Agreement Removes Primary Obstacle to USEB's Reorganization and Enables USEB to Refinance and Exit Chapter 11
Northwest Airlines Corporation (Pink Sheets:NWACQ) announced today that it and certain of its subsidiaries have filed their joint Chapter 11
plan of reorganization with the United States Bankruptcy Court for the Southern District of New York, which is overseeing its reorganization.
and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11
of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
USEB's legal advisor in the Chapter 11
filing is Hunton & Williams LLP.
While the banks' payments were made on USEB's behalf under their swap agreements, USEB did not make corresponding November payments to the banks in light of its Chapter 11
filing, and therefore the banks' payments to Countryside subsequently were reversed.
filed for protection under Chapter 11
of the United State Bankruptcy Code on September 18, 2006.
Energy Systems and Parent's UK Subsidiary Not Part of Chapter 11
announced today that it received Court approval for the $300 million Debtor-in-Possession (DIP) financing it arranged from Goldman Sachs, GE Capital and Barclays, as part of DURA's Chapter 11
filing, which encompasses the company's U.
com/reports/c45368) has announced the addition of Video Leadership Seminars: Winning Legal Strategies for Chapter 11
Bankruptcy with Daniel Cohn of Cohn, Whitesell, & Goldberg, LLP to their offering.
Nasdaq:DRRA), announced today that a Canadian court, the Ontario Superior Court of Justice, entered a "Foreign Recognition Order," which recognized under Canadian law the Chapter 11
bankruptcy proceedings commenced by DURA and its U.
Nasdaq:DRRA), announced today that it received Court approval of all of the "first day motions" that DURA submitted as part of its filing for reorganization under Chapter 11
of the United States Bankruptcy Code.
and the other Foamex entities that are chapter 11
debtors, collectively, the "Company") have filed their First Amended Plan of Reorganization (the "Amended Plan") and related amended Disclosure Statement (the "Disclosure Statement") with the U.