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 |
|
|
|
|
|
|
06/02/2014 ED |
$175 million |
Restaurant |
Reorganization |
