Wesco Aircraft Holdings, Inc.

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Case overview

Case Number:

4:23-bk-90611

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

November 22, 2024
Incora Uptier Fight Lays Bare Risks For Private Equity Backers

In the bruising battles for position among lenders to debt-laden companies, private equity firms often remain relatively unscathed. But a case in Texas federal court over so-called creditor-on-creditor violence now threatens to punish buyout shop Platinum Equity for orchestrating an ill-fated debt exchange, potentially sending a chill over the market for liability management deals.
October 28, 2024
Ex-Judge Can't Shield Bank Docs; Tupperware Agrees To Sale

Former Bankruptcy Judge David R. Jones lost a bid to shield his banking records from a U.S. Trustee's Office probe into his undisclosed romantic relationship with a onetime Jackson Walker LLP partner.
October 25, 2024
Incora To Exit Ch. 11 With Uptier Fight Headed To Appeal

Aircraft parts supplier Incora has told a Texas bankruptcy judge that it expects to exit Chapter 11 under a consensual plan in the coming weeks, but a battle over the company's 2022 debt restructuring that helped trigger the case will continue.
October 02, 2024
Incora Creditor, Platinum Feud Over Injury In 2022 Uptier Deal

A bondholder to aircraft-parts supplier Incora on Wednesday urged a Texas bankruptcy judge to recognize its tortious interference claims against the company's private equity backer, Platinum Equity, arguing it suffered damages after being demoted in a 2022 financing deal.
September 27, 2024
Del. Judge To Mediate Incora Ch. 11 Plan Disputes

U.S. Bankruptcy Judge Brendan L. Shannon of Delaware said Friday he would oversee the mediation of a dispute in Texas bankruptcy court that involves aircraft parts supplier Incora and two rival groups of creditors, as the parties seek a settlement clearing Incora to exit bankruptcy.
September 23, 2024
Incora Judge To Consider Mediator Amid Ch. 11 Plan 'Logjam'

A Texas bankruptcy judge on Monday instructed parties squabbling over aircraft parts supplier Incora's Chapter 11 exit plan to return to court this week with a proposal that could break a "logjam" in negotiations, saying he will appoint a mediator if one is needed.
August 21, 2024
Top Bankruptcy Cases Of 2024: Midyear Report

Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.
July 12, 2024
Incora Ruling Poses New Risks For Contested Debt Deals

A Texas bankruptcy judge's recent ruling on a 2022 financing deal at aircraft parts supplier Incora adds another twist in the still-nascent case law surrounding so-called creditor-on-creditor violence, forcing lawyers on both sides of contentious debt exchanges to adjust to new legal terrain.
May 06, 2024
Aircraft Parts Co. Incora Blasted Over Releases In Ch. 11 Plan

Bankrupt aircraft component supplier Incora's amended Chapter 11 plan was opposed by the Office of the U.S. Trustee and a group of its noteholders in a Texas bankruptcy court on the grounds that its scope of claims releases is too broad.
April 15, 2024
Aircraft Parts Co. Incora Gets More Time For Ch. 11 Plan Vote

A Texas bankruptcy judge on Monday pushed back the Chapter 11 plan voting deadline by two weeks in the bankruptcy of aircraft parts supplier Incora, after the company said it wanted to send out newly updated financial projections to creditors.

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