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Breitburn Urges NY Judge To Approve New Ch. 11 Plan

Law360, New York (October 12, 2017, 4:52 PM EDT) -- Breitburn Energy Partners LP unveiled its long-awaited Chapter 11 plan before a New York bankruptcy court on Thursday, pacifying some creditors who’d been on the verge of mutiny over the summer and angering others who say the plan shortchanges them for the sake of expediency.

The plan was filed Wednesday evening and Ray C Schrock of Weil Gotshal & Manges LLP, which represents the debtor, explained the broad strokes to U.S. Bankruptcy Judge Stuart M. Bernstein in court on Thursday.

The plan would split the oil...
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