Privately-held Ameriforge Group (d/b/a AFGlobal) and 19 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 17-32660. The Company, which provides technology, services and fully-integrated manufacturing capabilities to the oil and gas, general industrial, aerospace and power generation industries, is represented by Patricia…

Bonanza Creek Energy’s Third Amended Joint Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on April 7, 2017. BankruptcyData’s detailed Plan Summary notes, “The Plan and the Restructuring Support Agreement contemplate a restructuring that provides for, among other things, either payment in…

Erickson’s Second Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on March 22, 2017. According to BankruptcyData’s detailed Plan Summary, “General Unsecured Claims will receive its pro rata share of the Litigation Trust Interests, for a rate of recovery of 0.11%…

On April 26, 2017, S&P Global Ratings revised its outlook on PaperWorks Industries Holding Corp. to negative from stable and affirmed its B- corporate credit rating and lowered its senior secured notes to CCC+ from B-. According to S&P Global, PaperWorks Industries recently reported tepid earnings guidance for fiscal-year 2017, with free cash flow expected…

The U.S. Bankruptcy Court approved the motion of BioNitrogen Holdings’ Debtor affiliate 4A Technologies for an order authorizing the sale of substantially all of its assets, free and clear of liens, claims, encumbrances and other interests; approving the purchase agreement for such sale and granting the purchaser the protections afforded to a good faith purchaser….

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