Hampshire Group filed with the U.S. Bankruptcy Court second motion to extend by 30 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including June 21, 2017 and August 21, 2017, respectively. The motion explains, “The Debtors and the Committee anticipate seeking a combined…

Westech Capital’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a Chapter 11 Plan (as Corrected) and a Second Amended Disclosure Statement. According to documents filed with the Court, “The Trustee has asserted claims against Salamone and other insiders for preferences and transfers arising from payments made to them and/or for their benefit after…

Progressive Steel Workers of Hammond (PSWH) filed with the U.S. Bankruptcy Court an objection to Optima Specialty Steel’s Disclosure Statement. The objection asserts, “PSWH objects to the Motion on the basis that the Disclosure Statement fails to provide adequate information to permit interested parties to assess and vote upon the Plan. Specifically, the Disclosure Statement…

Gulfmark Offshore filed with the U.S. Bankruptcy Court a motion for authority to assume a restructuring support agreement (RSA). The motion explains, “The terms of the restructuring are reflected in the RSA entered into between the Debtor and the Consenting Noteholders….The RSA is the byproduct of extensive, arms’-length negotiations between the Debtor and the Ad…

Premier Exhibitions filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtors, the official committee of unsecured creditors and the official committee of equity security holders to enter into and perform obligations under a plan support agreement (PSA). The motion explains, “The Debtors believe that the contemplated Complete Sale Plan will…

The U.S. Bankruptcy Court issued an interim order approving rue21’s emergency financing motion. As previously reported, “The DIP ABL Lenders agreed to issue in the aggregate principal amount of $125 million, including (a) a $25 million sublimit for the issuance of Letters of Credit and (b) a $15 million sublimit for Swing Line Loans, pursuant…

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