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Preview: Bankruptcy

PR Newswire: Bankruptcy

Press Releases from PR Newswire about Bankruptcy

Published: Mon, 16 Jan 2017 14:22:22 EST

Last Build Date: Sun, 15 Jan 2017 20:20:00 EST


Statement by Peabody Energy

Sun, 15 Jan 2017 20:20:00 EST

(image) ST. LOUIS, Jan. 15, 2017 /PRNewswire/ -- Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties.  This statement is intended to address questions regarding steps leading up to Chapter 11, the request for...

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Performance Sports Group Provides Update Regarding Reporting And Regulatory Matters

Thu, 12 Jan 2017 18:20:00 EST

EXETER, N.H., Jan. 12, 2017 /PRNewswire/ -- Performance Sports Group Ltd. (OTC: PSGLQ) ("Performance Sports Group" or the "Company"), a leading developer and manufacturer of high performance sports equipment and apparel, and certain of its U.S. and Canadian subsidiaries have filed a...

Peabody Energy Provides Update Regarding Additional Support For Its Plan Of Reorganization

Sat, 07 Jan 2017 12:50:00 EST

(image) ST. LOUIS, Jan. 7, 2017 /PRNewswire/ -- Peabody Energy today provided an update regarding additional support from stakeholders to its plan of reorganization.  As of 3:00 p.m., New York City time, on Jan. 6, 2017, additional eligible holders of approximately 11.8 percent of the outstanding...

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Dominion Resources Black Warrior Trust Termination

Fri, 30 Dec 2016 16:19:00 EST

DALLAS, Dec. 30, 2016 /PRNewswire/ -- As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust"), was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company"), that it, together with certain of its...

Nasty Gal to Initiate Auction Process with UK Fashion Retailer as Stalking Horse

Wed, 28 Dec 2016 13:47:00 EST

(image) LOS ANGELES, Dec. 28, 2016 /PRNewswire/ -- Nasty Gal, Inc. (the "Company") today announced that it plans to seek permission from the U.S. Bankruptcy Court to launch an auction process for the sale of its business. The Company will seek approval of an agreement to have, one of...

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Basic Energy Services, Inc. To Continue Listing New Shares Of Common Stock And Resume Trading Under Ticker "BAS" Following Emergence From Chapter 11 Reorganization

Thu, 22 Dec 2016 12:00:00 EST

(image) FORT WORTH, Texas, Dec. 22, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company received approval to list its new common stock with the new CUSIP number 06985P 209 (the "New Common Shares") on the New York Stock Exchange...

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Dakota Plains Holdings, Inc. Begins Voluntary Chapter 11 Proceeding

Wed, 21 Dec 2016 19:41:00 EST

(image) WAYZATA, Minn., Dec. 21, 2016 /PRNewswire/ -- Dakota Plains Holdings, Inc. (the "Company" or "Dakota Plains") (NYSE MKT: DAKP) announced today that it and six of its wholly owned subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of...

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Noble Environmental Power LLC Completes Financial Restructuring and Emerges from Chapter 11

Thu, 15 Dec 2016 07:53:00 EST

(image) CENTERBROOK, Conn., Dec. 15, 2016 /PRNewswire/ -- Noble Environmental Power LLC announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, a process initiated on September 15, 2016.  Noble's Amended Plan of Reorganization was conf...

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STONE ENERGY CORPORATION Announces Filing for Court Approval of Prepackaged Restructuring Plan

Wed, 14 Dec 2016 16:54:00 EST

(image) LAFAYETTE, La., Dec. 14, 2016 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company"), and its domestic subsidiaries (together with the Company, the "Debtors"), today announced that they had filed voluntary petitions under chapter 11 of title 11 of the United...

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Basic Energy Services Obtains Court Approval Of Restructuring And Recapitalization Plan

Fri, 09 Dec 2016 14:54:00 EST

(image) FORT WORTH, Texas, Dec. 9, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged...

