According to the U.S. Bankruptcy Court docket, CMG Oil & Gas filed an objection to American Eagle Energy’s motion for orders authorizing the sale of substantially all of Debtors’ assets free and clear of liens, claims, encumbrances and other interests. The objection asserts, “The Debtors cannot satisfy the requirements of 11 U.S.C. sections 363 (f)….

Chassix’s official committee of unsecured creditors’ filed with the U.S. Bankruptcy Court an objection to Debtors motion for an order (i) approving proposed Disclosure Statement and the form and manner of the notice of the Disclosure Statement Hearing, (ii) establishing solicitation and voting procedures, (iii) scheduling a confirmation hearing, and (iv) establishing notice and objection…

According to the U.S. Bankruptcy Court docket, the Court issued an order confirming Yarway’s Plan of Reorganization, which includes asbestos personal injury trust distribution procedures. This privately-held company previously manufactured valves, pipe clamps, controls and steam traps and is 100% owned by Tyco Fire & Security US Holdings. According to documents filed with the Court at…

According to the U.S. Bankruptcy Court docket, Chassix filed a motion for entry of an order approving implementation of a key employee retention plan (KERP) for certain non-insider employees. The motion explains, “Given the highly technical and sophisticated nature of the Debtors’ casting and machining operations, the Debtors’ success is inextricably tied to the breadth…

According to the U.S. Bankruptcy Court docket, Altegrity filed a Joint Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “As of the Petition Date, the Debtors had outstanding debt in the aggregate principal amount of approximately $1,788.2 million, consisting of approximately $1,649.8 million in secured debt and $138.5 million in unsecured debt…

According to the U.S. Bankruptcy Court docket, Allen Systems Group (ASG) filed an amended notice of agenda of matters scheduled for Court consideration. According to the agenda, the Company’s motion to retain Huron Consulting Services to provide a chief restructuring officer and other personnel and designate John C. DiDonato as chief restructuring officer is being…

According to the U.S. Bankruptcy Court docket, Exide Technologies filed a Third Amended Plan of Reorganization. A related Disclosure Statement was not filed as a result of the February 4, 2015 order approving the Disclosure Statement. The Third Amended Plan contains several modifications, including – among others – the following additions: “‘Preference Proceeds Distribution’ means…

According to the U.S. Bankruptcy Court docket, multiple parties – including Aurelius Capital Management, NII Holdings and the official committee of unsecured creditors – filed separate objections to the ad hoc group of NII Capital 2021 noteholders’ motion for an order directing NII Holdings to participate in mediation, pursuant to Sections 105(A) and 105(D) of…