Bloomberg Law quoted Haynes and Boone, LLP Partner Stephen Pezanosky in an article about how Arsenal Energy Holdings LLC’s reorganization plan sped up the process of Chapter 11 after only a few days of bankruptcy.
Here is an excerpt:
Arsenal Energy Holdings LLC, a Wexford, Pa.-based natural gas producer, exits Chapter 11 after a speedy 10-day bankruptcy and over the objection of a federal watchdog.
“The speediness of the case is unusual, but not unprecedented,” Stephen M. Pezanosky, a partner with Haynes and Boone, LLP, in Ft. Worth, Texas, told Bloomberg Law. “Prepack Chapter 11 cases can get through the courts quickly if all the proper work is done before the filing,” he said. …
To read the full article, click here. (Subscription required)