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:

  1. August 15, 2016

    Maxus Reaches Deal With Objectors Over $63M DIP Loan

    Bankrupt oil and gas exploration firm Maxus Energy Corp. reached a deal Monday with parties objecting to its proposed $63 million debtor-in-possession financing package that will allow the company to draw $20 million on the facility to fund its case on an interim basis.

  2. August 11, 2016

    Maxus Makes DIP Changes To Appease Creditors

    Bankrupt oil and gas exploration company Maxus Energy Corp. filed changes to its $63 million debtor-in-possession financing package Thursday, a week after its creditors blasted the lending proposal as a way for Maxus' parent company to avoid paying penalties for alleged environmental infractions.

  3. August 04, 2016

    Maxus Energy's Creditors Blast DIP Loan As Scheme By Parent

    Creditors of Maxus Energy Corp., which filed for Chapter 11 just days ahead of a New Jersey trial over the cleanup bill for toxins dumped in the Passaic River, attacked the company's $63 million post-petition loan Thursday, arguing it's a first step toward Maxus' parent avoiding significant environmental liabilities.

  4. July 13, 2016

    MoFo Gets Nod To Rep Maxus Energy In Ch. 11 For Now

    A Delaware bankruptcy judge gave Morrison & Foerster LLP the nod Wednesday to represent debtor Maxus Energy Corp. after adversaries in the case temporarily relaxed their opposition, but they warned they could revoke their consent if questions over who precisely the firm is representing are not addressed.

  5. July 11, 2016

    Occidental Takes Aim At MoFo Retention In Maxus Ch. 11

    Occidental Chemical Corp., Maxus Energy Corp.'s adversary in a planned New Jersey trial over the cleanup bill for toxins dumped decades ago into the Passaic River, took issue late Friday with the debtor's retention of Morrison & Foerster LLP as primary bankruptcy counsel, citing potential conflicts.