October 20, 2020

Chaparral Energy’s Plan OK’d On Speedy Journey By way of Ch. 11

1 min read
Legislation360 (Oct 1, 2020, 3:43 PM EDT) — Chaparral Power Inc. took a speedy trip...
Legislation360 (Oct 1, 2020, 3:43 PM EDT) — Chaparral Power Inc. took a speedy trip through its 2nd personal bankruptcy in the earlier 5 years as a Delaware judge accredited its financial debt-for-equity Chapter 11 plan Thursday, with the firm expressing it ideas to emerge from its hottest bankruptcy as soon as following week.

Throughout a short virtual listening to, U.S. Personal bankruptcy Judge Mary F. Walrath experienced words and phrases of praise for Chaparral and its stakeholders for moving by way of the bankruptcy promptly and “seamlessly,” and for coming into Thursday’s hearing with a entirely consensual plan that was supported by lenders who voted on it.

Chaparral attorney Angela M. Libby of Davis Polk &…

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