SRBA Bankruptcy Attorneys Confirm Offshore Marine Contractors, Inc., Plan in Eastern District's First "Complex Chapter 11 Case"

On August 6, 2020, SRBA bankruptcy attorneys confirmed the chapter 11 plan for Offshore Marine Contractors, Inc., the first Eastern District of Louisiana case designated a “Complex Chapter 11 Case.” The chapter 11 plan provided for payment to all trade creditors and de-leveraged the Debtor's balance sheet by effecting a global compromise between the Debtor, its shareholders and certain of their affiliates, and the Debtor's two largest secured creditors. Filed on December 4, 2019, SRBA's attorneys adroitly managed the case from filing to confirmation in just under 8 months.