Overseas Shipholding Group, Inc.  Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On June 17, 2014, an application for interim approval of professional compensation was filed in the bankruptcy case of Overseas Shipholding Group, Inc.  and its affiliates.

The filing was assigned docket number 3458 and is described on the court’s official docket as follows:

Monthly Application for Compensation (Eighteenth) of Chilmark Partners, LLC, as Financial and Restructuring Advisor to the Debtors and Debtors-In-Possession, for Allowance of Interim Compensation and for Interim Reimbursement of All Actual and Necessary Expenses for the period April 1, 2014 to April 30, 2014 Filed by Chilmark Partners, LLC. Objections due by 7/8/2014. (Attachments: # (1) Notice # (2) Exhibit A (Summary of Services Rendered by Project) # (3) Exhibit B (Expense Detail)) (Alleman, William)

Overseas Shipholding Group, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 14, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 12-20000. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Walsh. The law firm of Cleary Gottlieb Steen & Hamilton LLP is acting as lead bankruptcy counsel to Overseas Shipholding Group, Inc.  in the bankruptcy case.

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