September 10, 2018 – The Debtors’ Ad Hoc Group of Unsecured Noteholders (“the Ad Hoc Group”) filed “Cleansing Materials” which describe events involving (i) the Debtors and (ii) certain noteholders and lenders; the knowledge of which might keep members of the Ad Hoc Group from trading in the Debtors’ securities. Publication of these events is…
September 6, 2018 – Gibson Brands filed a Fourth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 726] and requested approval of a Disclosure Statement addendum and amended solicitation procedures with respect to Class 6 And Class 8 claims (these two classes comprised of general unsecured claims of (i) less than $40,000 and (ii)…
August 22, 2018 – Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (collectively, the “Propco II Plan Debtors”) filed an Amended Joint Chapter 11 Plan of Reorganization of Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (With Technical Modifications) (“the Plan”) and a redline of the Plan…
Privately-held, The Nordam Group and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-11699. The Tulsa-based Company, which provides aerospace components, manufacturing and repair services to the business aviation industry, commercial aircraft industry, and military and defense markets worldwide, is represented by…
Zenith Bank Plc (“Zenith”) filed with the U.S. Bankruptcy Court a motion for dismissal or abstention under 11 U.S.C. Section 1112(b) and 305 (a)(1). In support of the dismissal, Zenith states, “The Debtors’ reorganization efforts hinged on success at a hearing before the Nigeria Federal High Court on July 6, 2018. The Nigeria Federal High…
The U.S. Bankruptcy Court approved iHeartMedia’s motion for the entry of an order extending the periods during which the Debtors have the exclusive right to file a Chapter 11 Plan, and obtain acceptance thereof, through and including November 24, 2018 and January 23, 2019, respectively. As previously reported, “The Debtors have continued to actively engage…
Premier Exhibitions’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to (a) an emergency motion of the official committee of equity security holders for derivative standing to prosecute litigation on behalf of the Debtors’ estates and (b) an emergency application to employ Robert Charbonneau and Agentis PLLC as special counsel…
Rex Energy filed with the U.S. Bankruptcy Court a motion for entry of interim and final orders (i) authorizing the Debtors to obtain superpriority D.I.P. financing, pursuant to the terms set forth in the D.I.P. credit agreement; (ii) authorizing the Debtors to use cash collateral; (iii) granting priming liens and superpriority administrative claims; (iv) approving…
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…
