December 18, 2024
A Delaware bankruptcy judge on Wednesday said he will confirm Williams Industrial Services Group Inc.'s Chapter 11 liquidation plan once the debtor and another company hash out a reservation of rights regarding a joint venture.
October 16, 2024
A Delaware bankruptcy judge on Wednesday gave Williams Industrial Services Group the go-ahead to send its Chapter 11 liquidation plan out for a creditor vote before a December hearing on approval of the plan.
September 07, 2023
A Delaware bankruptcy judge on Thursday approved Williams Industrial Services Group's plan to sell most of its business to stalking horse bidder Energy Solutions Inc. for $60 million, advancing a Chapter 11 sale process the judge previously panned as "unsatisfactory."
August 18, 2023
A reluctant Delaware bankruptcy judge Friday allowed Williams Industrial Services Group to move toward an auction after Williams' DIP lender helped break a stalemate over the stalking horse bidder for Williams' estate refusing to be the backup bidder.
August 17, 2023
A hearing on bidding procedures for Williams Industrial Services Group's bankruptcy auction ended in a cliffhanger Thursday, with a Delaware bankruptcy judge taking a firm stance on stalking horse bidder Energy Solutions Inc. refusing to serve as the backup bidder in the auction.
August 16, 2023
Williams Industrial Services Group has asked a Delaware bankruptcy judge to approve $200,000 in bonuses for four of its executives, conditioned on the company successfully selling its assets, which it hopes to do by September.
July 25, 2023
A Delaware bankruptcy judge Tuesday gave Williams Industrial Services Group permission to tap into the $31.5 million in Chapter 11 financing the industrial infrastructure firm says it will need to see it through what it hopes to be two months in bankruptcy.
July 24, 2023
Georgia-based power plant and industrial support company Williams Industrial Services Group filed for Chapter 11 Saturday with just under $68 million in debt and plans to sell most of its business in a bankruptcy auction with a $60 million opening bid.