Privately-held American Fuel Cell and Coated Fabrics Company (American Fuel Cell or AmFuel) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas (Fort Worth Division), case number 17-44766. The Company, which is located in Wichita Falls, TX, is headed by Leonard J. Annalor as C.E.O. and represented by…

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 January 15, 2018. As previously reported, “After extensive negotiations with various creditor constituencies holding competing interests, the Debtors filed their joint chapter 11 on…

The U.S. Bankruptcy Court issued an order approving COPSync’s sale of assets free and clear with liens, claims and encumbrances, attaching to the proceeds, approving purchase agreement, determining that the purchaser is a good faith purchaser (pursuant to Section 363, approving the assumption and assignment of certain contracts and leases and abrogating the Bankruptcy Rule…

On November 20, 2017, Moody’s Investors Service downgraded Houghton Mifflin Harcourt Publishers Inc.’s (HMH) [Houghton Mifflin Harcourt Company] corporate family rating to Caa1 from B3, its probability of default rating to Caa1-PD from B3-PD and its senior secured bank credit facility rating to Caa2 from B3. According to Moody’s, the downgrade reflects continued challenges that…

Verizon Communications filed with the U.S. Bankruptcy Court an objection to cure amounts in the executory contracts and unexpired leases to be assumed by the Debtors, pursuant to the Plan of Reorganization. The objection asserts, “Although Verizon does not generally oppose assumption, it objects to such assumption to the extent that the proposed cure fails…

Ciber filed with the U.S. Bankruptcy Court an objection to the motion of Ciber Global (f/k/a HTC Global Ventures) to enforce the terms of the asset purchase agreement. The objection asserts, “The Motion fundamentally misinterprets clear contractual language contained in the APA and attempts to foist upon the Debtors’ Estates obligations clearly assumed by the…

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