Peabody Energy filed with the U.S. Bankruptcy Court a stipulation with Citibank and agreed order regarding the allowed amount of first lien lender claims in connection with the Company’s Plan. The stipulation notes, “Subject to Confirmation of the Plan and the occurrence of the Effective Date, the First Lien Lender Claims on account of Term…

The U.S. Bankruptcy Court issued an order approving CHC Group’s motion for an order authorizing the Debtors to enter into and perform under a restructuring lease term sheet with ANZ Leasing with respect to aircraft with manufacturer’s serial numbers 6597, 6604, 31114 and 31126 and to assume certain unexpired leases and executory contracts. As previously…

Strategic Management Partners, Inc.’s (SMP) Chairman John M. Collard, CTP, CITM was recognized by SmartCEO Magazine for his distinguished career and achievements in the turnaround community. Collard is an expert in interim executive C.E.O. leadership, corporate renewal governance, strategy formulation, asset recovery and equity investing in underperforming distressed troubled companies. Collard was inducted into the…

The U.S. Bankruptcy Court approved Aeropostale’s motion for an extension of the exclusive period during which the Company can file a plan and solicit acceptances thereof. The order states, “Pursuant to section 1121(d) of the Bankruptcy Code, the Exclusive Filing Period is extended through and including May 1, 2017. Pursuant to section 1121(d) of the…

Multiple parties – including the Internal Revenue Service (IRS), Evoqua Water Technologies, Helivia International, Starlite Aviation Group, Chubb Companies and Wilmington Trust – filed with the U.S. Bankruptcy Court separate objections to Erickson’s Chapter 11 Plan. The IRS asserts, “Notwithstanding any other provision or term of the Plan or Confirmation Order, the following Default Provision…

Privately-held Sungevity and three affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-10561. The Company, which offers solar energy solutions, is represented by M. Blake Cleary of Young Conaway Stargatt & Taylor. In connection with the restructuring process, and under Section 363 of…

Goodman Networks (f/k/a Multiband) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-31575. The Company, which provides end-to-end network infrastructure and professional services to the telecommunications industry, is represented by Stephen M. Pezanosky of Haynes and Boone. Concurrent with its…

The U.S. Bankruptcy Court issued an order confirming Triangle USA Petroleum’s Third Amended Joint Chapter 11 Plan of Reorganization. As previously reported, “On or about the Effective Date, New TUSA HoldCo (or other applicable Reorganized Debtor, as set forth in the Restructuring Transactions Memorandum) shall authorize and issue the New TUSA HoldCo Common Stock in…

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