Seventy Seven Finance Inc. Bankruptcy New Filing Alert: Order Regarding The Plan Of Reorganization





On June 8, 2016, an order regarding the plan of reorganization was filed in the bankruptcy case of Seventy Seven Finance Inc. and its affiliates.

The filing was assigned docket number 66 and is described on the court’s official docket as follows:

Order Shortening Time for Notice of a Hearing to Consider the Motions of Seventy Seven Finance, Inc., Et Al., (I) for Authorization to (A) Assume Restructuring Support Agreement and (B) Pay and Reimburse Related Fees and Expenses; (II) for Order Authorizing (A) Assumption of Exit Financing Commitment Letter, (B) Payment of Related Fees and Expenses, and (C) Indemnification of Commitment Parties and (III) for Entry of an Order Authorizing the Debtors to (A) File Exit Facility Commitment Fee Letter Under Seal and (B) Redact References to Confidential Information Therein in Commitment Letter Motion and Setting Related Dates and Deadlines (Related Doc # [26], [34], [35], [36], [37]) Order Signed on 6/8/2016. (MML)

Seventy Seven Finance Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 7, 2016. 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 16-11409. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to Seventy Seven Finance Inc. in the bankruptcy case.

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