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Magnetation LLC Announces the Sale of its Assets to ERP Iron Ore, LLC

Wed, 07 Dec 2016 14:42:00 EST

GRAND RAPIDS, Minn., Dec. 7, 2016 /PRNewswire/ -- Magnetation LLC ("Magnetation") announced today that it has filed a motion with the U.S. Bankruptcy Court seeking authority to enter into an asset purchase agreement ("APA") that provides for the sale and transfer of substantially all of...

Caesars Entertainment, Caesars Entertainment Operating Co. Announce Overwhelming Creditor Support in Vote to Accept CEOC's Plan of Reorganization

Mon, 05 Dec 2016 16:56:00 EST

(image) LAS VEGAS, Dec. 5, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") today announced that substantiall...

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Dhandho Junoon ETF Announces Shareholder Approval Of Plan Of Reorganization

Mon, 05 Dec 2016 16:15:00 EST

DENVER, Dec. 5, 2016 /PRNewswire/ -- Dhandho Junoon ETF, a series of Elevation ETF Trust (the Fund), announced that, at the shareholder meeting held today, Fund shareholders of record as of October 25, 2016 approved a reorganization of the Fund into a newly-created, identically named...

Dowling College Oakdale And Brookhaven Properties To Be Sold In Bankruptcy By A&G Realty Partners And Madison Hawk

Wed, 30 Nov 2016 09:39:00 EST

(image) OAKDALE, N.Y., Nov. 30, 2016 /PRNewswire/ -- A&G Realty Partners and Madison Hawk have been retained to manage the sale of two properties formerly occupied by Dowling College in Oakdale and Brookhaven, NY. Dowling plans to sell two Suffolk County, Long Island properties through two...

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Vertellus Completes Chapter 11 Sale, Poised for Growth as a Financially Stronger Company

Tue, 01 Nov 2016 10:37:00 EDT

INDIANAPOLIS, Nov. 1, 2016 /PRNewswire/ -- Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, today announced that it completed the anticipated sale of substantially all of its U.S. and international assets to its prior term loan lenders, a group including...

Performance Sports Group enters into "Stalking Horse" Asset Purchase Agreement with Investor Group Led by Sagard Capital and Fairfax Financial for U.S. $575 million

Mon, 31 Oct 2016 06:34:00 EDT

(image) Commences Voluntary Proceedings under Chapter 11 in the United States and CCAA in Canada Receives Commitment for U.S.$386 million in New DIP Financing Company to Continue Operating Business and Serving Customers As Usual; Will Continue Payment of Employee Wages, Salaries and...

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Key Energy Services Commences Reorganization via Voluntary Chapter 11 Filing; Receives Approval of Critical "First Day" Motions

Tue, 25 Oct 2016 17:29:00 EDT

HOUSTON, Oct. 25, 2016 /PRNewswire/ -- Key Energy Services, Inc. ("Key") and certain of its domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code on October 24, 2016 in the United States...

Basic Energy Services Initiates Prepackaged Chapter 11 Proceedings Pursuant To Restructuring Support Agreement

Tue, 25 Oct 2016 06:00:00 EDT

(image) FORT WORTH, Texas, Oct. 25, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" 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...

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STONE ENERGY CORPORATION Announces Entry into Comprehensive Restructuring Support Agreement With Senior Noteholders; Agrees to Sell Appalachia Assets to an affiliate of Tug Hill, Inc.

Thu, 20 Oct 2016 21:45:00 EDT

(image) LAFAYETTE, La., Oct. 20, 2016 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced entry into a comprehensive restructuring support agreement and a purchase and sale agreement for its properties in the Appalachia basin. Restructuring Support Agreement As previously...

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Adelphia Recovery Trust Announces Distribution To Beneficiaries And Establishes A Record Date

Mon, 10 Oct 2016 10:48:00 EDT

WILMINGTON, Del., Oct. 10, 2016 /PRNewswire/ -- The Adelphia Recovery Trust (the "Trust") announced today that its Trustees have declared a distribution of $8 million in cash payable on or about October 25, 2016 to holders of interests in the Trust pursuant to the First Modified Fifth...