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Latest Chapter 11, Title 11, United States Code Stories

2014-08-06 08:22:01

-- Company Executes Restructuring Support Agreement and Files Prepackaged Plan of Reorganization for Parent with Overwhelming Lender Support -- NEW YORK, Aug. 6, 2014 /PRNewswire/ -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) ("Eagle Bulk" or "the Company") today announced that it has entered into a Restructuring Support Agreement ("RSA") with lenders (the "Lenders") holding more than 85% of the loans outstanding under its Fourth Amended and Restated Credit Agreement, dated June 20, 2012 (the...

2014-07-28 12:22:35

COSTA MESA, Calif., July 28, 2014 /PRNewswire/ -- FA Liquidating Corp. (F/K/A Fisker Automotive. Inc.) and FAH Liquidating Corp. (F/K/A Fisker Automotive Holdings, Inc.) (collectively, the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has confirmed its chapter 11 plan. The Company received court approval of its sale to Wanxiang Group Corp. in February for $149.2 million. In April, the Company announced it had signed a global...

2014-07-24 08:29:01

WASHINGTON, July 24, 2014 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that FTI Consulting was recently awarded eight Turnaround Atlas Awards by the Global M&A Network for excellence and outstanding achievements in the global restructuring, special situation merger and acquisition ("M&A") and turnaround markets. FTI Consulting was recognized in the...

2014-07-15 08:22:41

NEW YORK, July 15, 2014 /PRNewswire/ -- Windsor Petroleum Transport Corporation (the "Company") and several of its subsidiaries and related entities today filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in Wilmington, Delaware. In connection with the filing the Company has entered into a restructuring support agreement with bondholders who hold over 70% of the Company's 7.84% secured notes (the "Notes") in a principal amount...

2014-07-03 08:20:36

Plan to Reduce Company's Debt by Approximately $1.2 Billion NEW YORK, July 3, 2014 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") confirmed its Prepackaged Plan of Reorganization (the "Plan"). Upon completion of the restructuring process, the Plan will reduce the Company's total debt by approximately $1.2 billion and enhance its financial...

2014-06-21 00:20:56

- Certain Locations to be Transitioned to Practice Physicians LAS VEGAS, June 20, 2014 /PRNewswire/ -- MacKeyser Holdings, LLC, announced today that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in order to facilitate the wind down and ultimate liquidation of the Company. The filing will allow the Company to wind down its businesses in an orderly and expeditious fashion for the benefit of its stakeholders....

2014-06-12 16:22:29

Company Continues to Move Forward with "Pre-Arranged" Chapter 11 Reorganization That will Materially Deleverage Its Balance Sheet and Position the Company for Long-Term Growth and Profitability. HOUSTON, June 12, 2014 /PRNewswire/ -- GSE Environmental, Inc., ("GSE" or the "Company") (OTCQB: GSEH) announced today that the US Bankruptcy Court for the District of Delaware has approved its Disclosure Statement filed in connection with the Company's proposed Joint Plan of Reorganization...

2014-05-23 16:21:45

WATERFORD, N.Y., May 23, 2014 /PRNewswire/ -- Momentive Performance Materials Inc. ("MPM" or "the Company"), a global leader in the development and manufacture of silicones and products derived from quartz and specialty ceramics, today announced that the U.S. Bankruptcy Court for the Southern District of New York has granted MPM final authorization to access the full amount its $570 million in committed debtor-in-possession ("DIP") financing. The Company had previously received...

2014-05-11 20:21:46

EAGAN, Minn., May 11, 2014 /PRNewswire/ -- The following release was issued today by Universal Cooperatives, Inc.: Universal Cooperatives, Inc. and its domestic subsidiaries have filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware for the purpose of maximizing value through the sale of ongoing businesses operated by Bridon Cordage, LLC and Heritage Trading Company, LLC, as well as sales of the assets of their other businesses....

2014-05-05 08:32:02

Company to Move Forward with "Pre-Arranged" Chapter 11 Reorganization HOUSTON, May 5, 2014 /PRNewswire/ -- GSE Environmental, Inc., ("GSE" or the "Company") (OTCQB: GSEH), a leading manufacturer and marketer of geosynthetic lining solutions, announced today an agreement with its lenders to restructure its balance sheet by converting all of its outstanding first lien debt to equity, leaving the Company well-positioned for long?term growth and profitability. In order to implement...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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