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REORGANIZATION ITEMS, NET (Tables)
12 Months Ended
Dec. 31, 2014
REORGANIZATION ITEMS, NET  
Schedule of reorganization items, net represent amounts incurred and recovered subsequent to the bankruptcy filing as a direct result of the filing of the Chapter 11 Cases

 

 

 

 

 

Successor

 

Predecessor

 

 

 

Period from
July 9 to
December 31,
2014

 

Period from
January 1 to
July 9,
2014

 

Professional fees incurred

 

$

968

 

$

34,981

 

Trustee fees incurred

 

623

 

251

 

Total reorganization fees

 

$

1,591

 

$

35,232

 

 

 

 

 

 

 

Gain on settlement of liabilities subject to compromise

 

$

 

$

(1,187,689

)

Net gain on debt and equity discharge and issuance

 

 

(775,086

)

Fresh-start reporting adjustments

 

 

1,045,376

 

Total fresh-start adjustment

 

$

 

$

(917,399

)

 

 

 

 

 

 

Total reorganization items, net

 

$

1,591

 

$

(882,167

)