Vertex Energy, Inc. Bankruptcy (9:24-bk-90507), Texas Southern Bankruptcy Court

Vertex Energy, Inc.

Texas Southern Bankruptcy Court
Chapter 11
Judge:	Christopher M Lopez
Case #:	9:24-bk-90507

Case Filed:

Sep 24, 2024

Type	Corporation
Tax ID	subscribers only
# of Creditors	5,001-10,000
Est. Assets	$500,000,001 to $1 billion
Est. Liabilities	$500,000,001 to $1 billion
Nature of Business	Other
Nature of Debts	Primarily Business

Debtor

Vertex Energy, Inc.

1331 Gemini St Ste 250
Houston, TX 77058-2764

Represented By

Jason Gary Cohen
Bracewell LLP
contact info

Last checked: never

U.S. Trustee

US Trustee

Office of the US Trustee 515 Rusk Ave Ste 3516
Houston, TX 77002

1.	Vertex Energy files for bankruptcy, explores sales transaction (tipranks.com)
	Submitted Wed 09/25/2024

Docket last updated: 29 minutes ago

Wednesday, September 25, 2024
25		25 11 pgs motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 6:56 AM Emergency Motion Debtors' Emergency Motion Seeking Entry of an Order Authorizing the Debtors to Redact and File the Unredacted Confidential Intermediation Exhibits Under Seal Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 3 pgs Proposed Order
24		24 misc Sealed Document Wed 09/25 6:46 AM Sealed Document Sealed Exhibits to Debtors Emergency Motion for Entry of Interim and Final Orders (I) Authorizing Continuation of the Intermediation Contracts, as Amended, (II) Authorizing the Debtors to Enter Into and Perform Postpetition Intermediation Transactions and Postpetition Hedging Transactions, (III) Providing Superpriority Administrative Expense Status and Liens In Respect of Postpetition Intermediation Transactions, and Postpetition Hedging Transactions (IV) Granting Adequate Protection to the Intermediation Provider, (V) Providing Superpriority Administrative Expense Status in Respect of Purchaser Support Agreement, (VI) Modifying the Automatic Stay, (VII) Setting a Final Hearing, and (VIII) Granting Related Relief (Filed By Vertex Energy, Inc. ). (Cohen, Jason) Related: [-]
23		23 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 6:43 AM Emergency Motion Debtors Emergency Motion for Entry of Interim and Final Orders (I) Authorizing Continuation of the Intermediation Contracts, as Amended, (II) Authorizing the Debtors to Enter Into and Perform Postpetition Intermediation Transactions and Postpetition Hedging Transactions, (III) Providing Superpriority Administrative Expense Status and Liens In Respect of Postpetition Intermediation Transactions, and Postpetition Hedging Transactions (IV) Granting Adequate Protection to the Intermediation Provider, (V) Providing Superpriority Administrative Expense Status in Respect of Purchaser Support Agreement, (VI) Modifying the Automatic Stay, (VII) Setting a Final Hearing, and (VIII) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
22		22 288 pgs plan Disclosure Statement Wed 09/25 3:07 AM Disclosure Statement Filed by Vertex Energy, Inc.. (Cohen, Jason) Related: [-]
21		21 64 pgs plan Chapter 11 Plan Wed 09/25 2:56 AM Chapter 11 Plan of Reorganization Filed by Vertex Energy, Inc.. (Cohen, Jason) Related: [-]
20		20 48 pgs motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 2:52 AM Emergency Motion Debtors Emergency Motion Seeking Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III) Granting Liens and Providing Claims with Superpriority Administrative Expense Status, (IV) Granting Adequate Protection to the Pre-Petition Term Loan Secured Parties, (V) Modifying the Automatic Stay, (VI) Scheduling a Final Hearing, and (VII) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order (Interim)
19		19 16 pgs misc Declaration Wed 09/25 2:41 AM Declaration re: Omnibus Declaration of Douglas McGovern in Support of the (I) DIP Motion and (II) Bidding Procedures Motion (Filed By Vertex Energy, Inc. ). (Cohen, Jason) Related: [-]
18		18 45 pgs misc Declaration Wed 09/25 2:37 AM Declaration re: Declaration of R. Seth Bullock, Chief Restructuring Officer of Vertex Energy, Inc., in Support of the Debtors' Chapter 11 Petitions and First Day Motions (Filed By Vertex Energy, Inc. ). (Cohen, Jason) Related: [-]
		Att: 1 113 pgs Exhibit A
		Att: 2 2 pgs Exhibit B
17		17 motion Assume/Reject Wed 09/25 1:55 AM Motion to Assume/Reject Debtors' Motion for Entry of an Order (I) Authorizing Rejection of the Matheson Agreement Effective as of the Petition Date and (II) Granting Related Relief . Objections/Request for Hearing Due in 21 days. Filed by Debtor Vertex Energy, Inc. (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
16		16 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 1:12 AM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Authorizing the Debtors to (A) File a Consolidated Creditor Matrix and a Consolidated List of the 30 Largest Unsecured Creditors and (B) Redact Certain Personally Identifiable Information of Natural Persons, (II) Waiving the Requirement to File a List of Equity Security Holdings, (III) Approving the Form and Manner of Notifying Creditors of the Commencement of the Chapter 11 Cases and Other Information, and (IV) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
15		15 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 12:53 AM Emergency Motion Debtors Emergency Motion for Entry of an Order Extending Time to File (I) Schedules of Assets and Liabilities, (II) Schedules of Current Income and Expenditures, (III) Schedules of Executory Contracts and Unexpired Leases, (IV) Statements of Financial Affairs, and (V) Rule 2015.3 Financial Reports Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
