Tidewater filed with the U.S. Bankruptcy Court a motion for entry of an order approving non-insider retention payment for key employees. The motion explains, “Prior to the commencement of these chapter 11 cases, the Debtors, with the assistance of their advisors and input from the board of directors (the ‘Board’), designed and implemented a Key…

The U.S. Bankruptcy Court approved SunEdison’s motion for entry of an order authorizing and approving (i) (a) its entry into a backstop commitment letter, (b) equity commitment agreement, (c) payment of fees and expenses and (ii) the rights offering procedures and related forms. As previously reported, “The Debtors seek approval of the Backstop Commitment Letter,…

The U.S. Bankruptcy Court approved, on a final basis, Nuverra Environmental Solutions’ financing motion. As previously reported, “In an effort to continue operations and preserve estate value, the Debtors secured two complimentary credit facilities: the $31.5 million DIP Revolving Facility from the lenders under the Existing Revolving Credit Facility (the ‘Existing Revolving Credit Facility Lenders’)…

Multiple parties – including Chubb Companies, Texas Ad Valorem Taxing Jurisdictions and the Internal Revenue Service (IRS) – filed with the U.S. Bankruptcy Court separate objections to Hancock Fabrics’ Second Amended Joint Chapter 11 Plan of Liquidation. The IRS asserts, “IRS is a creditor and party in interest. IRS filed an amended proof of claim…

Phillips Edison & Company, Ramco-Gershenson Properties filed with the U.S. Bankruptcy Court an objection to rue21’s motion for entry of final order authorizing the Debtors to assume the consulting agreement and approving procedures for store closing sales. The objection asserts, “There should be a finite period of time within which Debtors may conduct the GOB…

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