The U.S. Bankruptcy Court approved Ezra Holdings’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 13, 2017 and January 12, 2018, respectively. As previously reported, “The Debtors intend to maintain speed and efficiency in these chapter 11 cases as…

Tidewater’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 July 17, 2017. Through its Plan, Tidewater eliminated approximately $1.6 billion in principal of outstanding debt, and considering the rejection of certain sale-leaseback agreements, Tidewater estimates that…

The Commonwealth of Puerto Rico and its official committee of retired employees of the Commonwealth of Puerto Rico’s filed with the U.S. Bankruptcy Court separate objections to the motion seeking appointment of additional committee of government employees and active pension plan participants or, in the alternative, reconstitution of the retiree committee. The committee’s objection explains,…

The U.S. Bankruptcy Court confirmed SunEdison’s Second Amended Joint Plan of Reorganization. According to documents filed with the Court, “The Plan depends on two global settlements: (1) The YieldCo Settlements – As of March 6, 2017, the Debtors announced their proposed settlements of Claims and Causes of Action between the Debtors and each of the…

The U.S. Bankruptcy Court issued an order scheduling certain hearing dates and deadlines and establishing certain protocols in connection with the Joint Plan of Reorganization of Energy Future Holdings/Energy Future Intermediate Holding Company. The order states, “The Court strongly encourages the parties to resolve all objections to the Disclosure Statement hearing, encourages the parties to…

The U.S. Bankruptcy Court approved Implant Sciences’ third motion for entry of an order extending by 60 days the exclusive periods for filing of a Chapter 11 plan and soliciting acceptances thereof through and including August 29, 2017 and October 27, 2017, respectively. As previously reported, “The Debtors filed the Initial Plan and Initial Disclosure…

Hancock Fabrics’ Second Amended Joint Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on June 20, 2017. BankruptcyData’s detailed Plan Summary notes, “The Plan is a liquidating plan that provides that, among other things, the Debtors’ current Board of Directors will…

On July 24, 2017, Interleukin Genetics, Inc. announced the adoption of a plan to wind-up and liquidate the Company subject to shareholder approval. In an effort to preserve capital for shareholders and the satisfaction of debtors, the Company will begin the process of delisting under Section 12(b) of the Securities Act and deregister its issued…

BankruptcyData’s detailed analysis and summary of Nuverra Environmental Solutions’ Modified Amended Prepackaged Plan of Reorganization, dated June 23, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on July 25, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Debtors believe that the Plan reflects an appropriate resolution of…

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