Reorganized FLI (Farmland) filed with the U.S. Bankruptcy Court an objection to Rooster Energy’s Disclosure Statement. The objection asserts, “Debtors RRI Energy Services…are one of six remaining sets of defendants in the Antitrust Litigation. The Antitrust Litigation was brought for price fixing of natural gas in violation of state law. Farmland’s claim against the Debtor…

Triad Guaranty filed with the U.S. Bankruptcy Court a Disclosure Statement with respect to its previously-filed Joint Plan of Reorganization. The Disclosure Statement notes, “The Plan provides that all Holders of Allowed Administrative Expense Claims, Allowed Priority Claims, and Allowed General Unsecured Claims against the Debtor will be paid in full. The Plan provides that…

China Fishery Group’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a notice of sale of a non-debtor vessel, in accordance with the non-debtor asset sale order. The notice states, “Pursuant to the Non-Debtor Asset Sale Order, the Trustee proposes to enter into the transaction (the ‘Proposed Transaction’), which involves the private sale or…

Commonwealth of Puerto Rico’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the ad hoc group of general obligation (GO) bondholders’ motion to reconstitute the official committee of unsecured creditors. The objection asserts, “The Trustee has ably fulfilled its statutory duties by appointing a diverse and representative Committee comprised…

The U.S. Bankruptcy Court approved Ezra Holdings’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 13, 2017 and January 12, 2018, respectively. As previously reported, “The Debtors intend to maintain speed and efficiency in these chapter 11 cases as…

Tidewater’s Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on July 17, 2017. Through its Plan, Tidewater eliminated approximately $1.6 billion in principal of outstanding debt, and considering the rejection of certain sale-leaseback agreements, Tidewater estimates that…

The Commonwealth of Puerto Rico and its official committee of retired employees of the Commonwealth of Puerto Rico’s filed with the U.S. Bankruptcy Court separate objections to the motion seeking appointment of additional committee of government employees and active pension plan participants or, in the alternative, reconstitution of the retiree committee. The committee’s objection explains,…

The U.S. Bankruptcy Court confirmed SunEdison’s Second Amended Joint Plan of Reorganization. According to documents filed with the Court, “The Plan depends on two global settlements: (1) The YieldCo Settlements – As of March 6, 2017, the Debtors announced their proposed settlements of Claims and Causes of Action between the Debtors and each of the…

The U.S. Bankruptcy Court issued an order scheduling certain hearing dates and deadlines and establishing certain protocols in connection with the Joint Plan of Reorganization of Energy Future Holdings/Energy Future Intermediate Holding Company. The order states, “The Court strongly encourages the parties to resolve all objections to the Disclosure Statement hearing, encourages the parties to…

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