bankruptcy

Seadrill files for Chapter 11 bankruptcy

SEPTEMBER 12, 2017 — Offshore drilling contractor Seadrill Limited has today filed prearranged Chapter 11 cases in the Southern District of Texas together with an agreed restructuring plan. As part of the

Tidewater emerges from Chapter 11 bankruptcy

JULY 31, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) reports that effective today, the company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization

Economou’s Ocean Rig files for bankruptcy

MARCH 28, 2017 — Deepwater drilling company Ocean Rig UDW Inc. (NASDAQ:ORIG) and various subsidiaries have entered into a restructuring support agreement with creditors and have presented winding up petitions in the

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Hanjin Shipping: From the eye of the storm and back

MARCH 8, 2017—Back this past February, a South Korean court declared Hanjin Shipping bankrupt. The bankruptcy sent shockwaves through the shipping industry. Montgomery McCracken’s Wook Chung, Esq., the former general counsel for

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ISHC set to exit Chapter 11 as SEACOR unit

MARCH 7, 2017 — International Shipholding Corporation (ISHC) says it has completed an important step towards emerging from bankruptcy with the confirmation of its Chapter 11 plan of reorganization by the U.S.

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Court declares Hanjin Shipping bankrupt

FEBRUARY 17, 2017 — South Korea’s Yonhap news agency reports that Hanjin Shipping Co. was today officially declared bankrupt by the Seoul Central District Court, after a two-week period for appeal expired.