The U.S. Bankruptcy Court issued an order approving Northstar Aerospace’s motion for voluntary dismissal of its jointly administered bankruptcy cases. As previously reported, “The Debtors have sold or collected substantially all of their assets and any remaining assets are fully encumbered by pre-petition senior secured debt as well as the junior debtor-in-possession financing. Dismissal rather…

USEC’s Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection under the name Centrus Energy. The Court confirmed the Plan on September 5, 2014. The Company’s stock is expected to begin trading on the NYSE on September 30, 2014 under the ticker symbol LEU. USEC did not require external exit financing…

The U.S. Trustee assigned to the NII Holdings case appointed an official committee of unsecured creditors. The following members will serve on the committee: Peter Finkel of Wilmington Trust, National Association, David Daigle of Capital Research and Management, Dan Gropper of Aurelius Investment, Patrick Healy of Wilmington Savings Fund Society and Susanne M. Kandel of…

The U.S. Bankruptcy Court approved a stipulation between Global Aviation Holdings and United Healthcare Services. According to the documents filed with the Court, “Under the terms of the Administrative Services Agreement (ASA), United also administered benefits for the Debtors’ former employees (the ‘COBRA Participants’) electing to receive health insurance coverage pursuant to the Consolidated Omnibus…

The U.S. Bankruptcy Court issued an order approving Tweeter Home Entertainment Group’s Disclosure Statement related to its Amended Chapter 11 Plan of Liquidation. As previously reported, “The Plan is the result of ongoing negotiations with a number of creditors and creditor representatives. The Plan provides for the orderly liquidation of the Debtors, because substantially all…

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