The Dolan Company and its subsidiaries announced that they have emerged from chapter 11, 81 days after voluntarily filing for bankruptcy protection.
The Dolan Company and its subsidiaries announced that the United States Bankruptcy Court for the District of Delaware has confirmed their prepackaged chapter 11 plan of reorganization.
The Dolan Company announced it filed for bankruptcy after agreeing to a balance-sheet restructuring with a secured lender group led by Bayside Capital, as agent, that will take over as owners of the company.
The Dolan Company appointed Kevin Nystrom, managing director of Zolfo Cooper, as its chief restructuring officer. Nystrom will report to the company’s board of directors and will have oversight responsibility for the company’s operations and finances.