Offshore Group Investment Limited Bankruptcy New Filing Alert: Order Regarding The Plan Of Reorganization

On December 4, 2015, an order regarding the plan of reorganization was filed in the bankruptcy case of Offshore Group Investment Limited and its affiliates.

The filing was assigned docket number 37 and is described on the court’s official docket as follows:

Order (I) Scheduling Combined Hearing to Consider (A) Approval of Disclosure Statement, (B) Approval of Solicitation Procedures and Forms of Ballots, and (C) Confirmation of Prepackaged Plan; (II) Establishing an Objection Deadline to Object to Disclosure Statement and Plan; (III) Approving Form and Manner of Notice of Combined Hearing, Objection Deadline, and Notice of Commencement; (IV) Authorizing, but not Directing, Filing of Consolidated List of Creditors; (V) Extending Time, and Upon Plan Confirmation, Waiving of Requirement of Filing Statement of Financial Affairs and Schedules of Assets and Liabilities; (VI) Waiving Requirement to Convene the Section 341 Meeting of Creditors; (VII) Approving (A) the Rights Offering Procedures; (B) the Backstop Agreement, and (C) the Backstop Premium Consideration, Transaction Expenses, and Indemnification Obligations in Connection Therewith (Related Doc # [15]) Order Signed on 12/4/2015. (Attachments: # (1) Exhibit 1) (LCN)

Offshore Group Investment Limited filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 3, 2015. 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 15-12422. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to Offshore Group Investment Limited in the bankruptcy case.


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