The U.S. Trustee assigned to the Roust case filed with the U.S. Bankruptcy Court an objection to the Debtors’ Plan. The objection asserts, “A little over three years after emerging from their last expedited prepackaged bankruptcy case filed in the District of Delaware, the Debtors, in unprecedented fashion, request that this Court, in essence, rubber…

The U.S. Bankruptcy Court issued an order approving Cal Dive International’s motion to enter into and perform under a settlement agreement by and between Deepcor Marine and Debtor Cal Dive Offshore Contractors. As previously reported, “Deepcor agreed to provide certain surface-diving-related services to Cal Dive (the ‘Surface Diving Services’), for which Cal Dive paid Deepcor…

Euclid Investments and Euclid Claims Recovery filed with the U.S. Bankruptcy Court an objection to Premier Exhibitions’ second motion for an exclusivity extension. The objection explains, “It is distressingly apparent from the Second Extension Motion that debtor management seeks to have the Court and all parties in interest ignore management’s fiduciary malfeasance and failure to…

Roust Corporation filed with the U.S. Bankruptcy Court a motion for an order (i) authorizing the Debtors to assume s restructuring support agreement (RSA), (ii) authorizing the Debtors to (a) assume a backstop agreement, (b) pay the backstop commitment fee and (c) incur certain indemnification obligations and (iii) granting related relief. The motion explains, “On…

Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a Seventh Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “In the Plan, Holders of Allowed Class B6 Claims will receive their Pro Rata recovery from the EFIH Creditor Recovery Pool on account of the Allowed EFIH General Unsecured…

American Gilsonite’s First 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 December 8, 2016. BankruptcyData’s detailed Plan Summary notes, “The Plan will de-lever American Gilsonite’s balance sheet and set it on a path to emerge from bankruptcy…

Privately-held Transmar Commodity Group (f/d/b/a Transmar Group, USA) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 16-13625. The Company, which distributes grocery products, particularly cocoa trade houses, is represented by Tracy Klestadt of Klestadt Winters Jureller Southard & Stevens. In documents filed with the…

Emerald Oil filed with the U.S. Bankruptcy Court a Chapter 11 Joint Plan of Liquidation and related Disclosure Statement. The Disclosure Statement notes, “Class 2 Claims shall be Allowed in the amount of $27,678,151. Each Holder of an Allowed Class 2 Claim shall be satisfied in full by the payment by the Plan Administrator of…

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