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GSE Environmental, Inc. and its debtor-affiliates won interim approval from U.S. Bankruptcy Judge Mary F. Walrath to access $35 million of the $45 million DIP financing package being provided by funds affiliated with Littlejohn & Co., LLC, Tennenbaum Capital, Partners, LLC, and Strategic Value Partners, LLC.

A three-judge panel of the United States Court of Appeals, Fifth Circuit, affirmed the awards of fee enhancements to Baker Botts and Jordan, Hyden, Womble, Culbreth & Holzer, P.C., which served as debtor's counsel to ASARCO LLC during its Chapter 11 bankruptcy and helped ASARCO confirm a reorganization plan that paid all of its creditors in full. The Fifth Circuit, however, reversed the awards of fees for litigating the firms' fee applications.

GSE Environmental, Inc., is slated to seek approval of its Chapter 11 plan disclosures in June and is targeting a bankruptcy-exit by the end of July.

Judge Mary F. Walrath will convene a hearing on June 11, 2014, at 11:30 a.m., (ET), on the disclosure statement explaining GSE Environmental, Inc. and its affiliates' Joint Plan of Reorganization.

Freedom Industries Inc. sought and obtained approval from the U.S. Bankruptcy Court to employ Civil & Environmental Consultant Inc. as special environmental consultant.

Color Star Growers of Colorado, Inc. and its debtor-affiliates sought and obtained authorization from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Simon, Ray & Winikka LLP as special conflicts counsel, effective March 12, 2014.

Bankruptcy Judge Pamela S. Hollis authorized Wheatland Marketplace, LLC, to sell parcels of real estate located at:

The U.S. Bankruptcy Court authorized the retention of Peter J. Solomon Company as financial advisor to the Official Committee of Equity Security Holders in the Chapter 11 case of Overseas Shipholding Group, et al.

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  • New MACH Gen Case Summary & 20 Largest Unsecured Creditors

    Lead Debtor: New MACH Gen, LLC

                          1780 Hughes Landing, Suite 800

                          The Woodlands, TX 77380 


    Type of Business: New MACH Gen owns and manages a portfolio of 

                                 three natural gas-fired electric generating 

                                 facilities located in the United States: (1) a 

                                1,080 MW facility located in Athens, New York, 

                                that achieved commercial operation on May 5, 

                                2004; (2) a 1,092 MW facility located in 

                                Maricopa County, Arizona, that achieved 

                                commercial operation on Sept. 11, 2004; and (3) 

                                a 360 MW facility, located in Charlton, 

                               Massachusetts, that achieved commercial 

                               operation on April 12, 2001.  The facilities 

                               dispatch electricity into three power markets, 

                               two of which are served by independent system 

                               operators and similar transmission interfaces 

                               across a geographically diverse area.  

                              Specifically, the Athens facility dispatches 

                              power into the region managed by the New York  

                              ISO, the Harquahala facility into the region 

                              served by the Western Electricity Coordinating 

                              Council, and the Millennium facility into the 

                              region managed by ISO New England.


    Chapter 11 Petition Date: June 11, 2018


    Affiliated companies that filed voluntary petitions seeking relief

    under Chapter 11 of the Bankruptcy Code:


        Debtor                                                                  Case No.

        ------                                                                      --------

        New MACH Gen, LLC (Lead Debtor)                  18-11368

        MACH Gen GP, LLC                                            18-11369

        Millennium Power Partners, L.P.                          18-11370

        New Athens Generating Company, LLC              18-11371

        New Harquahala Generating Company, LLC       18-11372


    Court: United States Bankruptcy Court

           District of Delaware (Delaware)


    Judge: Hon. Mary F. Walrath

    Written on Wednesday, 13 June 2018 07:04 in Latest News Be the first to comment! Read 164 times Read more...