Mentor Graphics filed with the U.S. Bankruptcy Court an objection to Avaya’s motion seeking entry of an order approving bidding procedures in connection with the sale of the Debtors’ Networking business, scheduling an auction and a sale hearing, extending the deadline to assume or reject the Billerica lease and approving the sale of assets free…

According to a corporate release Venoco announced that the U.S. Bankruptcy Court has indicated that it will enter an order confirming Venoco’s First Amended Joint Plan of Reorganization. The Company notes that this Plan will eliminate approximately $1 billion of debt from its balance sheet and better position it for long-term success. Venoco will retain…

According to the U.S. Bankruptcy Court docket, Doral Financial and its official committee of unsecured creditors filed a Chapter 11 Plan of Reorganization and a related Disclosure Statement. The Disclosure Statement notes, “If the Plan is confirmed by the Bankruptcy Court, (a) each Holder of a Class 1 Claim will receive, in full satisfaction and…

Quantum Fuel Systems Technologies Worldwide filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, case number 16-11202. According to a corporate release, the Company intends to use the bankruptcy process to seek an acquirer through an expeditious 363 sale process. Pending Court approval, Quantum Fuel Systems Technologies Worldwide…

The U.S. Bankruptcy Court issued an order denying the motion filed by Affirmative Insurance Holdings’ Court-affirmed rehabilitator seeking to dismiss the Chapter 11 proceeding. The order states, “Upon consideration of the Motion of Anne Melissa Dowling, Acting Director of Insurance of the State of Illinois, in her role as Statutory and Court-Affirmed Rehabilitator, for Entry…