Akin Gump Advises Quicksilver Through Confirmation of Chapter 11 Liquidation Plan
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(Dallas) – Judge Laurie Silverstein of the U.S. Bankruptcy Court for the District of Delaware has confirmed Quicksilver Resources Inc.’s Chapter 11 liquidation plan. Quicksilver filed for Chapter 11 protection in March 2015, listing $1.21 billion in assets and $2.35 billion in liabilities. The liquidation plan will distribute cash on hand and proceeds from the sale of the company’s assets to the company’s secured and unsecured creditors. The company can now begin its wind down.
Akin Gump represented Quicksilver in all aspects of the Chapter 11 proceedings, including in the sale of substantially all of its domestic assets to BlueStone National Resources II, LLC.
Financial restructuring partners Chuck Gibbs and Sarah Schultz led the team advising Quicksilver.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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