14		14 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 12:46 AM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Approving the Debtors Proposed Adequate Assurance of Payment for Future Utility Services, (II) Prohibiting Utility Providers from Altering, Refusing, or Discontinuing Services, (III) Approving the Debtors Proposed Procedures for Resolving Adequate Assurance Requests, and (IV) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
13		13 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Wed 09/25 12:04 AM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Authorizing Continuation of Prepetition Hedging Arrangements, (II) Authorizing Entry Into and Performance Under Postpetition Hedging Arrangements, (III) Providing Superpriority Administrative Expense Status in Respect of Postpetition Hedging Arrangements, (IV) Modifying the Automatic Stay, and (V) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
Tuesday, September 24, 2024
12		12 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 11:59 PM Emergency Motion Debtors Emergency Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Operate Their Cash Management System and Maintain Existing Bank Accounts, (B) Continue to Perform Intercompany Transactions, and (C) Maintain Existing Business Forms and Books and Records, and (II) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Exhibit A
		Att: 2 Exhibit B
		Att: 3 Proposed Order (Interim)
		Att: 4 Proposed Order (Final)
11		11 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 11:50 PM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and (II) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
10		10 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 11:42 PM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Authorizing the Payment of Certain Taxes and Fees and (II) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Exhibit A
		Att: 2 Proposed Order
9		9 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 11:37 PM Emergency Motion Debtors Emergency Motion for Entry of an Order (I) Authorizing the Debtors to (A) Continue Insurance Coverage Entered Into Prepetition and Satisfy Prepetition Obligations Related Thereto, (B) Renew, Amend, Supplement, Extend, Purchase, and Enter Into New Insurance Policies, (C) Honor Prepetition Payment Arrangements, (D) Continue to Pay Brokerage Fees, and (E) Maintain the Surety Bond Program and (II) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
8		8 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 10:43 PM Emergency Motion Debtors Emergency Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Pay Certain Prepetition Claims of (A) 503(b)(9) Claimants, (B) Lien Claimants, (C) Critical Vendors, and (D) HSE Suppliers, (II) Confirming Administrative Expense Priority of Outstanding Orders, and (III) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order Proposed Interim Order
		Att: 2 Proposed Order Proposed Final Order
7		7 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 10:10 PM Emergency Motion Debtors Emergency Motion for Entry of an Order Authorizing the Debtors to (I) Pay Prepetition Wages, Salaries, Other Compensation, and Reimbursable Expenses, (II) Continue Employee Benefits Programs, and (III) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
6		6 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 10:06 PM Emergency Motion Debtors' Emergency Motion for Entry of an Order Scheduling Hearings and Objection Deadlines with Respect to the Debtors' Disclosure Statement and Plan Confirmation Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
5		5 motion Emergency Motion (Hearing Date Obtained Prior to Filing) Tue 09/24 10:01 PM Emergency Motion for Entry of an Order (I) Approving the Bidding Procedures and Auction (II) Scheduling Bid Deadlines, an Auction, Objection Deadlines, and a Sale Hearing, (III) Approving the Assumption and Assignment Procedures (IV) Approving the Form and Manner of Notice of a Sale Transaction the Auction, the Sale Hearings, and Assumption and Assignment Procedures, and (V) Granting Related Relief Filed by Debtor Vertex Energy, Inc. Hearing scheduled for 9/25/2024 at 12:30 PM at Houston, Courtroom 401 (CML). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
4		4 misc Designation of Complex Case Tue 09/24 9:54 PM Designation of Complex Chapter 11 Bankruptcy Case (Filed By Vertex Energy, Inc. ). (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
3		3 motion Emergency Motion Tue 09/24 9:27 PM Emergency Motion Debtor's Emergency Ex Parte Application for Entry of an Order Authorizing the Employment and Retention of Kurtzman Carson Consultants, LLC DBA Verita Global as Claims, Noticing, and Solicitation Agent Filed by Debtor Vertex Energy, Inc. (Cohen, Jason) Related: [-]
		Att: 1 Exhibit "A"
		Att: 2 Exhibit "B"
		Att: 3 Proposed Order
2		2 13 pgs motion Joint Administration Tue 09/24 9:19 PM Motion for Joint Administration Filed by Debtor Vertex Energy, Inc. (Cohen, Jason) Related: [-]
		Att: 1 Proposed Order
1		1 34 pgs misc Voluntary Petition (Chapter 11) [system event] Tue 09/24 5:57 PM Chapter 11 Voluntary Petition Non-Individual Fee Amount $1738 Filed by Vertex Energy, Inc.. (Cohen, Jason) Related: [-]
		trustee Notice of Appearance and Request for Notice Tue 09/24 6:35 PM Notice of Appearance and Request for Notice Filed by Jana Smith Whitworth (Whitworth, Jana) Related: [-]
		crditcrd none Tue 09/24 7:44 PM Receipt of Voluntary Petition (Chapter 11)([LINK 24-90507 ) [misc,volp11] (1738.00) Filing Fee. Receipt number A25590871. Fee amount $1738.00. (U.S. Treasury) Related: [-]

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