Environmental & Energy,
Bankruptcy
Feb. 7, 2020
Court approval of deal paves way toward PG&E’s reorganization
At a hearing conducted on Feb. 4, the bankruptcy court in the PG&E Chapter 11 case approved a settlement between PG&E and key members of an Ad Hoc Committee of Unsecured Noteholders.
David S. Kupetz
Shareholder
SulmeyerKupetz PC
333 S Grand Avenue, Suite 3400
Los Angeles , CA 90071-1406
Fax: (213) 629-4520
Email: dkupetz@sulmeyerlaw.com
UC Hastings College of the Law
David is an expert in bankruptcy, business reorganization, restructuring, assignments for the benefit of creditors, and other insolvency solutions.
At a hearing conducted on Feb. 4, the bankruptcy court in the Pacific Gas & Electric Chapter 11 case approved a settlement between PG&E and key members of an Ad Hoc Committee of Unsecured Noteholders. The settlement took the form of a restructuring supporting agreement (the Noteholder RSA). Over the last 20 years, restructuring support agreements, also known as plan support agreements, have been used with increasing frequency as a tool to advance Chapter 11 ca...
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