In Form 10-Q filed on August 8, 2017, EXCO Resources, Inc. announced operating and financial results for second quarter 2017. According to EXCO Resources, the Company’s liquidity is not expected to be sufficient to support the cash interest payments due under its outstanding indebtedness for the following twelve-month period or to repay the outstanding indebtedness…

BankruptcyData’s detailed analysis and summary of Implant Sciences’ First Amended Joint Plan, dated June 14, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on August 3, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan provides for the substantive consolidation of the Debtors and provides for the…

The U.S. Trustee assigned to the Grandparents.com case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The Trustee asserts, “This case contains specific facts and circumstances that have not been seen in this Court before. To wit, the extraordinary relationship between the Debtors and VB Funding. A relationship so close…

Fair Lakes Crabhouse, Washingtonian Associates and Navillus Group (collectively, “Objecting Landlords”) filed with the U.S. Bankruptcy Court an objection to Ignite Restaurant Group’s sale motion. The objection asserts, “Now that Landry’s has been deemed the Prevailing Bidder, it has proposed in its adequate assurance information to set up certain indirect wholly owned subsidiaries to assume…

The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion seeking authority to enter into swap agreements, pledge collateral, grant D.I.P. super-priority claims and honor obligations thereunder and enter into a fourth amendment to its post-petition senior secured super-priority financing agreement. As previously reported, “The benefits of entering into the Swap Agreements immediately are twofold. First,…

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