Energy Partners To Start Push For Ch. 11 Plan Votes

Law360, New York (June 17, 2009, 12:00 AM EDT) -- The judge overseeing Energy Partners Ltd.'s Chapter 11 proceedings has approved the oil and gas exploration and production company's disclosure statement, giving Energy Partners a green light to start soliciting votes on its prenegotiated restructuring plan.

Judge Jeff Bohm of the U.S. Bankruptcy Court for the Southern District of Texas signed off Tuesday on the disclosure statement and set a July 29 hearing to consider confirming Energy Partners' reorganization plan.

The disclosure statement contains sufficient information to enable a hypothetical investor to make an informed judgment...
To view the full article, register now.