Privately-held Kingman Farms Ventures, LLC (Kingman Farms) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nevada, case number 18-10180. Based in Las Vegas, NV, the Company is led by James M. Rhodes, President of Truckee Springs Holdings: manager of the Debtor. Kingman Farms is represented in bankruptcy proceedings by…

The U.S. Bankruptcy Court approved Real Industry’s motion to implement the Real Alloy Debtors’ (i) key employee incentive plan (KEIP) and (ii) key employee retention plan (KERP). As previously reported, the KEIP motion explains, “The Real Alloy Debtors have therefore developed two plans – the KEIP and the KERP – that are narrowly tailored and…

Oakridge Holdings filed with the U.S. Bankruptcy Court a renewed motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof, both through and including March 18, 2018. The motion explains, “The Debtors have made significant progress towards reorganization. They have obtained crucial post-petition financing to…

Rentech filed with the U.S. Bankruptcy Court a motion to (a) obtain post-petition financing, (b) grant senior liens and super-priority administrative expense status and (c) grant adequate protection to pre-petition lenders. The motion explains, “Authorizing the Debtors to obtain secured postpetition financing in an aggregate principal amount of up to $3 million (the ‘DIP Facility’)…

The U.S. Bankruptcy Court approved J.G. Wentworth’s Disclosure Statement and concurrently confirmed the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization, under which all term loan claims shall be terminated in exchange for a share of cash equal to the lesser of (1) $45 million and (2) the dollar amount needed to maintain Company liquidity….

George Putnam’s Turnaround Letter recently published its latest free report: “Top Five Turnaround Stocks for 2018,” which details five hot value stock recommendations—all hand-picked by George Putnam, III and based on potential stock profit in 2018 and beyond. One of the recommended stocks, Consolidated Communications (CNSL), acquired FairPoint Communications. The Turnaround Letter had recommended FairPoint…

The U.S. Bankruptcy Court issued an order approving GenOn Energy’s motion for entry of an order (i) authorizing and directing certain actions in furtherance of the Company’s GenMa settlement and (ii) estimating U.S. Bank’s claims. As previously reported, “The GenMA Settlement provides for, among other things: the payment of: (a) the outstanding Lessor Notes in…

CGG Holding filed with the U.S. Bankruptcy Court a status report with respect to the reorganization of the Debtors and their non-debtor affiliates (collectively, “CGG Group”) in France and the United States through the Safeguard Plan and the Joint Chapter 11 Plan of Reorganization [Further Revised], respectively. According to documents filed with the Court, “As…

The U.S. Trustee assigned to the Aeropostale case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The Trustee asserts, “The United States Trustee objects to the Third Amended Disclosure Statement because it fails to contain adequate information on a number of material issues. Specifically, the Third Amended Plan contains broad…