Escalera Resources filed with the U.S. Bankruptcy Court a motion for an order establishing bidding and sale procedures; establishing procedures related to the assumption and assignment of certain executory contracts and unexpired leases and approving the sale of assets. The motion explains, “Debtor, together with its Senior Secured Lenders, has determined that a sale of…

Tidewater announced that the Company has received approval to list its new common stock with the new CUSIP number 88642R 109 on the NYSE under the same NYSE ticker symbol as shares of the Company’s existing common stock: TDW. In addition, the NYSE approved listing of the Company’s Series A Warrants and Series B Warrants…

The Municipality of San Sebastian filed with the U.S. Bankruptcy Court an objection to the Commonwealth of Puerto Rico’s ad hoc municipalities committee’s request for official committee designation. The objection asserts, “Eleven of Puerto Rico’s municipalities filed a request that they be named as the Official Puerto Rico Municipalities Committee. The Municipality of San Sebastian…

The U.S. Bankruptcy Court approved Avaya’s 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 September 16, 2017 and November 15, 2017, respectively. As previously reported, “The Debtors have engaged in direct discussions with key stakeholders, reflecting a…

The Texas Comptroller of Public Accounts filed with the U.S. Bankruptcy Court an objection to Gulfmark Offshore’s Amended Chapter 11 Plan of Reorganization. The objection asserts, “The Texas Comptroller objects to confirmation of the Plan to the extent it attempts to limit the Texas Comptroller’s setoff rights that are preserved under 11 U.S.C. section 553….

The U.S. Bankruptcy Court approved Aeropostale’s stipulation among the Debtors, Aero Investors and MGF Sourcing Holdings. As previously reported, “On December 13, 2016, the Claimant filed administrative expense Claim No. 2503 (the ‘Administrative Claim’) against Debtor ARO Liquidation for $42,750,000 (the ‘Administrative Claim Amount’) for compensation for the diminution in value of its interests in…

China Fishery Group’s Chapter 11 Trustee filed with the U.S. Bankruptcy Court a motion to approve bidding procedures and the form and manner of notice thereof. The motion explains, “The Sale Process is being managed by Development Specialists (‘DSI’), accountants to the Chapter 11 Trustee. Specifically, for purposes of the sale structure, the Chapter 11…