September 9, 2020 – At a 17-minute hearing, counsel for the Debtors (Joshua Sussberg of Kirkland & Ellis) addressed “breaking stories” as to his client and outlined terms agreed amongst the Debtors; prepetition lenders; and purchasers Simon Property Group ("Simon") and Brookfield Property Group ("Brookfield") that would push efforts to save J.C. Penney “into the…
September 2, 2020 – The Court hearing the Denbury Resources cases confirmed the Debtors’ Plan of Reorganization [Docket No. 273]. Also on September 2nd, the Debtors filed a technically modified Plan which attached a redline showing changes to the version filed the day previously [Docket No. 268]. On July 30, 2020, Denbury Resources Inc. and…
September 2, 2020 – Ursa Piceance Holdings LLC and three affiliated Debtors (“Ursa” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-12065. The Debtors, a Colorado-based E&P backed by energy-focused, private equity house Denham Capital, are represented by Edmon L. Morton of…
September 1, 2020 – FM Coal, LLC and five affiliated Debtors (“FM Coal” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Alabama, lead case number 20-02783. The Debtors, Alabama-based surface coal miners, are represented by Jesse S. Vogtle Jr. of Waller Lansden Dortch & Davis,…
September 1, 2020 – The Debtors filed their First Amended Plan of Liquidation and a related Disclosure Statement [Docket No. 2952 and 2953, respectively]; and further filed a blackline showing changes to each document as filed on July 1st [Docket No. 2954]. The amended Plan now embodies a global settlement (the "Global Settlement") which "provides…
August 27, 2020 – The Court hearing the EP Energy Corporation cases has confirmed the Debtors Modified Fifth Amended Plan. The Court has yet to issue a confirmation order but a proposed Plan confirmation order was filed by the Debtors on August 27th [Docket No. 1409]. On October 3, 2019, publicly-traded, EP Energy Corporation…
August 27, 2020 – The (former) Debtors notified the Court that their Second Amended Plan had become effective as of August 27, 2020 [Docket No. 293]. The Plan had previously been confirmed on August 6th [Docket No. 274]. On June 14, 2020, Skillsoft Corporation and 15 affiliated Debtors (“Skillsoft” or the “Debtors”) filed for Chapter…
August 27, 2020 – SAExploration Holdings, Inc. and four affiliated Debtors (OTC Pink: SAEX; “SAE” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-34306 (Judge Isgur). The Debtors, a Houston-based oilfield services company, are represented by John F. Higgins of Porter…
August 26, 2020 – The Court hearing the Jason Industries cases issued has confirmed the Debtors’ Prepackaged Plan of Reorganization [Docket No. 222] paving the way for the Debtors to emerge from bankruptcy, privately-held and minus $250.0mn of prepetition debt "in the coming days". On June 24, 2020, Jason Industries, Inc. and seven affiliated Debtors…
August 25, 2020 – The Court hearing the Chinos Holdings, Inc. (J. Crew Group) cases has confirmed the Debtors' Second Amended Plan [Docket No. 880]. In a press release, announcing the Plan's confirmation, the Debtors noted: "the Company expects to emerge from Chapter 11 in early September, after it has satisfied the customary conditions to…
