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Ablest Inc. and its debtor-affiliates sought Chapter 11 bankruptcy protection with a prepackaged plan of reorganization that will reduce $650 million of debt by $300 million.

The U.S. Bankruptcy Court for the Southern District of California extended Vail Lake Rancho California LLC's exclusive periods to file a chapter 11 plan until May 1, 2014; and solicit acceptances for that plan until July 1.

The Hon. Neil W. Bason of the U.S. Bankruptcy Court for the Central District of California authorized HDOS Enterprises to employ Rust Consulting Omni Bankruptcy, a division of Rust Consulting, In., as the claims, noticing and balloting agent for the Clerk of the Bankruptcy Court, nunc pro tunc to Feb. 13, 2014.

The Official Committee of Unsecured Creditors of Buffet Partners, L.P., et al. seeks authorization from the Hon. Harlin D. Hale of the U.S. Bankruptcy Court for the Northern District of Texas to retain Munsch Hardt Kopf & Harr, P.C. as attorneys for the Committee, effective Feb. 11, 2014.

Global Geophysical Services Inc.'s prepetition lender is opposing the Debtors' motion for approval of their debtor in possession financing facility to be provided by certain of their prepetition unsecured bondholders, pointing out that it can provide alternative financing on the same economic terms offered by the bondholder. TPG Specialty Lending Inc. and its affiliates, the prepetition secured lenders, say priming their liens and security interests on a non-consensual basis in favor of the bondholders' DIP facility is neither necessary nor permissible.

The Budd Company, Inc., a former supplier to the automotive industry, filed for chapter 11 bankruptcy protection on March 31, 2014, to seek approval of a settlement of potential claims against its parent, ThyssenKrupp AG, to help it address about $1.2 billion in liabilities, mostly owed to former employees.

MSI Corporation seeks authorization from the Hon. Jeffery Deller of the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Logue Law Firm LLC as special counsel.

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  • U.S. Trustee Adds 4 Members to Committee for Mountain Crane

    Patrick S. Layng, U.S. Trustee for Region 19, appointed on Feb. 13 additional four creditors to serve on the official committee of unsecured creditors in the Chapter 11 case of Mountain Crane Service LLC.

    As reported by the Troubled Company Reporter on Jan. 29, 2018, the U.S. Trustee on Jan. 25 appointed three creditors to serve on the Committee -- Trinity Logistics Inc., Coast 2 Coast Logistics, and Western Heavy Haul, Inc.

    The Committee now consists of:

    Written on Monday, 19 February 2018 01:00 in Latest News Be the first to comment! Read 15 times Read more...