Privately-held Angelica (f/k/a Angelica Healthcare and Angelica Image Apparel) and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 17-10870. The Company, which provides textile rental services, is represented by Matthew S. Barr of Weil, Gotshal & Manges. The Company also…

Peabody Energy’s Second Amended Plan of Reorganization [Revised] became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 17, 2017. BankruptcyData’s Plan Summary notes, “The Plan and the Global Settlement Agreement contemplates that the Debtors’ debt burden will be reduced by over $6.6 billion, a necessary…

Paragon Offshore filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including June 5, 2017 and August 4 2017, respectively. The motion explains, “Since the Debtors last obtained an exclusivity extension, they have made meaningful…

The U.S. Bankruptcy Court issued a final order approving Triad Guaranty’s motion to incur post-petition debt. As previously reported, “The borrower is Triad Guaranty and the lender is William T. Ratliff, III. The maximum aggregate debt available is $20,000 for the final period….Maturity Date is the earliest of: (a) the date on which the United…

Westech Capital’s Chapter 11 trustee case filed with the U.S. Bankruptcy Court a Chapter 11 Plan and related Disclosure statement. According to the Disclosure Statement, “Under the Plan, Westech will continue post-confirmation as the ‘Revested Debtor’ to be managed and controlled by the Trustee as Plan Trustee without change of ownership or equity (except as…

Ultrapetrol (Bahamas) Limited’s Second Amended Joint Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 17, 2017. BankruptcyData’s Plan Summary notes, “Under the Plan, Sparrow River Investments will acquire the River Business (free and clear of any and all claims, interests,…

Dorsey & Whitney LLP announced that Jay Kim has rejoined the firm as a Partner in its Banking Industry Group in Minneapolis. Kim has represented financial institutions for over 25 years. Most recently, he served as E.V.P., General Counsel and Director of Corporate Development for Alerus Financial Corporation. His responsibilities at Alerus included oversight of…

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