it almost seems like they added stuff to the auction that where not included in the sale notice that people got in the mail. foul to me it seems I wonder if bp lawsuit was in the sale notice or they added it also
Received the flyer for the sale of all of ATP's deepwater GoM assets this morning. The sale does not include the Titan nor any North Sea assets but it does include all of their GoM fields and their half interest in the Innovator located at Gomez. The Titan is not included because it is subject to an essential lein by Beal Bank so any deal for the Titan has to be negotiated with them. It is a separate entity from ATP and since ATP is in default I suspect Beal Bank essentially owns it.
is there a comfirmation hearing and vote just like a plan or reorganization? with a disclosure statement.
looking at BORDERS GROUP, INC JOINT PLAN OF LIQUIDATION PURSUANT TO CHAPTER 11 OF THE BANKRUPTCY CODE PROPOSED BY THE DEBTORS AND THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS
looks like they voted. would this be the case with atp? dip lenders and claims ahead of them would be the only ones accepting. and 2nd liens, unsecured, equity would reject?
Summary of Classification and Treatment of Classified Claims and Equity Interests Class Claim Status Voting Rights 1 Priority Non-Tax Claims Unimpaired Deemed to Accept 2 Secured Claims Unimpaired Deemed to Accept 3 General Unsecured Claims Impaired Entitled to Vote 4 Equity Interests Impaired Deemed to Reject 5 Intercompany Claims Impaired Deemed to Reject
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