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Gulfco Holding Corp.

  1. December 09, 2014

    Gulfco Loses Bid To Overturn Ch. 11 Dismissal

    A Delaware federal judge on Tuesday rejected an appellate bid by Gulfco Holding Corp. aimed at reviving its bankruptcy case, finding no grounds to overturn a decision that sided with major creditor Prospect Capital Corp. and ended the oil drilling equipment holding company's stay in Chapter 11.

  2. September 04, 2014

    Mediation Breaks Down In Gulfco's Appeal Of Tossed Ch. 11

    A Delaware federal judge withdrew the parties from the mandatory mediation phase of bankruptcy appeals Thursday after talks broke down in oil drilling equipment holding company Gulfco Holding Corp.'s appeal of the bankruptcy court decision to dismiss it's Chapter 11 case, which was challenged by major creditor Prospect Capital.

  3. April 02, 2014

    Judge Tosses Gulfco Ch. 11, Says It's A 2-Party Dispute

    A Delaware bankruptcy judge threw out oil drilling equipment holding company Gulfco Holding Corp.'s Chapter 11 case Wednesday, siding with part of major creditor Prospect Capital's argument that the filing really was just a two-party dispute brought to the wrong forum.

  4. March 20, 2014

    PE Firm Urges Judge To Throw Out Gulfco's Ch. 11

    Prospect Capital Corp., a major creditor in oil drilling equipment holding company Gulfco Holding Corp.'s Chapter 11, urged a Delaware bankruptcy judge Thursday to throw out the entire case, arguing the debtor is simply using the Bankruptcy Code to take advantage of the court's protection.

  5. February 20, 2014

    Bankrupt Gulfco Blasts PE Firm's Bid To Toss Ch. 11 Case

    Gulfco Holding Corp. urged a Delaware bankruptcy judge Wednesday to reject a bid by private equity firm Prospect Capital Corp. to toss its Chapter 11 case, claiming the firm presents no valid grounds for dismissal as it tries to shift the focus from its own actions.

  6. February 13, 2014

    PE Firm Balks At Probe Request In Gulfco Ch. 11

    Prospect Capital Corp., a major creditor in oil drilling equipment holding company Gulfco Holding Corp.'s bankruptcy, decried Wednesday the debtor's request for an investigation of the lender, arguing the probe is just a fishing expedition for information to support "baseless allegations."

  7. February 06, 2014

    Prospect Capital Pushes To Have Gulfco's Ch. 11 Tossed

    Prospect Capital Corp., which is a major creditor in oil drilling equipment holding company Gulfco Holding Corp.'s bankruptcy, pushed late Wednesday for the Chapter 11 case to be thrown out, five days after the debtor accused it of plotting "to steal" a nondebtor operating affiliate.

  8. February 03, 2014

    Bankrupt Gulfco Claims Creditor Had 'Scheme To Steal' Unit

    Bankrupt oil drilling equipment holding company Gulfco Holding Corp. lodged an adversary action in its case late Friday claiming its Chapter 11 filing stems from secured creditor Prospect Capital Corp.'s "scheme to steal" its nondebtor operating affiliate Gulf Coast Machine & Supply Co.

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