November 28, 2023
A Texas bankruptcy judge on Tuesday approved energy services company Orbital Infrastructure Group's bid to liquidate its business in Chapter 11 after unsecured creditors overwhelmingly voted to accept the plan.
October 19, 2023
A Texas bankruptcy judge Thursday gave energy services company Orbital Infrastructure Group the go-ahead to send its liquidating plan out for a creditor vote after hearing the plan had the support of the unsecured creditors committee.
October 05, 2023
Energy services company Orbital Infrastructure Group received approval from a Texas bankruptcy judge Thursday to sell two of its business units for $211 million in credit bids to its stalking horse bidders, advancing a Chapter 11 liquidation process that the judge praised for protecting "every last modicum of value out there."
September 20, 2023
A Texas bankruptcy judge Wednesday gave Orbital Infrastructure Group final permission to take out $15 million in Chapter 11 financing and set the bidding deadline for the energy services company's two remaining subsidiaries for Oct. 3.
August 25, 2023
A Texas bankruptcy judge on Friday approved Orbital Infrastructure Group Inc.'s request to tap $5 million of a $15 million debtor-in-possession financing package and also set a date to consider stalking-horse bids during a first-day hearing in the Houston-based energy services company's Chapter 11 case.
August 24, 2023
The Orbital Infrastructure Group, a Houston-based energy company with gas and solar affiliates, filed for Chapter 11 protection in Texas with between $100 million and $500 million in debt, saying it needs to address debt defaults and is facing still more debts coming due.