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Excel Maritime Carriers Ltd., et al.

  1. January 27, 2014

    Excel Maritime Ch. 11 Plan Confirmed By Judge

    A New York bankruptcy judge on Monday approved Excel Maritime Carriers Ltd.'s Chapter 11 reorganization plan, which offers senior lenders a majority stake in the restructured entity and reduces Excel's prepetition debt from $920 million to $300 million.

  2. December 11, 2013

    Excel Maritime Gets Go-Ahead To Solicit Votes On Ch. 11 Plan

    Excel Maritime Carriers Ltd. got a New York bankruptcy judge's approval Tuesday to solicit creditors' votes on its reorganization plan, which now offers senior lenders a majority stake in the restructured entity and reduces Excel's prepetition debt from $920 million to $300 million.

  3. November 27, 2013

    Excel Maritime's Revised Plan Offers Lenders Equity

    Excel Maritime Carriers Ltd. on Wednesday unveiled an amended reorganization plan that offers senior lenders a majority stake in the restructured entity and reduces the company's prepetition debt from $920 million to $300 million.

  4. November 25, 2013

    Excel Maritime, Creditors Agree On Revised Ch. 11 Plan

    Excel Maritime Carriers Ltd. has reached a deal with creditors it had been battling since the start of its bankruptcy that will allow it to move ahead on a consensual reorganization plan, according to court papers filed Friday.

  5. October 15, 2013

    Excel Maritime's Creditors Get OK To Probe Affiliate

    Unsecured creditors of Excel Maritime Carriers Ltd. on Tuesday received a New York bankruptcy judge's go-ahead to subpoena documents from another Greek shipping company controlled by its chairman without the hassle of operating under international discovery law.

  6. September 16, 2013

    Bankrupt Excel Sent To Mediation With Lenders, Creditors

    A bankruptcy judge on Friday ordered Excel Maritime Carriers Ltd. and its unsecured creditors and secured lenders into mediation to see if they can resolve their disputes surrounding the company's prepackaged plan, which has been a major point of contention since the start of the case.

  7. September 10, 2013

    Excel Maritime Says Creditors Can't Touch $20M In Escrow

    Excel Maritime Carriers Ltd. on Monday urged a New York bankruptcy judge to reject its creditors' bid to access $20 million sitting in an escrow account, saying that money belongs to the entity that is slated to take over the shipping company when it exits bankruptcy.

  8. September 06, 2013

    Excel Maritime Creditors Push For Chair's Docs In Fraud Probe

    Creditors of Excel Maritime Carriers Ltd. on Thursday urged a bankruptcy court to force the Greek dry bulk shipper's chairman to hand over documents from other entities he controls as part of an investigation into any potentially fraudulent transfers.

  9. August 21, 2013

    Excel Maritime Win Subpoena Of Creditors' Financial Docs

    A New York bankruptcy judge on Tuesday granted Excel Maritime Carriers Ltd.'s request to subpoena a group of unsecured creditors that contend it is worth more than it claims and should provide them greater recovery.

  10. August 05, 2013

    Creditors Look To Nix Excel Maritime's Control In Ch. 11

    Creditors of Excel Maritime Carriers Ltd. on Friday asked a New York bankruptcy judge to terminate the shipping company’s exclusive 120-day period to file a Chapter 11 plan so that a rival plan can be submitted, once again voicing its dismay over the current proposal.

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