Case Background

On February 6, 2017, Ultrapetrol (Bahamas) Limited and 30 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 Southern District of New York.  The cases are pending before the Honorable Robert D. Drain and are jointly administered under Case No. 17-22168.

Important Information & Dates

Hearing on First Day Motions

The hearing on the Debtors' First Day Motions was held on February 10 at 11:00 a.m. (ET) before the Honorable Robert D. Drain, United States Bankruptcy Court for the Southern District of New York, 300 Quarropas Street, Room 248, White Plains, New York 10601.  A final hearing on certain of the First Day Motions will be held on March 7, 2017 at 10:00 a.m. (ET).

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

First Day Motions

First Day Orders

Hearing on Adequacy of the Disclosure Statement and Confirmation of the Plan

The Combined Hearing to consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Plan, was held on March 17, 2017 at 11:00 a.m. (ET).

Please click below to view and download the Debtors' proposed Plan and proposed Disclosure Statement for the Plan:

Plan and Disclosure Statement 

A summary of the Plan is available here.

Plan and Disclosure Statement

On February 6, 2017, the Debtors filed their Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto.  On March 17, 2017, the Bankruptcy Court entered an order approving the Disclosure Statement.  On March 17, 2017, the Bankruptcy Court entered an order confirming the Plan.  On March 31, 2017, the Effective Date of the Plan occurred, and the Plan was consummated.

Dates

February
6

Voluntary Petition

_____
March
17

Combined Disclosure Stat...

11:00 a.m. (ET)
March
31

Effective Date

_________
November
28
__

Voting Record Date

February
2
4:00 P.M. (ET)

Voting Deadline

February
6
_____

Parties

Debtors' Counsel

Zirinsky Law Partners PLLC

375 Park Avenue
Suite 2607
New York, NY   10152
Phone: 212.763.0192
Bruce R. Zirinsky, Esq.
Sharon J. Richardson, Esq.
Gary D. Ticoll, Esq.

Hughes Hubbard & Reed LLP

One Battery Park Plaza
New York, NY   10004-1482
http://www.hugheshubbard.com
Phone: 212.837.6000
Fax: 212.422.4726
Christopher K. Kiplok, Esq.
Dustin P. Smith, Esq.
Erin E. Diers, Esq.

United States Trustee and Court Information

United States Bankruptcy Court

Southern District of New York
300 Quarropas Street, Room 248
White Plains, NY   10601
http://www.nysb.uscourts.gov
Phone: 914.390.4229
Honorable Robert D. Drain

United States Trustee

U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY   10014
https://www.justice.gov/ust-regions-r02
Phone: 212.510.0500
Fax: 212.668.2255
Susan Arbeit

Debtors

Case Number
Debtor Name
Petition Date
17-22168 Ultrapetrol (Bahamas) Limited February 06, 2017
17-22182 Oceanpar S.A. February 06, 2017
17-22173 Dampierre Holdings Spain, S.L. February 06, 2017
17-22185 Princely International Finance Corp. February 06, 2017
17-22171 Cedarino S.A. February 06, 2017
17-22189 Thurston Shipping Inc. February 06, 2017
17-22181 Massena Port S.A. February 06, 2017
17-22191 UABL Limited February 06, 2017
17-22195 Ultrapetrol S.A. February 06, 2017
17-22194 UABL S.A. February 06, 2017
17-22184 Parfina S.A. February 06, 2017
17-22183 Parabal S.A. February 06, 2017
17-22192 UABL Paraguay S.A. February 06, 2017
17-22172 Compagnia Paraguaya De Transporte Fluvial SA February 06, 2017
17-22169 Arlene Investments, Inc. February 06, 2017
17-22170 Brinkley Shipping Inc. February 06, 2017
17-22174 Danube Maritime Inc. February 06, 2017
17-22175 Dingle Barges Inc. February 06, 2017
17-22177 General Ventures Inc. February 06, 2017
17-22178 Hallandale Commercial Corp. February 06, 2017
17-22179 Longmoor Holdings Inc. February 06, 2017
17-22196 UPB (Panama) Inc. February 06, 2017
17-22188 Riverview Commercial Corp. February 06, 2017
17-22180 Marine Financial Investment Corp. February 06, 2017
17-22190 UABL Barges (Panama) Inc. February 06, 2017
17-22193 UABL Towing Services S.A. February 06, 2017
17-22176 Eastham Barges Inc. February 06, 2017
17-22186 Regal International Investments S.A. February 06, 2017
17-22187 Riverpar S.A. February 06, 2017
17-22197 UP River (Holdings) Ltd. (Bahamas) February 06, 2017
17-22198 UP River Terminals (Panama) S.A. February 06, 2017