Maxus Energy Corporation

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Case overview

Case Number:

1:16-bk-11501

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 07, 2017
Maxus, Creditors Bash Objection To Property Sale

Maxus Energy Corp. and its unsecured creditors voiced their support Friday in Delaware bankruptcy court for a proposed post-confirmation sale of property over the objection of a developer that holds a ground lease for the tract of land in Ohio, saying the debtor has the right to sell the land and end the lease.
June 30, 2017
Leaseholder Opposes Maxus Post-Confirmation Property Sale

A leaseholder of an Ohio property owned by reorganized debtor Maxus Energy Corp. objected Friday in Delaware to the proposed sale of that land, saying its long-term ground lease can't be canceled in a post-confirmation sale transaction under the federal Bankruptcy Code.
May 18, 2017
Maxus Ch. 11 Plan Releases Excessive, US Trustee Says

The U.S. trustee on Wednesday filed an objection to Maxus Energy Corp.'s Chapter 11 liquidation plan, saying it would give too much legal immunity to the liquidating trustee.
May 10, 2017
Maxus Secures Del. Ch. 11 OK For Sale Of Gulf Assets

Maxus Energy secured tentative approval for the $15.3 million sale of a large oil and gas well asset Wednesday, as a larger and potentially contested confirmation hearing approaches for the company's liquidating Chapter 11 plan.
April 20, 2017
Maxus Seeks OK On $15M Sale Of Gulf Oil Field Interests

Bankrupt oil and gas exploration firm Maxus Energy Corp. asked a Delaware court late Wednesday to approve a sale of its partial interest in a Gulf of Mexico offshore oil field as part of its effort to liquidate its assets through Chapter 11 transactions.
April 18, 2017
Maxus Ch. 11 DIP, Disclosure Cleared Over YPF Objections

Over objections from a jilted bankruptcy lender, Maxus Energy Corp. secured a Delaware federal judge's approval Tuesday for its Chapter 11 disclosure and replacement debtor-in-possession borrowing deal, setting the stage for voting and a late May confirmation hearing on the multibillion-dollar plan.
April 12, 2017
NJ Agency Says Maxus Ch. 11 Plan Lacks Cleanup Costs

A New Jersey state agency and creditor of Maxus Energy Corp. is objecting to the company's Chapter 11 reorganization plan, telling a Delaware bankruptcy judge Wednesday that it's unclear how Maxus will transfer its cleanup responsibilities for toxins dumped into New Jersey's Passaic River decades ago.
April 06, 2017
Maxus Retains Del. Ch. 11 Control In Blow To YPF Strategy

Saying the alternative would lead to chaos, a Delaware bankruptcy judge rejected Argentine energy company YPF SA's bid to end Maxus Energy Corp.'s exclusive Chapter 11 plan control, keeping a version by a longtime YPF adversary front and center Thursday.
March 31, 2017
Stung By Ch. 11 Plan Swap, YPF Seeks End To Maxus Control

Citing what it called Maxus Energy Corp.'s "stunning" abandonment of its original draft Chapter 11 plan, Argentine energy company YPF SA asked a Delaware bankruptcy judge late Thursday to reject continued Maxus control of the case.
March 30, 2017
Maxus Ch. 11 Moves Will Spark 'Endless Litigation,' YPF Says

Argentina-based energy company YPF SA warned Thursday that a proposed rework of its subsidiary Maxus Energy Corp.'s Delaware Chapter 11 plan and debtor-in-possession loan "will yield nothing but endless litigation" without providing more money for Maxus' pollution cleanup obligations.