Notable Exits From Bankruptcy in 2014
Company | Filing Date (Bankr. Court) | Conf. Date Effective Date | Assets | Industry | Result |
The City of Detroit, Michigan | 07/18/2013 (E.D. Mich.) | 11/07/2014 CD | |||
12/10/2014 ED | $18 billion (debt) | Municipality | Adjustment | ||
Edison Mission Energy | 12/17/2012 (N.D. Ill.) | 03/11/2014 CD 04/01/2014 ED | $8.3 billion | Energy | Sale |
Cengage Learning, Inc. | 07/02/2013 (S.D.N.Y.) | 03/13/2014 CD 04/01/2014 ED | $7.5 billion | Print Media | Reorganization |
Overseas Shipholding Group, Inc. | 11/14/2012 (D. Del.) | 07/18/2014 CD 08/05/2014 ED | $4 billion | Shipping | Reorganization |
Genco Shipping & Trading Limited | 04/21/2014 (S.D.N.Y.) | 07/02/2014 CD 07/09/2014 ED | $3 billion | Shipping | Reorganization |
Momentive Performance Materials Inc. | 04/13/2014 (S.D.N.Y.) | 09/11/2014 CD | |||
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| 10/24/2014 ED | $2.7 billion | Manufacturing | Reorganization |
Excel Maritime Carriers Ltd. | 07/01/2013 (S.D.N.Y.) | 01/27/2014 CD 02/14/2014 ED | $2.7 billion | Shipping | Reorganization |
W.R. Grace & Co. | 04/02/2001 (D. Del.) | 06/11/2012 CD 02/03/2014 ED | $2.6 billion | Chemicals | Reorganization (Asbestos Trust) |
USEC, Inc. (n.k.a. Centrus Energy Corp.) | 03/05/2014 (D. Del.) | 09/05/2014 CD 09/30/2014 ED | $2.3 billion | Energy | Reorganization |
Capital Bancorp Ltd. | 08/09/2012 (E.D. Mich.) | 01/29/2014 CD 02/03/2014 ED | $2.2 billion | Bank Holding Co. | Liquidation |
Eagle Bulk Shipping Inc. | 08/06/2014 (S.D.N.Y.) | 09/18/2014 CD 10/15/2014 ED | $1.7 billion | Shipping | Reorganization |
First Mariner Bancorp | 02/10/2014 (D. Md.) | 12/09/2014 CD | $1.4 billion | Bank Holding Co. | Liquidation |
City of Stockton, California | 06/28/2012 (C.D. Cal.) | 10/30/2014 CD | $1.0 billion+ | Municipality | Reorganization |
ITR Concession Company | 09/22/2014 (N.D. Ill.) | 10/28/2014 CD | $1.0 billion+ | Toll Road Operator | Reorganization/Sale |
Mercantile Bancorp, Inc. | 06/27/2013 (D. Del.) | 06/26/2014 CD 06/30/2014 ED | $930 million | Bank Holding Co. | Liquidation |
MACH Gen LLC | 03/03/2014 (D. Del.) | 04/11/2014 CD 04/28/2014 ED | $750 million | Utility | Reorganization |
Sorenson Communications Inc. | 03/03/2014 (D. Del.) | 04/10/2014 CD 04/30/2014 ED | $645 million | Telecom | Reorganization |
Tuscany Int’l Drilling Inc. | 02/02/2014 (D. Del.) | 05/21/2014 CD 06/09/2014 ED | $645 million | Oil Field Services | Reorganization |
MModal Holdings, Inc. | 03/20/2014 (S.D.N.Y.) | 07/15/2014 CD 07/31/2014 ED | $626 million | Medical Services | Reorganization |
Furniture Brands International, Inc. | 09/09/2013 (D. Del.) | 07/14/2014 CD 08/01/2014 ED | $618 million | Retail | Liquidation |
Fiber Tower Corp. | 07/17/2012 (N.D. Tex.) | 01/27/2014 CD 03/31/2014 ED | $559 million | Telecom | Reorganization |
GMX Resources Inc. | 04/01/2013 (W.D. Okla.) | 01/22/2014 CD 02/04/2014 ED | $542 million | Oil and Gas Explor. | Reorganization/Sale |
Entegra Power Group LLC | 08/04/2014 (D. Del.) | 09/19/2014 CD 10/01/2014 ED | $500 million+ | Energy | Reorganization |
Quiznos Corp. | 03/14/2014 (D. Del.) | 05/12/2014 CD 07/01/2014 ED | $500 million+ | Restaurant | Reorganization |
Fresh & Easy | 09/27/2013 (D. Del.) | 07/02/2014 CD 07/23/2014 ED | $500 million | Retail | Sale |
Hartmarx Corp. | 01/23/2009 (N.D. Ill.) | 05/15/2014 CD 06/01/2014 ED | $483 million | Apparel | Liquidation |
The Dolan Company | 04/23/2014 (D. Del.) | 06/09/2014 CD 06/12/2014 ED | $450 million | Information Services | Reorganization |
Brookstone, Inc. | 04/02/2014 (D. Del.) | 06/24/2014 CD 07/08/2014 ED | $406 million | Retail | Sale |
Green Field Energy Services Inc. | 10/27/2013 (D. Del.) | 03/23/2014 CD 05/12/2014 ED | $352 million | Oil Field Services | Liquidation |
Coldwater Creek | 04/11/2014 (D. Del.) | 09/17/2014 CD 10/01/2014 ED | $346 million | Retail | Liquidation |
Sbarro LLC | 03/10/2014 (S.D.N.Y.) | 05/19/2014 CD |
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| 06/02/2014 ED | $175 million | Restaurant | Reorganization |
