A.M. Castle & Co.’s Amended Prepackaged Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on August 2, 2017. BankruptcyData’s detailed Plan Summary notes, “Upon emergence from chapter 11, the Reorganized Debtors expect to have outstanding debt primarily consisting of obligations…

GenOn Energy filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing and approving the Debtors’ cash incentive plan. The motion explains, “To incentivize the Participants, the Cash Incentive Plan provides for a variable cash award (a) earned upon entry into definitive documentation for any Sale Transaction during a Participant’s employment…

Ciber filed with the U.S. Bankruptcy Court a motion to approve a compromise, and for an order approving and authorizing its entry into a settlement and release agreement by and among Ciber, CiberGlobal, Savvis Communications and CenturyLink Communications. The motion explains, “Over the past several months, the Parties have engaged in extensive arm’s-length negotiations over,…

WestMountain Gold filed with the U.S. Bankruptcy Court a First Amended Disclosure Statement to accompany its Chapter 11 Plan of Reorganization, dated June 26, 2017. According to the Disclosure Statement, “The Plan will not become effective, as defined in the Plan, if at least $3 million in New Capital is not raised on or before…

Uni-Pixel and Uni-Pixel Displays filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of California, lead case number 17-52100. The Company, which designs, develops manufactures and sells electronic components, is represented by Scott H. McNutt of McNutt Law Group. A corporate release explains, “[The Company] is obligated to advance expenses…

Avaya filed with the U.S. Bankruptcy Court a motion seeking entry of a third order extending the Debtors’ exclusive periods to file a Chapter 11 Plan and solicit acceptances thereof through and including November 30, 2017 and January 31, 2018, respectively. The motion explains, “Since their last exclusivity extension was granted on July 26, 2017,…

Perfumania Holdings filed with the U.S. Bankruptcy Court a Revised Prepackaged Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the following key economic terms and mechanics: All creditors of the Debtors will be unimpaired and have their claims either reinstated or paid in full…

Gymboree filed with the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of Reorganization, which notes the following: “Class 5 consists of all General Unsecured Claims. Except as otherwise provided in the Plan in full and final satisfaction of each Allowed Class 5 Claim, each Holder thereof shall receive its Pro Rata share of…

The U.S. Bankruptcy Court issued an order approving TerraVia Holdings’ key executive incentive plan (KEIP). As previously reported, “The Debtors assert that the modest bonus payments set forth in the KEIP are reasonable and appropriate….The KEIP will provide performance incentives for the Key Executives. As members of the Debtors’ executive management team, the Key Executives…

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