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ION Geophysical Corporation and I/O Marine Systems, Inc.

COURT
Texas Southern Bankruptcy Court
CASE NUMBER
4:2022bk30987
TYPE / CHAPTER
Voluntary / 11

Filed

4-12-22

Updated

10-20-24

Last Checked

5-9-22

Assets

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Liabilities

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Docket

Last Updated
Apr 14, 2022
Last Entry Filed
Apr 14, 2022

Docket Entries by Quarter

There are 20 older docket entries.

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Apr 12, 2022 19 Motion /Debtors' Emergency Motion for Entry of an Order (I) Extending Time to File (A) Schedules of Assets and Liabilities, (B) Schedules of Current Income and Expenditures, (C) Schedules of Executory Contracts and Unexpired Leases, (D) Statement of Financial Affairs, and (E) Rule 2015.3 Financial Reports and (II) Granting Related Relief Filed by Debtor ION Geophysical Corporation Hearing scheduled for 4/13/2022 at 01:30 PM, by telephone and video conference. (Preston, Katherine) Modified on 4/13/2022 (LinhthuDo). (Entered: 04/12/2022)
Apr 12, 2022 20 Motion /Debtors' Emergency Motion for Entry of an Order (I) Restating and Enforcing the Worldwide Automatic Stay, Anti-Discrimination Provisions, and Ipso Facto Protections of the Bankruptcy Code, (II) Approving the Related Form and Manner of Notice, and (III) Granting Related Relief Filed by Debtor ION Geophysical Corporation Hearing scheduled for 4/13/2022 at 01:30 PM, by telephone and video conference. (Preston, Katherine) Modified on 4/13/2022 (LinhthuDo). (Entered: 04/12/2022)
Apr 12, 2022 21 Motion Debtors' Emergency Motion for Entry of an Order Approving (I) (A) Bidding Procedures and (B) Assumption and Assignment Procedures; (II) Sale of Certain of the Debtors Assets Free and Clear of Liens, Claims, Interests, and Encumbrances; and (III) Granting Related Relief Filed by Debtor ION Geophysical Corporation Hearing scheduled for 4/13/2022 at 01:30 PM, by telephone and video conference. (Preston, Katherine) Modified on 4/13/2022 (LinhthuDo). (Entered: 04/12/2022)
Apr 13, 2022 22 Chapter 11 Plan of Reorganization Filed by GX Technology Corporation, I/O Marine Systems, Inc., ION Exploration Products (USA) Inc., ION Geophysical Corporation. (Preston, Katherine) (Entered: 04/13/2022)
Apr 13, 2022 Notice of Appearance and Request for Notice Filed by Hector Duran Jr (Duran, Hector) (Entered: 04/13/2022)
Apr 13, 2022 23 Disclosure Statement Filed by GX Technology Corporation, I/O Marine Systems, Inc., ION Exploration Products (USA) Inc., ION Geophysical Corporation. (Hardman, Carrie) (Entered: 04/13/2022)
Apr 13, 2022 24 Motion /Debtors Emergency Motion for Entry of an Order (I) Conditionally Approving the Adequacy of the Disclosure Statement, (II) Approving the Solicitation and Voting Procedures With Respect to Confirmation of the Debtors Joint Chapter 11 Plan, (III) Scheduling Certain Dates With Respect Thereto, (IV) Approving The Forms of Ballots and Notices in Connection Therewith, and (V) Granting Related Relief Filed by Debtors GX Technology Corporation, I/O Marine Systems, Inc., ION Exploration Products (USA) Inc., ION Geophysical Corporation (Hardman, Carrie) (Entered: 04/13/2022)
Apr 13, 2022 25 Motion /Debtors' First Omnibus Motion for Entry of an Order Authorizing (I) The Rejection of Certain Unexpired Leases and (II) The Rejection of Certain Executory Contracts, Each Effective as of April 12, 2022, and (III) Granting Related Relief Filed by Debtor ION Geophysical Corporation (Hardman, Carrie) (Entered: 04/13/2022)
Apr 13, 2022 26 Agenda for Hearing on 4/13/2022 (Filed By ION Geophysical Corporation ). (Hardman, Carrie) (Entered: 04/13/2022)
Apr 13, 2022 27 Motion to Appear pro hac vice for Timothy W. Walsh. Filed by Debtors GX Technology Corporation, I/O Marine Systems, Inc., ION Exploration Products (USA) Inc., ION Geophysical Corporation (Hardman, Carrie) (Entered: 04/13/2022)
Show 10 more entries
Apr 13, 2022 37 Motion to Appear pro hac vice of Uchechi Egeonuigwe. Filed by Interested Party Ad Hoc Group of First Lien Lenders and Second Lien Noteholders (Galardi, Gregg) (Entered: 04/13/2022)
Apr 13, 2022 38 Motion to Appear pro hac vice of Katharine E. Scott. Filed by Interested Party Ad Hoc Group of First Lien Lenders and Second Lien Noteholders (Galardi, Gregg) (Entered: 04/13/2022)
Apr 13, 2022 39 Notice of Appearance and Request for Notice Filed by Jason Starks Filed by on behalf of Travis County (Starks, Jason) (Entered: 04/13/2022)
Apr 13, 2022 40 Affidavit Re: First Day Motions, Declarations, and Agenda (Filed By Epiq Corporate Restructuring, LLC ).(Related document(s):3 Notice, 4 Declaration, 5 Generic Motion, 6 Declaration, 8 Generic Motion, 10 Generic Motion, 12 Generic Motion, 13 Generic Motion, 14 Generic Motion, 15 Generic Motion, 16 Generic Motion, 17 Generic Motion, 18 Generic Motion, 19 Generic Motion, 20 Generic Motion, 21 Generic Motion, 24 Generic Motion, 25 Generic Motion, 26 Agenda) (Garabato, Sid) (Entered: 04/13/2022)
Apr 13, 2022 41 Interim Order (I) Authorizing the Debtors to (A) Continue to Operate Their Cash Management System, (B) Maintain Existing Business Forms, and (C) Perform Intercompany Transactions and (II) Granting Related Relief, Signed on 4/13/2022 (Related document(s):8 Generic Motion) Hearing scheduled for 5/9/2022 at 03:30 PM at Houston, Courtroom 404 (MI). (TylerLaws) (Entered: 04/13/2022)
Apr 13, 2022 42 Order (I) Authorizing the Debtors to (A) Pay Prepetition Wages, Salaries, Other Compensation, and Reimbursable Expenses and (B) Continue Employee Benefits Programs and (II) Granting Related Relief (Related Doc # 10) Signed on 4/13/2022. (TylerLaws) (Entered: 04/13/2022)
Apr 13, 2022 43 Order (I) Authorizing the Payment of Certain Prepetition Taxes and Fees and (II) Granting Related Relief (Related Doc # 14) Signed on 4/13/2022. (TylerLaws) (Entered: 04/13/2022)
Apr 13, 2022 44 Order (I) Restating and Enforcing the Worldwide Automatic Stay, Anti-Discrimination Provisions, and Ipso Facto Protections of the Bankruptcy Code, (II) Approving the Related Form and Manner of Notice, and (III) Granting Related Relief (Related Doc # 20) Signed on 4/13/2022. (TylerLaws) (Entered: 04/13/2022)
Apr 13, 2022 45 Order (I) Extending Time to File (A) Schedules of Assets and Liabilities, (B) Schedules of Current Income and Expenditures, (C) Schedules of Executory Contracts and Unexpired Leases, (D) Statement of Financial Affairs, and (E) Rule 2015.3 Financial Reports and (II) Granting Related Relief (Related Doc # 19) Signed on 4/13/2022. (TylerLaws) (Entered: 04/13/2022)
Apr 13, 2022 46 Courtroom Minutes. Time Hearing Held: 1:32 pm - 3:35 pm. Appearances: See attached. Additional appearances: John Melko present. Witness Mike Morrison sworn in and testimony given. Exhibits admitted: ECF No. 4. Interim orders signed for: 8. Final orders signed for: 10, 14, 19, 20. Revised orders to be filed for: 5, 13, 15, 18. Motion 17 approved, order to be entered. Motion 12 orally authorized, amended order to be filed by counsel. Counsel to contact Case Manager Linhthu Do when filed. Hearing on 16 continued to 4/14/22 at 4:00 pm. Hearings on 21, 24 set for 4/22/22 at 1:30 pm. (Related document(s):5 Generic Motion, 8 Generic Motion, 10 Generic Motion, 12 Generic Motion, 13 Generic Motion, 14 Generic Motion, 15 Generic Motion, 16 Generic Motion, 17 Generic Motion, 18 Generic Motion, 19 Generic Motion, 20 Generic Motion, 21 Generic Motion, 24 Generic Motion) Hearing scheduled for 4/22/2022 at 01:30 PM at Houston, Courtroom 404 (MI). (TylerLaws) (Entered: 04/13/2022)

