BankruptcyData’s detailed analysis and summary of Dakota Plains Holdings’ Amended Joint Plan of Liquidation, dated June 9, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on September 25, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The purpose of the Plan is to provide for the orderly liquidation…

Angelica’s Third Amended Chapter 11 Plan became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on August 31, 2017. As previously reported, substantially all of Angelica’s assets were sold during the Company’s Chapter 11 proceeding, with sale proceedings used to satisfy various claims. The privately-held medical laundry…

Optima Specialty Steel filed with the U.S. Bankruptcy Court a Revised Disclosure Statement relating to the Company’s Third Amended and Modified Joint Chapter 11 Plan of Reorganization. According to the Disclosure Statement, “The Plan provides for a comprehensive reorganization of the Debtors that will recapitalize the Debtors’ balance sheet and ensure that the Debtors emerge…

Gordon Brothers announced the appointment of Sheila Smith to its Board of Advisors. Smith has over 25 years of experience in financial advisory and restructuring services. She will be responsible for providing guidance on the firm’s ongoing evolution. Smith retired in 2015 from Deloitte after serving in numerous leadership positions including Restructuring Service Line Leader…

The U.S. Bankruptcy Court approved Ciber’s motion to extend by 90 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 6, 2017 and January 5, 2018, respectively. As previously reported, “As the Court is aware, the Debtors consummated a Sale of substantially…

The U.S. Bankruptcy Court issued an order converting T3M’s Chapter 11 reorganization to a liquidation under Chapter 7. As previously reported, on September 20, 2017, the Court conditionally approved case conversion and explained, “If the Debtor does not file a sale procedures motion (the ‘Procedures Motion’) by 5:00 p.m. Pacific Time on September 21, 2017,…

WestMountain Gold filed with the U.S. Bankruptcy Court a First Amended Disclosure Statement, which notes, “While the Debtors have used $3.5 million as an initial capital raise in order to confirm the Plan, this number is an illustration of an amount that might be raised. The Debtors intend to proceed with confirmation of the Plan…