Chapter 11

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EXCO Resources Files Chapter 11

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE: XCO.BC) (OTC Pink: XCOO) (“EXCO” or the “Company”) today announced that in order to facilitate a restructuring of its balance sheet, the Company and certain of its subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court…

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Recently Emerged Avaya Trading on OTC

Avaya Successfully Completes Financial Restructuring and Emerges from Chapter 11 December 15, 2017 Company Exits with Stronger Balance Sheet, Well-Positioned for Long-Term Success Santa Clara, Calif. — December 15, 2017 — Avaya Holdings Corp. (“Avaya” or the “Company”) announced that it has successfully completed its debt restructuring and emerged from chapter 11. “This is the beginning…

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Cobalt Int’l Energy Files Chapter 11

HOUSTON, TX — December 14, 2017 (BUSINESS WIRE) – Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Chapter 11 Cases”). Cobalt…

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GulfMark Offshore Emerges from Chapter 11

GulfMark Offshore, Inc. (NYSE American:GLF) (“GulfMark” or the “Company”) today announced that it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The Company’s court-approved Plan of Reorganization (the “Plan”) went into effect today, November 14, 2017. The Plan converts approximately $429.6 million of outstanding…

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Pacific Drilling Files Chapter 11

LUXEMBOURG –(BUSINESS WIRE)– Pacific Drilling S.A. (OTCPink: PACDF) today announced that, with the aim to optimize its capital structure pending recovery in the floating rig drilling industry, it and certain of its domestic and international subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern…

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Caesars Ent. Emerges from Chapter 11

LAS VEGAS, Oct. 6, 2017 /PRNewswire/ — Caesars Entertainment Corporation (“Caesars Entertainment” or the “Company”) (NASDAQ: CZR) today announced the completion of its previously announced merger with Caesars Acquisition Company (“CAC”) and the conclusion of the restructuring of Caesars Entertainment Operating Company, Inc. (“CEOC”) and its debtor subsidiaries. As a result of these transactions, the newly restructured Caesars Entertainment is positioned to further…

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Seadrill Files Chapter 11

Hamilton, Bermuda, September 12, 2017 – Seadrill Limited (“Seadrill” or the “Company”) has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding Ltd. The agreement delivers $1.06 billion of new capital comprised…

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AM Castle Emerges from Chapter 11

OAK BROOK, IL, August 31, 2017 – A.M. Castle & Co. (OTC Pink: CASLQ) (the “Company” or “Castle”), a global distributor of specialty metal and supply chain solutions, today announced that it has emerged from its voluntary chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware commenced on June 18,…

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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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