Penn Virginia Corporation Bankruptcy New Filing Alert: Order Regarding The Plan Of Reorganization





On June 14, 2016, an order regarding the plan of reorganization was filed in the bankruptcy case of Penn Virginia Corporation and its affiliates.

The filing was assigned docket number 290 and is described on the court’s official docket as follows:

Order (I) Authorizing the Debtors to Assume (A) the Restructuring Support Agreement, (B) the Backstop Commitment Agreement, and (C) the Exit Commitment Letters, (II) Authorizing the Debtors to Pay Certain Fees in Connection Therewith, and (III) Granting Related Relief (Related Doc # [21]) (Cummings, James)

Penn Virginia Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 12, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Virginia . The case number for the lead bankruptcy case is 16-32395. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Penn Virginia Corporation in the bankruptcy case.

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