According to Form 8-K filed on November 15, 2017, STG Group, Inc. received a formal notice of default from MC Admin Co LLC with respect to the Credit Agreement, among the Company and its subsidiaries and various lenders. The notice of default cited the failure of the Company to be in compliance with the financial…

On November 10, 2017, Global Brokerage, Inc. announced a series of steps to achieve stability, reduce costs and equip Global Brokerage for the future, including entry into a restructuring support agreement and expected delisting from Nasdaq Global Market, transferring to Nasdaq Capital Market and certain changes to its board of directors and officers. The Company…

Privately-held Mississippi Minerals (f/k/a Reed Shriram Minerals and Tiger American Minerals) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Texas, case number 17-72861. The Company, which produces metallurgical grade coal, is represented by Geoffrey B. Treece of Quattlebaum, Grooms & Tull. The Company is a wholly-owned subsidiary of…

TerraVia Holdings filed with the U.S. Bankruptcy Court a Combined Disclosure Statement and Chapter 11 Plan of Liquidation. According to the Disclosure Statement, “The Combined Disclosure Statement and Plan groups the Debtors together solely for the purposes of describing treatment under the Combined Disclosure Statement and Plan, confirmation of the Combined Disclosure Statement and Plan,…

  Privately-held Preferred Care, Inc. (Preferred Care) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 17-44642. The Company, which is headquartered in Plano, Texas, is owned by Thomas Scott and represented by Stephen A. McCartin of Gardere Wynne Sewel. Preferred Care, which is one…

Gordmans Stores’ Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on October 18, 2017. BankruptcyData’s detailed Plan Summary notes, “The Plan contemplates a liquidation of each of the Debtors and their Estates and is therefore referred to as a ‘plan of liquidation.’…

The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion to approve a sixth amendment to the Company’s post-petition financing arrangements. As previously reported, “Pursuant to this Motion, the Debtors seek authority to further amend their existing postpetition revolving loan facility.…that (a) extends the Existing DIP Facility’s scheduled maturity date to March 31, 2018; and (b)…

The U.S. Bankruptcy Court approved Peekay Boutiques Disclosure Statement and concurrently confirmed the Company’s Joint Plan of Liquidation. According to documents filed with the Court, “The Global Settlement forms the foundation of the Plan, which provides for the Sale of substantially all of the Debtors’ assets to the Buyer, subject in all respects to higher…