Endeavour Can Poll Lenders On Plan To Trim $500M In Debt

Law360, Wilmington (December 22, 2014, 5:23 PM EST) -- A Delaware bankruptcy judge gave Endeavour International Corp.'s Chapter 11 plan disclosure statement the go-ahead Monday, allowing the oil and gas exploration company to solicit its creditors on a strategy to lighten its debt load by more than a half-billion dollars.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey remarked on the length of the document, roughly 115 pages, saying that its heft was something he didn't typically like to see. But he gave the substantial document the thumbs-up after hearing that Endeavour had smoothed out concerns from the official committee of unsecured creditors and others.

"It is approved...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!