The U.S. Bankruptcy Court approved Avaya’s motion to extend by 60 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including September 16, 2017 and November 15, 2017, respectively. As previously reported, “The Debtors have engaged in direct discussions with key stakeholders, reflecting a…

The Texas Comptroller of Public Accounts filed with the U.S. Bankruptcy Court an objection to Gulfmark Offshore’s Amended Chapter 11 Plan of Reorganization. The objection asserts, “The Texas Comptroller objects to confirmation of the Plan to the extent it attempts to limit the Texas Comptroller’s setoff rights that are preserved under 11 U.S.C. section 553….

The U.S. Bankruptcy Court approved Aeropostale’s stipulation among the Debtors, Aero Investors and MGF Sourcing Holdings. As previously reported, “On December 13, 2016, the Claimant filed administrative expense Claim No. 2503 (the ‘Administrative Claim’) against Debtor ARO Liquidation for $42,750,000 (the ‘Administrative Claim Amount’) for compensation for the diminution in value of its interests in…

China Fishery Group’s Chapter 11 Trustee filed with the U.S. Bankruptcy Court a motion to approve bidding procedures and the form and manner of notice thereof. The motion explains, “The Sale Process is being managed by Development Specialists (‘DSI’), accountants to the Chapter 11 Trustee. Specifically, for purposes of the sale structure, the Chapter 11…

Berkshire Hathaway Energy (BHE) and Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court separate objections to Elliott Funds’ motion to adjourn the hearing to consider the motion of EFH/Energy Future Intermediate Holdings (EFIH) merger agreement and related termination fee. BHE’s objection asserts, “The Movants are effectively seeking to prevent a hearing on the…

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