February 21, 2017
International Shipholding Corp. reached a resolution Tuesday to move forward with its Chapter 11 reorganization plan to restructure more than $200 million in debt after settling with a secured lender whose objection stretched a confirmation hearing out for three days.
February 16, 2017
International Shipholding Corp. was forced by a New York bankruptcy judge on Thursday to engage in a separate hearing with a financier over a $6.25 million administrative priority claim after resolving all but one secured lender's objection to its amended plan to restructure more than $200 million in debt.
February 14, 2017
Reinforcing its proposed path out of Chapter 11, International Shipholding Corp. told a New York bankruptcy court Tuesday that its amended plan to restructure more than $200 million in debt has been approved by a majority of creditors and that the company has resolved most objections.
February 13, 2017
The Internal Revenue Service and an insurer filed objections Friday to International Shipholding Corp.'s Chapter 11 plan to restructure more than $200 million in debt, saying the plan treats their claims unfairly and hasn't been shown to be feasible, echoing the concerns of five other creditors who filed objections on Thursday.
February 10, 2017
A slew of International Shipholding Corp. creditors, including secured lenders Capital One and a BB&T unit, filed objections Thursday to the debtors' Chapter 11 plan to restructure more than $200 million in debt, saying the plan treats their claims unfairly and has not been shown to be feasible.
January 05, 2017
A New York bankruptcy judge gave International Shipholding Corp. the green light Thursday on the disclosure statement for its Chapter 11 plan to restructure more than $200 million in debt after hearing the cargo company struck a deal with unsecured creditors to ensure their support for the strategy.
November 18, 2016
A New York bankruptcy judge gave International Shipholding Corp. the nod Friday for two key elements of its attempt to restructure more than $200 million in debt, approving both the auction plan for one of the cargo company's business lines and a restructuring support agreement.