Breitburn Earns Court Approval Of Amended Ch. 11 Plan
Law360, New York (March 23, 2018, 8:10 PM EDT) -- Breitburn Energy Partners LP on Friday overcame a final hurdle in its lengthy quest to reorganize in bankruptcy, receiving court approval of a modified Chapter 11 plan after bumping up the levels of recovery for retail bondholders and other unsecured creditors.
Just two weeks after rejecting Breitburn’s proposed debt restructuring scheme, U.S. Bankruptcy Judge Stuart M. Bernstein in New York said the company had resolved specific issues regarding disparate treatment between accredited and unaccredited bondholders who should share the same place in line in terms of creditor priority.
The oil and gas producer acted quickly to amend its restructuring plan after...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!