Bankruptcy tease Archives - Page 14 of 21

Bankruptcy Update: A Fast Food Franchisee, A Sand Company & A Big Exit

The country’s largest franchisee of two major fast food chains, a fairly new company that is the product of the No. 1 and No. 3 largest sand suppliers in the U.S. and an exit by a behemoth oilfield services company are the latest happenings on U.S. Bankruptcy Judge David Jones’ docket in the Southern District of Texas. Plus, an upcoming Ch. 11 to watch out for.

July 2, 2020 Natalie Posgate

Lilis Energy Seeks to Restructure

Another Texas exploration and production company has sought protection under Chapter 11 of the U.S. Bankruptcy Code. Fort Worth-based Lilis Energy filed Tuesday in the U.S. District Court in the Southern District of Texas, citing $251 million of debt.

July 1, 2020 Mark Curriden

Chesapeake Energy Officially Files Ch. 11 in Houston

Citing the need to eliminate $7 billion in debt, Oklahoma City-based Chesapeake Energy officially filed for Chapter 11 restructuring protection Sunday in the Southern District of Texas. Seven prominent corporate law firms, including Kirkland, Jackson Walker, Sidley, V&E and Akin Gump, are working on the bankruptcy.

June 28, 2020 Mark Curriden

Another Balance Sheet Bites the Dust in the Permian — Updated

Houston-based Sable Permian Resources is the latest energy company to fall victim to the COVID-19 crisis and the Saudi-Russia oil price war and file for bankruptcy protection as a result. But court documents reveal that the oil producer has been struggling with his balance sheet since 2016.

June 26, 2020 Natalie Posgate

Children’s Pizza Parties & Films: The Latest Players on the Bankruptcy Docket

A Texas-based arcade also known for its pizza and a French multinational corporation that was a foundational backbone to Hollywood’s Golden Age are the latest companies to file for bankruptcy protection in Houston. Natalie Posgate explains the circumstances and reveals the lawyers.

June 25, 2020 Natalie Posgate

Bankruptcy Report: Expect More of Them

Lower for longer remains the watchword for producers and their creditors, according to Haynes and Boone’s periodic energy bankruptcy reports. Here’s what’s happened so far this year.

June 5, 2020 Allen Pusey

Porter Hedges, V&E Lead Latest Energy Industry Bankruptcies

A Tulsa, Oklahoma-based shale driller and a Houston-based provider of drilling fluids are the latest companies in the energy industry to file for bankruptcy protection in South Texas federal courts.

May 26, 2020 Natalie Posgate

Three Energy Companies, Seven Firms: The Latest on SDTX’s Bankruptcy Docket

The Southern District of Texas has been a hub for corporate bankruptcies for some time, but even more so now as energy companies continue to be crippled by the one-two punch of the coronavirus outbreak and oil price war. Natalie Posgate explains the circumstances behind three new energy bankruptcies in Houston and identifies their lawyers.

May 20, 2020 Natalie Posgate

Covid-19: A Bankruptcy Pandemic

The country is about to witness an unprecedented number of corporate bankruptcy filings. Companies that were otherwise healthy 90 days ago or at least had a fighting chance of avoiding a trip through the bowels of bankruptcy are now faced with the grim reality of a Chapter 11 filing. Gary Kennedy, who guided American Airlines through one of the most successful corporate bankruptcies in history, provides guidance for companies facing restructuring.

May 19, 2020 Gary Kennedy

‘There is a Tsunami Coming’

More Texas businesses are filing for bankruptcy this year than during the Great Recession or anytime in the past two decades, and legal experts say the wave of insolvencies and restructurings is still far from breaking or hitting their peak. Houston has emerged as the preferred venue for large, complex restructurings for companies such as J.C. Penney and Neiman Marcus, though Dallas has a new bankruptcy judge on deck. The Texas Lawbook examines the trends and provides analysis from the top bankruptcy experts.

May 18, 2020 Mark Curriden