In April 2014, Energy Future Holdings (“EFH”) and 70 affiliated companies filed for Chapter 11 protection, with $42 billion in debt. A complex, corporate conglomerate, EFH’s highly divergent businesses included, to mention a few, a public utility in Texas, an oil and gas trading business, and a highly profitable electricity generating business. Each business was faced with unique regulatory and legal issues, as well as diverse stakeholders, including creditors with differing interests.
Epiq assisted EFH in complying with the myriad administrative obligations of Chapter 11, including creating a novel Asbestos Bar Date process. Epiq significantly reduced the administrative burdens of EFH and its other professionals, enabling the company to emerge from bankruptcy and move forward with implementation of its Plan of Reorganization.