Jim Christie

UPDATE 2-Wildfire victims in PG&E bankruptcy to present $24 bln reorganization plan

20 Sep 2019

SAN FRANCISCO, Sept 19 The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider.

Wildfire victims' committee pans PG&E's $11 bln deal with insurers

20 Sep 2019

The committee representing wildfire victims in the bankruptcy of PG&E Corp has attacked a recent $11 billion settlement between the power producer and insurance companies, arguing the deal violates bankruptcy rules on the order of payments to creditors.

IN BRIEF: Sienna Biopharma gets court OK to tap cash after Ch. 11 filing

19 Sep 2019

Sienna Biopharmaceuticals Inc won a court order on Wednesday allowing it to begin tapping its roughly $11 million cash collateral on the heels of filing for bankruptcy after burning through much of its funding for developing skin treatments.

Sheridan energy fund aims to slash $900 mln in debt in Ch. 11

17 Sep 2019

Oil and natural gas investment fund Sheridan Holding Co II LLC filed for bankruptcy protection on Sunday with a prepackaged plan overwhelmingly backed by its debtholders to eliminate $900 million of its roughly $1.1 billion in debt.

Sanchez Energy noteholders battle over bankruptcy loan

14 Sep 2019

A group of unsecured noteholders of Sanchez Energy Corp has challenged the energy producer's bid for an order approving a $350 million bankruptcy loan package from secured noteholders, saying they can offer a $175 million loan leaving the company in stronger financial shape to emerge from Chapter 11.

IN BRIEF: USA Gymnastics wants 60 more days to stick landing for filing Ch. 11 plan

13 Sep 2019

USA Gymnastics is seeking an order giving it until early December to file a reorganization plan, saying it does not expect it will have a plan soon that sexual abuse victims and other parties in its bankruptcy can support.

IN BRIEF-Pirro Schwarzman moves to Ropes & Gray restructuring practice

13 Sep 2019

Cristine Pirro Schwarzman has joined the business restructuring practice group at Ropes & Gray as a New York-based partner, the firm announced on Thursday.

Alta Mesa files for Ch. 11, looking for buyer and holding restructuring talks

13 Sep 2019

Energy producer Alta Mesa Resources Inc has filed for bankruptcy protection to try to find a buyer or restructure its nearly $850 million in debt, blaming weak oil prices.

Unsecured creditors say loan for Avenue Stores advances sale too quickly

12 Sep 2019

Unsecured creditors of Avenue Stores LLC on Wednesday rallied against its bid for an order approving its bankruptcy loan, saying in a filing that terms of the loan would effectively liquidate the women's apparel retailer without regard to the interests of other stakeholders.

Weatherford tweaks Ch. 11 plan with $400 mln cut for notes

11 Sep 2019

Weatherford International PLC on Tuesday filed a proposed order for approving a revised reorganization plan that reduces the amount of debt the oilfield services giant will issue to help it emerge from bankruptcy by $400 million.

World News