Restructuring

Silver Buyer Facing Sanctions Is One of Many Layers to Mint’s Bankruptcy

05/18/16

The silver that Jeffrey Mark McMeel bought from Northwest Territorial Mint never arrived to his home in Washington, but the unorthodox method he chose to protect his investment has him facing sanctions in a Seattle courtroom on Friday.

Since Northwest Territorial Mint filed for bankruptcy on April 1, Mr. McMeel filed a set of disconnected documents not based on traditional law but on his own, improvised legal theories.

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Coming and Going Concerns

05/16/16

Jorge Neri Bonilla has become partner at legal and business counseling firm JNF & Asociados in Los Angeles, where he will work on strategic business consulting and negotiation. Mr. Bonilla, an entrepreneur who speaks English and Spanish, has experience in bankruptcy, restructuring, banking transactions and mergers and acquisitions. He also has experience in energy and petroleum deals.

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Venoco Restructuring Highlights Unusual Oil Well

05/16/16

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As oil and gas explorer Venoco seeks to move forward with its debt restructuring, it must confront the fate of an unusual oil well: one on the grounds of Beverly Hills High School.

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Next Week in Bankruptcy

05/13/16

On Monday, Pacific Sunwear of California Inc. will look to move a step closer to exiting bankruptcy protection when it asks a judge for approval to send out its reorganization plan to creditors for a vote. The retailer filed its so-called disclosure statement, or plain-language outline of its bankruptcy plan, when it sought chapter 11 protection in April. Unsecured creditors and certain term-loan lenders will be allowed to vote on the plan. Pacific Sunwear has roughly $60 million in unsecured debt, including claims for unpaid rent and leases, court papers show.

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Coming and Going Concerns

05/09/16

David Ampaw and Chris Parker have been promoted to partner in the restructuring group in DLA Piper’s London office. Mr. Ampaw has advised clients in restructurings, workouts and insolvencies in the U.K. and abroad, and he has experience in the oil and gas industry. Mr. Parker has experience with fraud, investigations and litigation in complex restructurings.

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Next Week in Bankruptcy

05/06/16

Colorado gold miner Midway Gold Corp. could get the court approval it needs to sell most of its properties out of bankruptcy to GRP Minerals LLC at a hearing scheduled for Monday.

Judge Michael E. Romero is expected to review GRP Minerals’ purchase offer—the only one of its value to come in before the company’s bankruptcy auction—for its Pan mine in Nevada and several other properties.

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Coming and Going Concerns

05/02/16

Jason J. DeJonker has joined law firm Bryan Cave in Chicago as a partner with the bankruptcy, restructuring and creditors’ rights group, where he will work on litigation related to corporate bankruptcy, creditors’ rights and mergers and acquisitions. Mr. DeJonker has worked on chapter 11 cases, prebankruptcy workouts and debtor-in-possession, or DIP, financing. He also has worked with clients in the real estate and finance industries.

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Next Week in Bankruptcy

04/29/16

Coal giant Peabody Energy Corp. will make its second bankruptcy-court appearance next week, requesting full and final access to $800 million in bankruptcy financing.

The company will appear before Judge Barry S. Schermer of the U.S. Bankruptcy Court in St. Louis on Thursday to request the permission. Judge Schermer granted preliminary access to the financing package arranged by Citigroup two weeks ago.

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Caesars Fee Monitor Reviewing Rate Increases

04/29/16

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Annual rate increases at some of the country’s biggest law firms are going under the microscope in one chapter 11 case.

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Roscoe’s to Propose Bankruptcy-Exit Plan by Oct. 1

04/28/16

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The company behind Los Angeles’s iconic Roscoe’s House of Chicken and Waffles restaurants has promised to come up with a plan by Oct. 1 that explains its path out of bankruptcy.

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