Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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April 19, 2014

Triglyph Holdings, LLC Files Chapter 11


 

  • Debtor Name:  Triglyph Holdings, LLC
  • Year Filed:  2014
  • Jurisdiction:  United States Bankruptcy Court / Southern District of Ohio
  • Asset Size:  Less than 10,000,000
  • Case Number:  14-52732
  • Industry:  Real Estate

The Thornville, OH-based real estate company lists approximately $11.9 million in liabilities.   The largest creditor is Huntington National Bank with an approximate $8.9 million claim.

Sign up for our real estate Chapter 11 monitor now!   Contact Ken at ktroubh@nationwideresearch.com for details.

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April 18, 2014

Overseas Shipholding Group, Inc. Filing Update: Trustee Objection


The US Trustee has filed an objection to the Application to Employ Peter J. Solomon Company as Financial Advisor to the Official Committee of Equity Security Holders in the Overseas Shipholding Group, Inc Chapter 11 case.

"PJSC’s proposed fee structure is unreasonable and improvident as it allows PJSC to collect a substantial Completion Fee even if it produces no demonstrable benefit for shareholders beyond what was already “on the table” when the Equity Committee was appointed."

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GeneLink, Inc Files Chapter 11


 

  • Debtor Name:  GeneLink, Inc
  • Year Filed:  2014
  • Jurisdiction:  United States Bankruptcy Court / Middle District of Florida
  • Asset Size:  Less than 10,000,000
  • Case Number:  14-04475
  • Industry:  Pharmaceutical/Biotech

The Debtor is a genomics biotechnology company with liabilities listed as approximately $3.7 million.

Sign up for our Chapter 11 biotech monitor now.  Rates as low as $20/month!  Contact Ken at ktroubh@nationwideresearch.com

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April 17, 2014

Overseas Shipholding Group, Inc. Filing Update: Exit Financing


Consistent with their Plan of Reorganization, Overseas Shipholding Group, Inc. filed a motion seeking exit financing with Goldman Sachs Bank USA.  "This Motion seeks approval of the final pillar of that plan—commitments for exit financing totaling $935,000,000."

Read the Motion Below

Download Overseas Shipholding Exit

 

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