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REORGANIZATION ITEMS, NET
 12 Months Ended
Dec. 31, 2017
REORGANIZATION ITEMS, NET  
REORGANIZATION ITEMS, NET

15 - REORGANIZATION ITEMS, NET

 

On April 21, 2014 (the “Petition Date”), GS&T and its subsidiaries, other than Baltic Trading and its subsidiaries, (collectively, the “Debtors”) filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”).  The Company subsequently emerged from bankruptcy on July 9, 2014, the Effective Date.  

   

Reorganization items, net represents amounts incurred and recovered subsequent to the bankruptcy filing as a direct result of the filing of the Chapter 11 Cases and are comprised of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

2017

    

2016

 

2015

  

 

Professional fees incurred

 

$

 —

 

$

201

 

$

708

 

 

Trustee fees incurred

 

 

 —

 

 

71

 

 

377

 

 

Total reorganization fees

 

$

 —

 

$

272

 

$

1,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reorganization items, net

 

$

 —

 

$

272

 

$

1,085