TPC Group Inc. Creditors' Committee

Case No. 22-10493


Case Information

On June 1, 2022 (the “Petition Date”), TPC Group Inc. and certain of its affiliates (collectively, “TPC” or the “Debtors”) filed voluntary cases under chapter 11 of the Bankruptcy Code (the “Chapter 11 Cases”) in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).  TPC’s cases have been assigned to the Honorable Craig T. Goldblatt, and are jointly administered under Case No. 22-10493.  The case docket can be accessed through the link on the left.

This website is maintained by the Official Committee of Unsecured Creditors (the “UCC”) and Kroll Restructuring Administration (“Kroll”), the Debtors’ claims and noticing agent, and was created to provide information regarding the Chapter 11 Cases and assist creditors in understanding the bankruptcy process.  It is maintained for informational purposes only and does not contain official Bankruptcy Court records.

The Official Committee of Unsecured Creditors

On June 14, 2022, the United States Trustee for Region 3 (the “U.S. Trustee”) appointed the UCC to represent the interests of all of the Debtors’ unsecured creditors.  The Bankruptcy Court approved the UCC's applications to retain legal counsel and a financial advisor, the contact information for which is available at the bottom of this page.

Inquiries

If you are a creditor and you have questions about the Chapter 11 Cases, you may submit an inquiry to the UCC by sending an email to TPCCreditorInfo@akingump.com or calling 212-872-1000.  You may also submit an inquiry to Kroll using the contact information in the "Info Center" box on the right.

Confirmation of the Debtors' Plan

On September 27, 2022, the Bankruptcy Court entered an order approving the Debtors’ disclosure statement, which provides information about the Chapter 11 Cases and the Debtors’ plan of reorganization (the “Plan”), as proposed as of such date. Thereafter, and following months of hard-fought negotiations, the UCC and certain law firms representing more than 90% of the plaintiffs in the multi-district litigation pending in Texas state court related to the November 27, 2019 explosions at the Debtors’ chemical processing plant in Port Neches, Texas reached a settlement (the “Plan Settlement”) with the Debtors and their key stakeholders that was incorporated into a modified Plan.

On November 9, 2022, the Bankruptcy Court approved certain supplemental disclosures regarding the Plan Settlement and the modified Plan, including a letter from the UCC (the “UCC Letter”) summarizing the key terms of the Plan Settlement and the treatment of unsecured creditors under the Plan.

On December 1, 2022, the Bankruptcy Court entered an order confirming the Plan.

Key upcoming dates and deadlines are included in the Case Calendar below. Additional documents related to the Plan can be accessed here.

Deadline to File Claims

On June 30, 2022, the Bankruptcy Court entered an order (the "Bar Date Order") establishing the following deadlines for filing proofs of claim against the Debtors:

  • Claims Bar Date: August 5, 2022, at 5:00 p.m. (ET)
  • Governmental Bar Date: November 30, 2022, at 5:00 p.m. (ET)

Please click here for FAQs concerning the Bar Date, the process for filing claims and the Chapter 11 Cases.

Submit a Claim

Instructions for how to submit a claim are available here.

Case Calendar and Key Dates

Click here for a detailed calendar with upcoming dates and deadlines in the Chapter 11 Cases.


Dates

+ SHOW ALL DATES
August 5 2022 5:00 p.m. (ET)
Claims Bar Date Add to Calendar
September 13 2022 10:00 a.m. (ET)
Omnibus Hearing Add to Calendar
September 22 2022 9:00 a.m. (ET)
Disclosure Statement Hearing Add to Calendar
October 13 2022 11:00 a.m. (ET)
Omnibus Hearing Add to Calendar
October 24 2022 4:00 p.m. (ET)
Confirmation Objection Deadline Add to Calendar
October 27 2022 2:00 p.m. (ET)
Omnibus Hearing Add to Calendar
October 28 2022 4:00 p.m. (ET)
Plan Voting Deadline Add to Calendar
November 22 2022 4:00 p.m. (ET)
Plan Objection Deadline Add to Calendar
November 22 2022 4:00 p.m. (ET)
Voting Deadline Add to Calendar
November 30 2022 10:00 a.m. (ET)
Confirmation Hearing Add to Calendar
November 30 2022 5:00 p.m. (ET)
Governmental Bar Date Add to Calendar

What is an Official Committee of Unsecured Creditors?

