Stallion Ch. 11 Disclosure Statement Approved

By Jessica Dye

Law360, New York (November 20, 2009, 2:03 PM ET) -- Stallion Oilfield Services Ltd. has secured a bankruptcy court order approving the disclosure statement for its Chapter 11 reorganization plan, setting the wellsite support company’s restructuring plan up for a creditor vote by the year’s end.

U.S. Bankruptcy Judge Brendan L. Shannon of the District of Delaware on Thursday signed off on Stallion’s disclosure statement, which accompanies a prepackaged plan designed in cooperation with Stallion’s primary debt holders prior to its Chapter 11 filing.

According to the court order, Stallion will have until Nov. 25 to...
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