Toys "R" Us Bankruptcy - Here's the Research You Need
If you or your clients have exposure to Toys "R" Us, these are cases that you'll want to research.
Ultra Resources, Inc. Opinion Regarding Make Whole Premiums
The Ad Hoc Committee of Unsecured Creditors of Ultra Resources, Inc. filed a complaint against Debtors Ultra Resources, Ultra Petroleum Corp., and UP Energy Corporation seeking a judgment declaring: (i) that the Debtors‘ filing for chapter 11 bankruptcy triggered an obligation under the terms of a Master Note Purchase Agreement to pay a Make-Whole Amount to certain noteholders of OpCo; and (ii) the amount of that obligation. The Debtors objected to the Senior Creditor Committee‘s claim for the Make-Whole Amount, post-petition interest at the contract default rate, and other related fees and expenses. Debtors‘ objection is denied.
