ECEC Wind-Down LLC

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Case overview

Case Number:

1:22-bk-10320

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

December 22, 2022
Insurers Slam Scouts Plan; FTX To Start Clawback Actions

Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.
December 21, 2022
Texas Power Co. Wins Immediate OK Of Ch. 11 Wind-Down

The bankruptcy estate of what was once West Texas electricity provider Ector County Energy LLC got immediate court approval Wednesday of a wind-down Chapter 11 plan that will pay all non-insider creditors in full beginning as soon as Thursday.
June 29, 2022
Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.
June 27, 2022
Bankrupt Texas Power Plant Gets $144M Asset Sale Approved

A West Texas electricity producer won a Delaware bankruptcy court's approval Monday to sell its 330-megawatt wholesale electricity power plant assets for $144.75 million — $53.5 million more than the buyer first offered when the plant declared bankruptcy in April.
June 15, 2022
Meet The Attys For Texas Power Plant Owner In Del. Ch. 11

The operator of a Texas power generating plant received approval this month in Delaware bankruptcy court to access the cash of its secured lenders to keep operations going and preserve the value of its assets as it moves ahead with plans for a Chapter 11 sale.
June 02, 2022
Texas Power Plant Gets Lender Cash Use Approved In Ch. 11

The owner of a Texas power generating plant received approval to access the cash of its secured lenders Thursday when a Delaware judge said the money is needed to keep operations going and preserve the value of its assets ahead of a Chapter 11 sale.
June 01, 2022
Sidley Not Conflicted, NJ Diocese Ch. 11 Moves Forward

The bankrupt Diocese of Camden received approval for its Chapter 11 plan disclosures with warnings from the court, Sidley Austin was found not to be conflicted when it represented the Boy Scouts of America, and Arizona law doomed a $16 million lien claim asserted by the Dutch government in the MD Helicopters bankruptcy. This is the week in bankruptcy.
May 31, 2022
Power Plant Owner Defends Ch. 11 Plans Against Challenges

The owner of a bankrupt Texas power plant defended its Chapter 11 intentions Tuesday in the Delaware bankruptcy court, saying its access to lender cash is critical to its case, which is not being run for the benefit of equity holders.
April 13, 2022
Texas Plant's Ch. 11 Has No Obvious Purpose, Del. Judge Told

The largest unsecured creditor of West Texas power producer Ector County Energy Center LLC kicked off the power plant's Chapter 11 case Wednesday by telling a Delaware bankruptcy judge that the debtor had "no obvious reorganization purpose" in filing for bankruptcy.
April 12, 2022
Storm-Hit Texas Power Plant Opens Ch. 11 In Del. For Sale

A 330-megawatt wholesale electricity producer in West Texas that was shut down by the February 2021 winter storm is seeking Chapter 11 protection in Delaware, carrying more than $800 million in secured debt and damage claims and wiring its case for a quick sale.