SunEdison’s official committee of unsecured creditors’ filed with the U.S. Bankruptcy Court a limited objection to the Debtors’ motion for order authorizing Debtors (a) to obtain replacement post-petition financing, to utilize cash collateral and to repay existing post-petition financing. The committee asserts, “The New DIP Motion is the latest in a series of actions taken…

Goodman Networks filed with the U.S. Bankruptcy Court an emergency motion adjourning the hearing to consider confirmation of the Debtors’ chapter 11 plan and approval of related disclosure statement. The motion explains, “The Debtors now seek to continue the Confirmation Hearing to May 2, 2017. As previously disclosed in various filings (including the Disclosure Statement…

The U.S. Bankruptcy Court issued an order approving Corporate Resource Services’ Chapter 11 trustee’s motion for entry of an order approving a settlement agreement with Del Monte Fresh Production and Del Monte Fresh Produce. As previously reported, “As part of the ongoing administration of the jointly administered estates before the Court in these cases, the…

The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including May 12, 2017 and July 11, 2017, respectively. As previously reported, “Pursuant to this Motion, the Debtors seek an additional 60-day extension of the…

The U.S. Bankruptcy Court confirmed, with revisions, Violin Memory’s Second Amended Plan of Reorganization. According to the documents filed with the Court, “The Distribution Trust shall be jointly administered by two Distribution Trustees with equal rights, duties and obligations pursuant to the Distribution Trust Agreement and the Plan….The initial Distribution Trustees will be one designee…

The U.S. Trustee assigned to P10 Industries filed with the U.S. Bankruptcy Court a notice stating the inability to appoint an unsecured creditors’ committee. The notice states, “The United States Trustee has attempted to solicit creditors interested in serving on a Creditors’ Committee from the 20 largest unsecured creditors. The United States Trustee, however, has…

Performance Sports Group filed with the U.S. Bankruptcy Court an objection to Stornoway Portfolio Management’s notices of intent to purchase, acquire, or otherwise accumulate an equity interest. The objection asserts, “If the Debtors undergo an “ownership change,” section 382 of title 26 of the United States Code, the Internal Revenue Code of 1986, as amended…

Paragon Offshore’s unofficial equity committee of the shareholders filed with the U.S. Bankruptcy Court an objection to the Debtors’ fifth motion for entry of an order extending the exclusive periods. The objection asserts, “There is nothing expeditious about the Third Joint Chapter 11 Plan of Paragon Offshore. In fact, even if Third Plan were to…

The U.S. Bankruptcy Court issued an order on an interim basis, approving Unilife’s motion for interim and final orders authorizing Debtors to obtain post-petition secured super-priority D.I.P. financing; authorizing cash collateral; granting adequate protection and scheduling a final hearing. As previously reported, “Lender ROS Acquisition Offshore is providing a commitment for 100% of the financing,…

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