Hancock Fabrics 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 May 12, 2017. The motion explains, “As a result, during the first year of these large and complex chapter 11 cases, the Debtors…

Privately-held Eastern Outfitters (f/k/a Subortis Retail Group) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-10243. The Company, which offers retail clothing and accessories, is represented by Norman L. Pernick of Cole Schotz. As widely reported, U.K.-based Sports Direct International engaged in pre-petition negotiations with…

The U.S. Trustee assigned to the Energy Future Holding (EFH) case and Somervell County filed with the U.S. Bankruptcy Court separate objections to EFH’s Seventh Amended Joint Plan of Reorganization as it applies to the EFH and the EFIH Debtors (the E-Side Plan). The Trustee asserts, “The E-Side Plan cannot be confirmed to the extent…

Illinois Power Generating Company’s Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on January 25, 2017. BankruptcyData’s detailed Plan Summary notes, “The Liquidation Analysis for Reorganized Illinois Power estimates the Net Realizable Liquidation Proceeds to be between $161.5 million and…

Breitburn Energy Partners filed with the U.S. Bankruptcy Court a motion for an order approving Debtors’ 2017 retention and incentive programs for certain key employees. The motion explains, “By this Motion, the Debtors seek approval of their 2017 employee compensation programs (the ‘2017 Employee Programs’) that are substantially identical to the 2016 Employee Programs, except…

NephroGenex filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtor’s entry into a plan support agreement (PSA) with Medpace. The PSA motion explains, “The Term Sheet contemplates a plan of reorganization pursuant to which Medpace would waive its cash distribution and exchange its unsecured claim against the Debtor in the…

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