Firstenergy Solutions filed with the U.S. Bankruptcy Court a motion to sell property free and clear of liens and authorizing the assumption of the aircraft purchase agreements; authorizing the sale of the aircraft assets of certain debtors free and clear of all liens, claims, interests and encumbrances. The sale motion explains, “FES and FEALC each…

The U.S. Bankruptcy Court issued an order confirming Cumulus Media’s First Amended Joint Chapter 11 Plan of Reorganization. The order states, “On the Effective Date, the Management Incentive Plan shall be, and shall be deemed to have been, adopted and implemented by the Reorganized Debtors. In accordance with the Management Incentive Plan, 9.25% of the…

Medizone International filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Nevada, case number 18-12662. The Company, which manufactures the AsepticSure® system, a disinfectant technology, is represented by Matthew C. Zirzow of Larson Zirzow & Kaplan. The Chapter 7 petition follows closely on the Company’s April 20, 2018 announcement that…

Real Industry’s Plan of Reorganization became effective and the Company emerged from Chapter 11 protection, with a new name: “Elah Holdings.” The U.S. Bankruptcy Court confirmed the plan on May 02, 2018, and the revisions are confirmed along with the effective order. As noted in the filings with the SEC, “As of the Effective Date, the…

The U.S. Trustee assigned to Gibson Brands’ case filed with the U.S. Bankruptcy Court a notice of appointment of official committee of unsecured creditors. The following members will serve on that committee: Thomas Dougherty with TKL Products Corp., Cory Berger with Grover Musical Products; Keith Ebert with EDC, Inc.;  Steve Tracy with Advance Plating; Joseph…

Mountain Crane Service filed with the U.S. Bankruptcy Court a motion for authority to implement a key employee retention plan (KERP). The motion explains, “Under the Debtor’s proposed Plan of Reorganization [Docket No. 169] (the ‘Plan’), the Debtor intends to ‘continue its normal business operations’ and emerge from the Case as a Reorganized Debtor. The…

Erin Energy (F/D/B/A Camac Energy and Pacific Asia Petroleum) and three affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 18-32106. The Company, which explores and produces energy resources in sub-Saharan Africa, is represented by Matthew Okin of Okin Adams. Femi Ayoade, Erin Energy’s…

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