TPC Group Inc.

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Case overview

Case Number:

1:22-bk-10493

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. September 22, 2022

    TPC Must Let All Creditors Reject Releases In Ch. 11 Vote

    A Delaware bankruptcy judge Thursday told TPC Group that it can send its Chapter 11 plan to creditors for a vote, so long as the petrochemical maker's unsecured creditors have the option to vote for the plan but opt out of its legal releases.

  2. September 13, 2022

    Del. Judge Gives Bankrupt TPC More Time For Creditor Talks

    A Delaware bankruptcy judge on Tuesday delayed the hearing for TPC Group's Chapter 11 plan disclosure for another week, after being told that the petrochemical maker had reached a settlement with its secured noteholders but not its unsecured creditors.

  3. September 06, 2022

    TPC Pauses Disclosure Hearing For Settlement Talks

    Petrochemical maker TPC Group told a Delaware bankruptcy judge Tuesday that it was postponing the hearing on its Chapter 11 plan disclosure statement for a week, in part to try to settle proposed class action claims stemming from a 2019 plant explosion.

  4. July 15, 2022

    TPC Ch. 11 Loan Is Delayed Pending Appellate Stay Ruling

    Petrochemical maker TPC Group told a Delaware bankruptcy judge Friday that it needed to await a decision from the local district court before moving forward with final approval of its Chapter 11 financing.

  5. June 02, 2022

    TPC Can Roll Debt Into Group DIP

    A Delaware bankruptcy judge said Thursday he was inclined to approve Texas petrochemical maker TPC Group's $523 million in Chapter 11 financing, saying it allows challenges to the roll-up of hundreds of millions of prebankruptcy debt into the package.

  6. June 01, 2022

    Ch. 11 Cheat Sheet: TPC Group Inc.

    Petrochemical maker TPC Group Inc. filed for Chapter 11 protection in a Delaware bankruptcy court, saying it is dealing with $1.3 billion in debt and issues including supply chain problems, commodity prices and liability for a 2019 plant explosion.

  7. June 01, 2022

    Embattled TPC Group Hits Ch. 11 With Deal To Cut $1.3B Debt

    Texas-based petrochemical maker TPC Group filed for Chapter 11 protection Wednesday in a Delaware bankruptcy court, saying it is dealing with $1.3 billion in debt and issues including supply chain problems, commodity prices and liability for a 2019 plant explosion.