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REORGANIZATION ITEMS, NET

12 Months Ended

Dec. 31, 2018

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,
		2018			2017			2016
Professional fees incurred		$	—		$	—		$	201
Trustee fees incurred			—			—			71
Total reorganization fees		$	—		$	—		$	272
Total reorganization items, net		$	—		$	—		$	272

X

- Definition

The entire disclosure for the description and amounts of reorganization under Chapter 11 of the US Bankruptcy Code.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-URI http://asc.fasb.org/topic&trid=2209115

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- References

No definition available.

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