Tag Archives: bankruptcy

Momentive Completes Balance Sheet, Emerges from Chapter 11

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Waterford, N.Y.-based silicone manufacturer Momentive Performance Materials Inc. (MPM) announced that it has emerged from Chapter 11 and completed its restructuring plan. According to court documents, the U.S. Bankruptcy Court for the Southern District of New York entered an order … Continue reading

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Court Approves Extension of Post-Confirmation Deadline in Dlubak Bankruptcy Case

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A post-confirmation deadline extension requested by the plan administrator for Dlubak Corp.’s bankruptcy proceedings has been granted. On August 6, the United States Bankruptcy Court of the Western District of Pennsylvania granted the motion of the plan administrator, Lawrence C. … Continue reading

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Court Grants MPM Authorization for Full Amount in DIP Financing

Last month, Momentive Performance Materials Inc. reached an agreement with certain key stakeholders on the terms of a balance sheet restructuring plan. To implement the plan, MPM filed to reorganize under Chapter 11 of the U.S. Bankruptcy code. On May … Continue reading

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Court Denies Request for Reconsideration of Vitro Case

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A judge for the Fifth Circuit Court of Appeals in New Orleans has denied Vitro’s recent motion for “en banc” consideration of the court’s decision affirming an original ruling denying Vitro SAB’s use of a Mexican bankruptcy restructuring plan in … Continue reading

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Trainor Seeks Extension of Deadline to File Chapter 11 Plan

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Trainor Glass has filed a motion with the U.S. Bankruptcy Court for the Northern District of Illinois asking for an extension of time to file its Chapter 11 plan with the court. The plan had been expected to be filed … Continue reading

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