Global Aviation Holdings Inc., et al., ask the U.S. Bankruptcy Court for the District of Delaware to issue an order converting their Chapter 11 cases to one under Chapter 7 of the Bankruptcy Code, saying they have substantially finished the collection of receivables and the sale or other dispositions of their remaining assets. The Debtors add that conversion of their bankruptcy cases to Chapter 7 is in their best interest given their ability to use cash collateral will expire this month.
FCC Holdings, Inc., et al., seek authority from the U.S. Bankruptcy Court for the District of Delaware to approve the amended and restated asset purchase agreement, dated Aug. 21, 2014, between the Debtors and IEC Corporation, under which IEC will purchase the Debtors' campuses.
The Board of Directors of GeoMet Inc. has appointed Mr. Michael Y. McGovern as president and chief executive officer of GeoMet, effective in each case as of Sept. 1, 2014, according to a Form 8-K filed with the U.S. Securities and Exchange Commission.
Bay Area Financial Corporation seeks authorization from the U.S. Bankruptcy Court for the Central District of California to employ Gary Cuoco of Re/Max Gold Beach Office as agent in listing for sale the Debtor's property located at 4145 Ocean, Oxnard, California.
Canadian company Mercator Minerals Ltd. sent its copper mine in Kingman, Arizona to bankruptcy with plans to sell the mine after a deal to merge with Intergeo MMC Ltd. fell apart.
MS "Fritz" Schiffahrtsges MBH & Co. Reederei KG, which is subject to insolvency proceedings in its hometown in Germany, commenced Chapter 15 proceedings in Ohio to retake control of its sole asset, the bulk carrier M/V Fritz, which is currently located in Toledo, Ohio.
Bluejay Properties, LLC, filed a motion with the U.S. Bankruptcy Court for the District of Kansas seeking an order dismissing its Chapter 11 case.