Case Background

On November 26, 2018, Fairway Energy, LP and 2 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Debtors' cases are pending before the Honorable Laurie Selber Silverstein and the cases are jointly administered under Case No. 18-12684.

Important Information & Dates

Deadline to File Claims

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors:

The General Bar Date: March 7, 2019 at 4:00 p.m. (prevailing Eastern Time)

The Government Bar Date: May 28, 2019 at 4:00 p.m. (prevailing Eastern Time)

The Administrative Expense Bar Date: June 7, 2019 at 4:00 p.m. (prevailing Eastern Time)

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors. 

 

Plan & Disclosure Statement

The Debtors filed their Joint Plan of Liquidation and the Disclosure Statement on May 9, 2019 and their First Amended Joint Plan of Liquidation and the Disclosure Statement related thereto on May 29, 2019.  On May 29, 2019, the Bankruptcy Court entered an order conditionally approving the Disclosure Statement and establishing procedures for solicitation and tabulation of votes on the Plan.  The Bankruptcy Court will hold a combined hearing on approval of the Disclosure Statement and confirmation of the Plan on July 17, 2019 at 11:00 a.m. (ET).

Please click below to view and download the Plan & Disclosure Statement Documents:

Plan & Disclosure Statement

 

Asset Sale Process

The Debtors solicited offers for the purchase of substantially all of their Assets and assumption of substantially all of the liabilities of the Debtors with respect thereto consistent with the bidding procedures approved by the Court by entry of an order dated January 9, 2019.

On March 25, 2019, the Debtors conducted an auction to request additional competitive bids from Qualified Bidders with respect to the Sale of the Assets. The Bankruptcy Court held a hearing to consider approval of the Sale of the Assets to Riverstone Credit Partners-Direct, L.P. on Wednesday, April 10, 2019.  An Order approving the sale of substantially all of the Debtors’ assets and authorizing the Debtors’ assumption and assignment of certain executory contracts and unexpired leases was entered on April 11, 2019.

Please click below to view and download documents relating to the sale of assets:

Sale of Assets

 

First Day Motions and Orders

A hearing on the Debtors' First Day Pleadings was held on November 28, 2018, at 11:00 a.m. (ET) before the Honorable Laurie Selber Silverstein, United States Judge, at the United Bankruptcy Court for the District of Delaware, 824 North Market Street, 6th Floor, Courtroom No. 2, Wilmington, Delaware 19801.

Please click below to view and download the First Day Motions and First Day Orders:

First Day Motions

First Day Orders

 

Dates

June
7

Administrative Expense B...

4:00 p.m. (ET)
July
8

Voting Deadline

4:00 p.m. (ET)
July
17

Combined Hearing

11:00 a.m. (ET)
November
26
_____

Petition Date

November
28
11:00 a.m. (ET)

First Day Hearing

Parties

Debtors' Counsel

Haynes and Boone, LLP

1221 McKinney Street, Suite 2100
Houston, TX   77010
http://www.haynesboone.com
Phone: 713.547.2000
Fax: 713.547.2600
Patrick L. Hughes
Martha Wyrick
Kelsey Zottnick

Young Conaway Stargatt & Taylor

Rodney Square
1000 North King Street
Wilmington, DE   19801
http://www.ycst.com
Phone: 302.571.6600
Fax: 302.571.1253
Edmon L. Morton
Kenneth J. Enos
Elizabeth S. Justison

Debtors' Restructuring Advisors

Alvarez & Marsal North America, LLC

700 Louisiana Street
Suite 3300
Houston, TX   77002
http://www.alvarezandmarsal.com
Phone: 713.571.2400
Fax: 713.547.3697
Gary Barton
Kevin L. Larin

United States Trustee and Court Information

Office of the United States Trustee

844 King Street
Suite 2207, Lockbox #35
Wilminton, DE   19801
https://www.justice.gov/ust-regions-r03/region-3-district-delaware
Phone: 302.573.6491
Fax: 302.573.6497
Brya Michele Keilson

United States Bankruptcy Court

District of Delaware
824 Market Street North
Wilmington, DE   19801
http://www.deb.uscourts.gov
Phone: 302.252.2900
Laurie Selber Silverstein

Debtors

Case Number
Debtor Name
Petition Date
18-12684 Fairway Energy, LP November 26, 2018
18-12685 Fairway Energy Partners, LLC November 26, 2018
18-12686 Fairway Energy GP, LLC November 26, 2018