P10 Industries filed with the U.S. Bankruptcy Court a First Amended Pre-packaged Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the P10 Industries disclosure statement, “The Pre-packaged Plan effectuates the terms of two Restructuring Support Agreements, that will allow the Reorganized Debtor (i) to obtain an investment of $4,654,750 million, which will…

Squaretwo Financial’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection, request for adjournment, and reservation of rights to the Debtors’ (i) DIP motion, (ii) investor protections motion, (iii) Canadian GUC motion, and (iv) KBW & Miller Buckfire retention application. The committee asserts, “The DIP Motion is particularly improper. Simply put,…

Adeptus Health filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization and related Disclosure Statement. According to the Adeptus Health disclosure statement, “Pursuant to the Plan, the Debtors will establish a Litigation Trust to investigate and pursue Causes of Action transferred to the Litigation Trust and to distribute the proceeds of any recovery…

The U.S. Bankruptcy Court issued an order approving Caesars Entertainment Operating Company’s motion to approve compromise or settlement by and among, among others, the Debtors, Caesars Entertainment Corporation (CEC) and the National Retirement Fund Parties (NRF). As previously reported, “Pursuant to the Settlement Agreement, the Employers retroactively will be restored to the Legacy Plan of…

Avaya filed with the U.S. Bankruptcy Court a notice of presentment¬†of joint stipulation and agreed order permitting Pension Benefit Guaranty Corporation to file consolidated claims under one case number. The stipulation notes, “Debtor Avaya is the contributing sponsor of (a) the Avaya Inc. Pension Plan for Salaried Employees; and (b) the Avaya, Inc. Pension Plan…

The U.S. Trustee assigned to Ciber’s case filed with the U.S. Bankruptcy Court a notice of appointment of an official committee of unsecured creditors. The following members will serve the committee: Neeraj Walia of ScanSource, Raja Krishnan of Agile Global Solutions, and Michael Flanagan of Consilio LLC. More on bankruptcies in the computer and software…

Violin Memory filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing abandonment of equity interests in foreign subsidiaries. The motion explains, “With no operations, employees or net assets, the Foreign Subsidiaries are burdensome and have no value to the Debtor or its estate. Notably, the Debtor’s postpetition sales process did…