Chapter 11

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Crossroads Files Chapter 11

AUSTIN, Texas, Aug. 14, 2017 /PRNewswire/ — Crossroads Systems, Inc., (NASDAQ: CRDS) today announced that it has filed a case under Chapter 11 of the Bankruptcy Code and a prepackaged Chapter 11 plan of reorganization (“Plan”) that has been accepted by the holders of more than 2/3 of the Preferred Shares of CRDS.  In connection with the filing, the…

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Nuverra Emerges from Chapter 11

Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) announced today that, on August 7, 2017 (the “Effective Date”), the Company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code.  Pursuant to their Amended Joint Plans of Reorganization (collectively, the “Plan”), which were confirmed by the United States Bankruptcy Court…

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Vanguard Natural Emerges from Chapter 11

Houston – August 1, 2017 – (PR NEWSWIRE) – Vanguard Natural Resources, LLC announces that it successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name of Vanguard Natural Resources, Inc. (“Vanguard” or the “Company”). Through its financial restructuring and the sale of non-core assets while in Chapter 11,…

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Tidewater Chapter 11 Plan Confirmed

NEW ORLEANS, July 13, 2017 /PRNewswire/ — Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) today announced that the United States Bankruptcy Court for the District of Delaware(the “Court”) has confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater and its Affiliated Debtors, originally dated May 17, 2017 and amended on July 12, 2017 and July 13, 2017 (the “Plan”).  The Company…

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AM Castle Files Chapter 11

OAK BROOK, IL, June 19, 2017 – A. M. Castle & Co. (OTCQB: CASL) (the “Company” or “Castle”), a global distributor of specialty metal and supply chain solutions, today announced that on June 18, 2017, it and certain of its subsidiaries commenced voluntary chapter 11 proceedings with the United States Bankruptcy Court for the District…

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Tidewater Files Chapter 11

Link to Docket: https://tinyurl.com/me6e7n9 NEW ORLEANS, May 17, 2017—Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it and certain of its subsidiaries (collectively with Tidewater, the “Debtors”), have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the…

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GulfMark Offshore Files Chapter 11

Link to Docket: https://cases.primeclerk.com/gulfmark HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (“GulfMark”) (GLFM) announced today that it has commenced a chapter 11 case in the United States Bankruptcy Court for the District of Delaware. The bankruptcy filing is the next step in GulfMark’s restructuring efforts launched by the previously announced Restructuring Support Agreement…

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Nuverra Environmental Files Chapter 11

Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NESC) announced today that the Company and its subsidiaries (collectively, the “Nuverra Parties”) have filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), pursuant to…

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Republic Airways Emerges From Chapter 11

Republic Airways Holdings Inc., the parent of Republic Airline, the world’s largest E-Jet operator and the second-largest regional airline in the United States, announced today that it emerged from its Chapter 11 restructuring effective April 30, 2017. Republic will be closely held by certain unsecured creditors as outlined in its court-approved plan of reorganization. Republic…

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Adeptus Health Files Chapter 11

Link to Docket: http://dm.epiq11.com/ADPT LEWISVILLE, Texas, April 19, 2017 /PRNewswire/ — Adeptus Health Inc. (NYSE: ADPT), the largest operator of freestanding emergency rooms in the U.S., today announced that it has collaborated with Deerfield Management Company (“Deerfield”) and certain of its other creditors on the terms of a comprehensive financial restructuring plan that is expected to…

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Unilife Files Chapter 11

Link to Docket: http://www.omnimgt.com/unilife KING OF PRUSSIA, Pa., April 12, 2017 /PRNewswire/ — Unilife Corporation (“Unilife” and together with its domestic subsidiaries, the “Company”) (NASDAQ: UNIS; ASX: UNS) today announced that it has commenced a formal proceeding to restructure its balance sheet or to sell its assets as a going concern in order to better position the…

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Ultra Petroleum Emerges From Chapter 11

HOUSTON, April 12, 2017 /PRNewswire/ — Ultra Petroleum Corp. (“Ultra” or the “Company“) announced today that it has successfully completed its in-court restructuring and emerged from chapter 11. In support of its plan of reorganization, Ultra raised $2.98 billion in exit financing in order to pay creditors in full and preserve significant value for existing…

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Peabody Energy Emerges from Chapter 11

ST. LOUIS, April 3, 2017 /PRNewswire/ — Peabody announced today that it has emerged from Chapter 11 protection with a transformed capital structure, including new equity that is expected to begin trading tomorrow on the New York Stock Exchange under the ticker symbol BTU. “We believe that ‘The New BTU’ is well positioned to create…

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Chaparral Energy Emerges from Chapter 11

Capital Structure Pursuant to the Plan, each share of the Company’s existing common stock outstanding immediately before the Effective Date (including all options and warrants to purchase such stock) will be cancelled and of no further force or effect after the Effective Date. As of March 8, 2017, there were 1,392,706 outstanding shares of common…

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Stone Energy Emerges from Chapter 11

Stone Energy Corporation (SGY) (“Stone” or the “Company”) today announced that it successfully completed the conditions precedent to emerging from chapter 11 reorganization, and, accordingly, the Company’s Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, dated December 28, 2016 (the “Plan”), that was confirmed on February 15, 2017…

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Vanguard Natural Resources Files Chapter 11

Link to Docket: http://cases.primeclerk.com/vanguard Vanguard Natural Resources, LLC (VNR) (together with its wholly owned subsidiaries, collectively, “Vanguard” or the “Company”) today announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”).  In connection…

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Azure Midstream Files Chapter 11

Bankruptcy Docket: www.kccllc.net/azuremlp Azure Midstream Partners, LP (the “Company“) (AZUR) today announced that the Company, along with its affiliates and certain subsidiaries, commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas in its continuing efforts to manage its debt obligations and conserve its going concern value. The Company anticipates…

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C&J Energy Emerges from Chapter 11

C&J Energy Services, Inc. (as successor to C&J Energy Services Ltd. (“Legacy C&J”), and together with its subsidiaries, “C&J” or the “Company”) today announced that effective as of January 6, 2017, the Company has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its…

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Bonanza Creek Files Chapter 11

Link to Docket: https://cases.primeclerk.com/bcei Bonanza Creek Energy, Inc. (BCEI) (“Bonanza Creek” or the “Company”) and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of reorganization (“Prepackaged Plan”), in accordance with the…

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Energy XXI Emerges from Chapter 11

Energy XXI Ltd has successfully completed its financial restructuring and emerged from Chapter 11. Through this process, Energy XXI has substantially improved its financial position by eliminating more than $3.6 billion of debt from its balance sheet. Since its founding in 2005, Energy XXI has become one of the largest operators on the Gulf of…

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