Emerge Energy Services LP – Aptly Named Debtors Emerge from Highly Contentious Chapter 11 Owned by Second Lien Notes Holders; Unsecured Creditors Holding $574mn of Debt Are Crammed Down and Get Nothing

December 23, 2019 – The Debtors notified the Court [Docket No. 733] that their Second Amended Plan of Reorganization had become effective as of December 20, 2019. The Court had previously approved the Debtors’ Plan on December 18, 2019 [Docket No. 721]. The Debtors also filed a Plan supplement listing contracts to be assumed [Docket…