Tag Archives: Bankruptcy
Tidewater, the largest publicly-traded operator of offshore vessels and marine support services for the offshore oil & gas industry filed for Chapter 11 bankruptcy proceedings on May 17, one week after announcing that it had reached agreement with creditors on … Continue reading
Other Thoughts on the Plan. In a bankruptcy, a debtor-in-possession serves as a fiduciary for the creditors and interests. The court oversees the case to ensure that the debtor fulfills its obligations. Yet, both the debtor and the court cannot … Continue reading
Under Peabody’s bankruptcy plan a simplified summary of the classes, amount and treatment of claims and interests is given in the table below:
On January 27, 2017, the bankruptcy court approved Peabody’s bankruptcy plan and disclosure statement. By now, these documents have been distributed to creditors who are eligible to vote on the plan. The voting deadline is March 3. Objections to the … Continue reading
Alpha Natural Resources (ANRZQ) is the nation’s third largest coal producer and the leading producer of metallurgical coal, with a large reserve base in Appalachia. It also has a meaningful presence in the Powder River Basin in Wyoming.