Bankruptcy and Creditors' Rights

Scarinci Hollenbeck’s Bankruptcy and Creditors' Rights practice group regularly provides content on the turmoil surrounding financially troubled and bankrupt companies. Our content provides insight on financial institutions, corporations, insurance companies, leasing and finance companies and other organizations and business entities interested in preserving and enforcing their rights as creditors.

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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Key Energy Services Plans to File for Chapter 11 Bankruptcy Protection

Recently, Key Energy Services, one of the largest onshore rig-based well-servicing contractors in the U.S., announced that it will plan to file for Chapter 11 bankruptcy protection. According to a Fuel Fix report, the company’s creditors have agreed to a reorganization plan where debtholders will take control of the firm as part of a debt-for-equity […]

Author: Joel R. Glucksman

September 30, 2016

Global Geophysical Services LLC files for Chapter 11 Bankruptcy Protection

Recently, Global Geophysical Services LLC, an oil sector data provider, announced that it had filed for Chapter 11 protection. According to The Wall Street Journal, two years following the the company’s emergence from previous bankruptcy, it will close operations. Global Geophysical Services falls into debt In its bankruptcy documents, Global Geophysical Services cited the historic […]

Author: Joel R. Glucksman

September 6, 2016

Last Call Guarantor LLC files for Chapter 11 Bankruptcy Protection

Recently, Last Call Guarantor LLC, parent company of the national Fox & Hound restaurant chain, announced that it had filed for Chapter 11 Bankruptcy protection. According to The Wall Street Journal, the company’s reorganization plan calls for closing a portion of its restaurant locations and engaging in negotiations with creditors to reduce its remaining debt load. […]

Author: Joel R. Glucksman

August 26, 2016

Atlas Resources Files for Chapter 11 Bankruptcy Protection

Oil and gas producer Atlas Resource Partners LP recently announced that it had filed for Chapter 11 bankruptcy protection, according to Bloomberg. Its reorganization plan calls for Atlas Resources to remove $900 million in debt and cut $80 million in interest costs. Atlas Resources spirals into debt Atlas Resources claimed in its recent financial statement that the […]

Author: Joel R. Glucksman

August 24, 2016

The Biggest Bankruptcy Filing in Brazilian History Filed by Oi SA

Oi SA responsible for Brazil’s largest bankruptcy filing Recently, Oi SA, one of the largest telecom companies in Brazil, announced that it had filed for bankruptcy protection. According to Bloomberg, the company’s announcement was reported worldwide because it is the biggest bankruptcy filing in the country’s history. The report found the company’s top fixed line phone […]

Author: Joel R. Glucksman

August 18, 2016

Scarinci Hollenbeck

C&J Energy Services Ltd. Files for Chapter 11 Bankruptcy Protection

C&J Energy files Chapter 11 C&J Energy Services Ltd., one of the largest oil field service companies, has announced that it recently filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the firm has negotiated a $1.4 billion deal with its senior bondholders, to resolve some of the issues connected to its […]

Author: Joel R. Glucksman

August 16, 2016

China Fishery Group Ltd. files for Chapter 11 Bankruptcy Protection

China Fishery Group files for Chapter 11 China Fishery Group Ltd., one of the largest fishing companies in Asia and among the world leaders in fishmeal and fish oil production, recently announced that it had filed for Chapter 11 bankruptcy protection in the U.S. According to The Wall Street Journal, the company, its 15 affiliates […]

Author: Joel R. Glucksman

July 26, 2016

Halcon Resources Files for Chapter 11 Bankruptcy Protection

Halcon Resources Files Chapter 11 Recently, Halcon Resources, one of the largest energy exploration and production companies in the U.S., announced that it will file for Chapter 11 bankruptcy protection. According to Oil and Gas 360, the company has negotiated a prepackaged agreement with its primary noteholders to eliminate $1.8 billion from its debt total. Halcon […]

Author: Joel R. Glucksman

July 19, 2016

Vertellus Specialties Inc. files for Chapter 11 Bankruptcy

Vertellus Specialties Inc. files Chapter 11 Vertellus Specialties Inc., a major U.S. chemical manufacturer, recently announced that it had filed for Chapter 11 bankruptcy protection for its domestic operations. According to The Wall Street Journal, the company reached an agreement with its term lenders to seek an auction sale for the majority of its remaining […]

Author: Joel R. Glucksman

July 13, 2016

Dex Media Inc. files for Chapter 11 Bankruptcy Protection

Recently, phonebook publisher Dex Media Inc. announced that it had filed for Chapter 11 bankruptcy protection, according to The Wall Street Journal. The company has negotiated an agreement to restructure its finances with creditors. Dex Media’s struggles forces it into insolvency Following the recession in 2008, along with the continued migration of the industry to […]

Author: Joel R. Glucksman

July 7, 2016

Chaparral Energy Inc. files for Chapter 11 Bankruptcy Protection

Chaparral Energy files Chapter 11 Chaparral Energy Inc., one of the largest oil and gas companies and third-biggest enhanced oil recovery operator in the U.S., has announced that it filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, Chaparral Energy, like many of its peers became the latest victim of the collapse […]

Author: Joel R. Glucksman

July 6, 2016

Ultra Petroleum files for Chapter 11 Bankruptcy Protection

Ultra Petroleum files Chapter 11 Recently, Ultra Petroleum, the largest natural gas company in Wyoming and one of the biggest firms in the nation, announced that it had filed for Chapter 11 bankruptcy protection. According The Wall Street Journal, the company cited several months of financial decline for its decision. Ultra Petroleum falls into insolvency In […]

Author: Joel R. Glucksman

June 24, 2016

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