GSE Environmental filed with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the Debtors’ reorganization as a going concern and proposes an appropriate post-emergence balance sheet that will position the Debtors for future success. Specifically, the Plan contemplates a…

The U.S. Bankruptcy Court approved Dolan’s Disclosure Statement and concurrently confirmed its Modified Joint Prepackaged Plan of Reorganization, pursuant to Chapter 11 of the Bankruptcy Code. The Company anticipates the Plan will become effective later this week. Under the Plan, the Company’s secured lenders will become the owner of Dolan and its e-discovery business, DiscoverReady,…

The U.S. Bankruptcy Court approved Global Geophysical Services’ key employee retention program (KERP). As previously reported, “The Retention Program provides assurance to non-insider employees that they will be compensated while they support the Debtors’ restructuring efforts. Absent such program, it is the Debtors’ business judgment that the Debtors could experience significant turnover, which would be…

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