At the beginning of complex chapter 11 cases, the U.S. Trustee appoints an official committee of unsecured creditors to represent the interests of all unsecured creditors. The U.S. Trustee’s selection of members is generally based upon the size of the members’ claims as listed by the debtors on their petitions for relief and on the U.S. Trustee’s desire to appoint members from multiple creditor constituencies.

The UCC’s role in the chapter 11 process is multifaceted and includes, among other responsibilities, analyzing and reviewing information about the Debtors, monitoring the Debtors’ activities and financial condition and participating in the development and negotiation of a chapter 11 plan. The UCC will be authorized to hire counsel and financial advisors to assist it in fulfilling its duties. Importantly, the UCC’s advisors represent the UCC, and do not represent and cannot provide legal advice to individual unsecured creditors.

What is the U.S. Trustee?

The U.S. Trustee is a branch of the Department of Justice. Its duties include, among others, monitoring the Chapter 11 Cases, appointing a committee to represent the interests of unsecured creditors, ensuring that each Debtor properly files its schedules of assets and liabilities, statements of financial affairs and monthly operating reports and reviewing applications to retain and compensate professionals.

Section 341 Meeting of Creditors

In accordance with Bankruptcy Code section 341, on July 7, 2022, the U.S. Trustee conducted a meeting of creditors, referred to as the “Section 341” meeting. The Section 341 meeting may be continued to a date to be determined. Creditors are not required to attend this meeting, but have the right to do so. Attendance at the meeting does not impact a creditor’s rights in any way. The Debtors’ counsel and the U.S. Trustee are both present at this meeting to provide information about the Chapter 11 Cases and the Debtors’ affairs. Both parties are available to answer creditors’ questions. A representative of the Debtors also appears and testifies under oath. No judge is present and no decisions about the Chapter 11 Cases are made during this meeting. Those who attend may ask questions regarding the Debtors’ affairs and the Chapter 11 Cases.

Parties

The UCC’s Advisors

Lead Counsel

Akin Gump Strauss Hauer & Feld LLP
One Bryant Park
New York, NY 10036
https://www.akingump.com
T: (212) 872-1000
F: (212) 872-1002
Philip C. Dublin
Naomi Moss
Edan Lisovicz

Delaware Counsel

Cole Schotz, P.C.
500 Delaware Avenue, Suite 1410
Wilmington, Delaware 19801
https://www.coleschotz.com
T: (302) 652-3131
F: (302) 652-3117
Justin R. Alberto
Patrick J. Reilley 
Andrew J. Roth-Moore 

Financial Advisor

Dundon Advisers LLC
Ten Bank Street, Suite 110
White Plains, NY 10606
https://dundon.com
T: (914) 341-1188
F: (212) 202-4437
Matthew Dundon

Other Parties

Debtors’ Counsel 

Baker Botts L.L.P.
30 Rockefeller Plaza
New York, NY 10012
https://www.bakerbotts.com/
T: (212) 408-2500
F: (212) 259-2501
Scott R. Bowling

Baker Botts L.L.P.
2001 Ross Avenue
Suite 900
Dallas, TX 75201-2980
https://www.bakerbotts.com/
T: (214) 953-6500
F: (214) 953-6503
James R. Prince
Kevin Chiu

Baker Botts L.L.P.
910 Louisiana Street
Houston, TX 77002
https://www.bakerbotts.com/
T: (713) 229-1234
F: (713) 229-1522
David R. Eastlake
Lauren N. Randle

Morris, Nichols, Arsht & Tunnell LLP
1201 N. Market St., 16th Floor
PO Box 1347
Wilmington, DE 19899-1347
https://www.morrisnichols.com/
T: (302) 658-9200
F: (302) 658-3989
Robert J. Dehney
Curtis S. Miller

U.S. Trustee and Bankruptcy Court

Office of the United States Trustee
844 King Street
Suite 2207
Wilmington, DE 19801
https://www.justice.gov/ust-regions-r03/region-3-district-delaware
T: (302) 573-6491
F: (302) 573-6497
Richard L. Schepacarter
Rosa Sierra-Fox

United States Bankruptcy Court
District of Delaware
824 Market Street North, 3rd Floor
Wilmington, DE 19801
http://www.deb.uscourts.gov/