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Bruin E&P Chapter 11 plan accepted by majority of voting creditors
By Caroline Salls
Pittsburgh, Aug. 24 – Bruin E&P Partners, LLC’s plan of reorganization was accepted by a majority of voting creditors, according to a ballot report filed Saturday with the U.S. Bankruptcy Court for the Southern District of Texas.
All 21 holders of $504.82 million in RBL claims voted to accept the plan.
In addition, 184 holders, or 95.83% in number, of $421.47 million, or 99.16% in amount, of notes claims voted to accept the plan, while eight holders, or 4.17% in number, of $3.56 million, or 0.84% in amount, of those claims voted to reject it.
A total of 149 holders, or 94.9% in number, of $377.57 million, or 99.07% in amount, of general unsecured claims voted to accept the plan, while eight holders, or 5.1% in number, of $3.56 million, or 0.93% in amount, of those claims voted to reject it.
The plan confirmation hearing is scheduled for Aug. 26.
Bruin E&P is a Houston-based energy exploration and production company. The company filed bankruptcy on July 16 under Chapter 11 case number 20-33605.
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