supplement to the first amended ch 11 plan 6-12-13.pdf
TRANSCRIPT
-
7/28/2019 supplement to the first amended ch 11 plan 6-12-13.pdf
1/2
1
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA
IN RE:
VIRGIN OFFSHORE USA, INC.,
DEBTOR
CASE NO. 11-13028
CHAPTER 11
CHIEF JUDGE ELIZABETH W. MAGNER
SUPPLEMENT TO THE FIRST AMENDED CHAPTER 11 PLAN OF
REORGANIZATION DATED MARCH 28, 2013 SUBMITTED BY GERALD H. SCHIFF,
CHAPTER 11 TRUSTEE FOR THE ESTATE OF VIRGIN OFFSHORE, USA, INC.
Gerald H. Schiff, chapter 11 trustee for the Virgin Offshore U.S.A., Inc. bankruptcy
estate (the Trustee), hereby submits this supplement (Plan Supplement) to the FIRST
AMENDED CHAPTER 11 PLAN OF REORGANIZATION DATED MARCH 28, 2013
SUBMITTED BY GERALD H. SCHIFF, CHAPTER 11 TRUSTEE FOR THE ESTATE OF
VIRGIN OFFSHORE, USA, INC. (the Plan).1
1. Form of Offshore Equity Trust AgreementAttached hereto as Exhibit A is a form of the proposed Offshore Equity Trust Agreement
contemplated in Article VI(B) of the Plan. The form is subject to execution by the proposed
Equity Trustee, and further amendment and modification as necessary.
2. RLI StipulationAttached hereto as Exhibit B is the Term Sheet Stipulation (Stipulation) executed by
and between the Trustee, on behalf of the state, the Virgin Oil Plan Trust and RLI Insurance
Company. As set forth in Section (1)(a) of the Stipulation, the Trustee agreed to incorporate the
term of the Stipulation into the proposed Plan as further clarification of the treatment of the RLI
1 (R. at 402.)
Case 11-13028 Doc 430 Filed 06/12/13 Entered 06/12/13 16:40:20 Main DocumentPage 1 of 2
-
7/28/2019 supplement to the first amended ch 11 plan 6-12-13.pdf
2/2
2
Insurance Class 2 Claim and to reduce to writing the meaning of Paragraph 8 of the
Decommissioning Term Sheet.
Respectfully submitted by:
GORDON, ARATA, MCCOLLAM,
DUPLANTIS & EAGAN, LLC
By: /s/ Patrick M. Shelby
Patrick Rick M. Shelby (La. Bar. No. 31963)
James D. Rhorer (La. Bar No. 34052)Place St. Charles
201 St. Charles Avenue, 40th Floor
New Orleans, LA 70170-4000
Telephone: (504) 582-1111
Email: [email protected]
And
Louis M. Phillips (La. Bar No. 10505)
One American Place301 Main Street, Suite 1600
Baton Rouge, LA 70801-1916
Telephone: (225) 381-9643Facsimile: (336) 336-9763
Email: [email protected]
And
Armistead M. Long (La. Bar No. 33949)400 East Kaliste Saloom Road, Suite 4200
Lafayette, LA 70508
Phone: (337) 237-0132Email: [email protected]
Attorneys for Gerald H. Schiff,
Chapter 11 Trustee
Case 11-13028 Doc 430 Filed 06/12/13 Entered 06/12/13 16:40:20 Main DocumentPage 2 of 2