Tag: Chapter 11
Westinghouse Nuclear files for chapter 11, announces restructuring
Westinghouse Nuclear files for chapter 11 protection and secures $800 million in DIP financing to fund operations Westinghouse Electric Company, LLC – commonly known as Westinghouse Nuclear – filed voluntary petitions under Chapter 11 of the US Bankruptcy Code Wednesday, according to a company press release. The company is seeking to undertake a strategic restructuring […]
Judge bars Ultra Petroleum investors from collecting on $300 million clerical error
Ultra Petroleum filed for Chapter 11 protection last April By Jim Christie Feb 22 (Reuters) – A judge has crushed the hopes of a group of investors in Ultra Petroleum Inc, a bankrupt natural gas company, who had sought to collect a $300 million windfall because a clerk entered a court order on the wrong […]
SandRidge overcomes shareholder fight to exit bankruptcy
SandRidge shareholders accused company of misrepresenting value By Tracy Rucinski CHICAGO, Sept 9 (Reuters) – SandRidge Energy Inc won court approval for a plan to exit bankruptcy on Friday, overcoming opposition from shareholders who had accused the oil and gas producer of misrepresenting its value. U.S. Bankruptcy Judge David Jones said he read every letter […]
Magnum Hunter Resources emerges from Chapter 11 bankruptcy
Magnum Hunter says it also resolved business disputes with Eureka Midstream Holdings, LLC IRVING, Texas – Magnum Hunter Resources Corporation and certain of its wholly-owned subsidiaries announced that its Chapter 11 plan of reorganization, which was confirmed by the United States Bankruptcy Court for the District of Delaware on April 18, is now effective. Magnum Hunter […]
Swift Energy Company emerges from bankruptcy
Swift Energy sells assets in Central Louisiana to TEXEGY LLC. HOUSTON, Texas – Swift Energy Company says it has completed its financial restructuring and has emerged from Chapter 11. The company said in a press release that it has concluded its reorganization after completing all required actions and satisfying the remaining conditions to its Plan of Reorganization, which […]
Energy XXI files Chapter 11 after spending $5 billion on acquisitions during oil boom
Company says it expects to pay suppliers in full under normal terms for goods and services provided on or after the Chapter 11 filing date HOUSTON- Energy XXI Ltd announced Thursday that it and certain of its subsidiaries have entered into a restructuring support Agreement (the “RSA”) with holders of more than 63 per cent of the company’s […]
Connect
Connect with us on the following social media platforms.