The U.S. Bankruptcy Court entered an order approving Eagle Bulk Shipping’s Disclosure Statement and concurrently confirming its Prepackaged Plan of Reorganization. The Plan, which excludes all of the Company’s operating and management subsidiaries, is intended to facilitate a prompt exit from the financial restructuring process without disruption to Eagle Bulk Shipping’s business. The Disclosure Statement…

Privately-held ITR Concession Company filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Illinois, case number 14-34284. The Company, which operates the Indiana Toll Road, is represented by Marc Kieselstein of Kirkland & Ellis. Concurrent with its petition, the Company also filed a Joint Prepackaged Plan of Reorganization and…

Global Aviation Holdings filed with the U.S. Bankruptcy Court a fourth extension of forbearance stipulation and consent to use cash collateral between Global Aviation Holdings and Cerberus Business Finance. According to documents filed with the Court, “The Debtors and Cerberus desire to further extend the Forbearance Stipulation for continued use of cash collateral to September…

The U.S. Bankruptcy Court approved, on a final basis, Eagle Bulk Shipping’s motion for entry of interim and final orders (i) authorizing Debtor to obtain post-petition financing and use cash collateral; (ii) granting liens and providing super-priority administrative expense status; (iii) granting adequate protection; (iv) modifying automatic stay; (v) scheduling a final hearing to consider…

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