for filing a Chapter 11 plan and disclosure statement and to solicit acceptances thereof, through and including August 15, 2017 and October 16, 2017, respectively. Vanguard’s filing period and solicitation period will expire on June 1, 2017 and July…

Bonanza Creek Energy filed with the U.S. Bankruptcy Court a notice of identities of members of the new board. The notice states, “on April 7, 2017, the Bankruptcy Court entered the Order Approving (a) the Debtors’ Disclosure Statement…in accordance with Section 10.3(b) of the Plan….The New Board members shall serve from and after the Effective…

The U.S. Trustee assigned to Novation Companies’ case filed with the U.S. Bankruptcy Court an objection to the confirmation of First Amended Joint Chapter 11 Plan of Reorganization of Novation Companies and Novastar Mortgage. The trustee asserts, “Preliminarily, it should be noted that this Opt-Out clause is misleading and inaccurate when it indicates that ‘all…

The U.S. Bankruptcy Court approved Cosi’s First Amended Chapter 11 Plan. According to the documents filed with the Court, “The Plan provides for the reorganization of the Debtors and for their continued existence as the Reorganized Debtors with 100% of the stock of the Reorganized Debtors being owned by the Debtor’ prepetition Noteholders and the…

Ciber filed with the U.S. Bankruptcy Court a notice of filing of debtor-in-possession credit agreement. The credit agreement amendment notes, “Subject to the terms and conditions of this Agreement and Financing Order, and during the term of this Agreement, each Revolving Lender agrees to make revolving loans to Borrowers in an amount at any one…

The U.S. Bankruptcy Court issued an order approving China Fishery Group’s Debtor affiliate CFG Peru Investments (Singapore)’s Chapter 11 trustee’s motion for order authorizing and approving procedures for (a) the sale or transfer of certain non-debtor assets and (b) taking all desirable or necessary corporate governance actions in connection therewith. As previously reported, “The Chapter…

ACE American Insurance Company, Illinois Union Insurance Company, ACE Property and Casualty Insurance Company, Indemnity Insurance Company of North America, and Federal Insurance Company, together with each of their affiliates, the ‘Chubb Companies,’ filed with the U.S. Bankruptcy Court an objection to Hancock Fabrics’ First Amended Joint Chapter 11 Plan of Liquidation. The objection asserts,…

Vanguard Natural Resources’ ad hoc equity committee filed with the U.S. Bankruptcy Court an objection to the Debtor’s disclosure statement and request for valuation hearing. The equity committee asserts, “Simultaneously with its formation, the Equity Committee retained Huron Consulting Services to conduct a formal valuation of the Debtors….Huron believes that the Debtors’ reorganization value is…