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This case is closed and is no longer being updated.

Case Information

Court
Texas Southern Bankruptcy Court
Case number
4:2022bk30987
Assets
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Liabilities
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Judge
Marvin Isgur
Chapter
11
Filed
Apr 12, 2022
Type
voluntary
Terminated
Oct 17, 2024
Updated
Oct 20, 2024
Last checked
May 9, 2022

Creditors

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Accounting Principals
ALDINE INDEPENDENT SCHOOL DISTRICT

Parties

Debtor

ION Geophysical Corporation
4203 Yoakum Blvd.
Suite 100
Houston, TX 77006
HARRIS-TX
Tax ID / EIN: xx-xxx6646

Represented By

Carrie V. Hardman
Winston Strawn LLP
200 Park Ave
New York, NY 10016
212-294-6700
Email: chardman@winston.com
Katherine A Preston
Winston Strawn
800 Capitol St.
Suite 2400
Houston, TX 77002-2925
713-651-2699
Email: kpreston@winston.com

Debtor

I/O Marine Systems, Inc.
5000 River Road
Harahan, LA 70123
OUTSIDE U. S.
United States
Tax ID / EIN: xx-xxx3230

Represented By

Katherine A Preston
(See above for address)

Debtor

GX Technology Corporation
4203 Yoakum Blvd.
Suite 100
Houston, TX 77006
OUTSIDE U. S.
United States
Tax ID / EIN: xx-xxx0115

Represented By

Katherine A Preston
(See above for address)

Debtor

ION Exploration Products (USA) Inc.
4203 Yoakum Blvd.
Suite 100
Houston, TX 77006
OUTSIDE U. S.
United States
Tax ID / EIN: xx-xxx1394

Represented By

Katherine A Preston
(See above for address)

U.S. Trustee

US Trustee
Office of the US Trustee
515 Rusk Ave
Ste 3516
Houston, TX 77002
713-718-4650

Represented By

Hector Duran, Jr
U.S. Trustee
515 Rusk
Ste 3516
Houston, Tx 77002
7137184650
Email: Hector.Duran.Jr@usdoj.gov
Ha Minh Nguyen
Office of the United States Trustee
515 Rusk St
Ste 3516
Houston, TX 77002
202-590-7962
Email: ha.nguyen@usdoj.gov

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