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

On June 9, 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 257 and is described on the court’s official docket as follows:

Order Denying Motion of Ad Hoc Committee of Equity Security Holders to Continue Hearing on Debtors’ Motion for Entry of an 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 (Re: related document(s)[21] Motion to Approve filed by Penn Virginia Corporation) (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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