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We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Verso Bankruptcy Emergence

Verso Supplement Filed, Plan Effective

Verso filed with the U.S. Bankruptcy Court a seventh Supplement to its First Modified Third Amended Joint Plan of Reorganization. The Company's First Modified Third Amended Joint Plan of Reorganization subsequently became effective, and Verso emerged from Chapter 11 protection.
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We expect to see bankruptcy activity increase away from the energy sector.

Mid-Year Corporate Bankruptcy Update

Excerpted from the July 2016 Issue
Energy-related companies dominated the filings, with ten of the fifteen largest bankruptcies coming from this capital-intensive industry. Similarly, over 80% of all $86 billion in assets entering bankruptcy were from energy-related companies.
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Essar Steel Minnesota Files Bankruptcy

Essar Steel Minnesota Chapter 11 Petition Filed

Privately-held Essar Steel Minnesota (f/k/a Minnesota Steel Industries) and ESML Holdings filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11626 (ESML Holdings).
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Fairway Group Holdings Emerges Bankruptcy

Fairway Group Holdings Plan Effective

Fairway Group Holdings' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
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KaloBios Emerges from Bankruptcy

KaloBios Pharmaceuticals Plan Effective

KaloBios Pharmaceuticals' Second Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on June 16, 2016.
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