bankruptcy blog

In a story that has been unfolding over the last 4 years, students who were defrauded by colleges are still waiting to have their debt forgiven. The problem stems from a string of for-profit colleges, mainly Corinthian College, which closed in 2015. The next year, the Department of Education announced they would allow borrowers who  … Read more

While the energy company bankruptcy onslaught has slowed dramatically, some upstream companies are still struggling to fund ongoing operations. This week, the Houston-based upstream oil and gas company, Cobalt International Energy Inc., filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. Cobalt International Energy Inc. is an  … Read more

On December 7th, 2017, the Chattanooga, Tennessee based architectural and structural metal Manufacturing Company named Lectrus Corporation filed a voluntary petition for Chapter 11 bankruptcy protection with the U.S, Bankruptcy Court in the Eastern District of Tennessee. This move normally wouldn’t be newsworthy in Houston Bankruptcy news, however, this particular company has a manufacturing plant  … Read more

On November 26th, 2017, a manufacturer and fabricator of self-sealing and crash resistant aviation fuel cells based in Wichita Falls, Texas, filed for Chapter 11 bankruptcy with the U.S. bankruptcy Court in  the Northern District of Texas. The privately-held company, called Amfuel, also has a production facility in Magnolia, Texas and employs around 200 people.  … Read more