Creditor: Fracking Company’s Reorganization Plan Restricts Rights ‘Impermissibly’

(March 8, 2017, 2:23 PM EST) -- WILMINGTON, Del. — A creditor in the Chapter 11 bankruptcy case of fracking company Bonanza Creek Energy Inc. on March 3 filed a brief in Delaware bankruptcy court objecting to the debtor’s reorganization plan on grounds that it purports to restrict the application of the Bankruptcy Code as it pertains to executory contracts and that the language of the plan “impermissibly restricts” the creditor’s rights (In Re:  Bonanza Creek Energy Inc., No. 17-10015, D. Del. Bkcy.)....

Attached Documents

Related Sections