Abengoa Bioenergy US Holdings filed with the U.S. Bankruptcy Court “corrected PDF” versions of the the Third Amended Joint Plans of Liquidation and a related Disclosure Statement. The Court subsequently approved the Disclosure Statement and scheduled an April 26, 2017 hearing to consider the Plan. As previously reported, “The Plan as currently proposed, including the…

The U.S. Bankruptcy Court issued an order approving Nortel Networks (NNI)’s motion to approve a compromise and settlement with purchaser Ciena Corporation. As previously reported, “As of the date of this Motion, the Distribution Escrow Accounts hold approximately $7.3 billion in Sale Proceeds. Among such escrow accounts is the MEN Distribution Escrow Account, as provided…

The U.S. Bankruptcy Court approved Multimedia Platforms motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including April 2, 2017 and June 1, 2017 respectively. As previously reported, “These cases have been pending for less than 120 days and progress has been…

Cosi filed with the U.S. Bankruptcy Court to motion to (1) increase amount of borrowing under its D.I.P. loans and (2) amend the final order authorizing the Debtors to obtain post-petition financing and utilize cash collateral and granting adequate protection to prepetition secured parties. The motion explains, “By this Motion, the Debtors request entry of…

Samson Resources filed with the U.S. Bankruptcy Court a Supplement to its Global Settlement Joint Chapter 11 Plan of Reorganization. The Supplement contains the following documents: Exhibit A: new organizational documents; Exhibit B: schedule of rejected executory contracts and unexpired leases and schedule of executory contracts and unexpired leases to be assumed; Exhibit C: list…

Performance Sports Group announced completion of its sale of substantially all of the assets of the Company and its North American subsidiaries including its European and global operations to an acquisition vehicle co-owned by affiliates of Sagard Holdings and Fairfax Financial Holdings (Purchaser). Upon consummation of the sale, the Company will no longer exist as…

SunEdison’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for order authorizing post-petition indemnification of J.P. Morgan Securities (JPM) as financial advisor to the Tranche B lenders/steering committee. The committee asserts, “Based on the information provided thus far, the compensation and indemnification proposed in the Indemnification…

Stone Energy’s Second Amended Joint 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 February 15, 2017. BankruptcyData’s detailed Plan Summary notes, “Prepetition Notes Claims will receive its respective pro rata share of the Prepetition Notes Cash, the New Secured…

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