New Chapter 11 Filing – HighPoint Resources Corporation
On March 14, 2021, HighPoint Resources Corporation and its affiliates, a Denver, Colorado based company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10565). HighPoint Resources Corporation and its affiliates filed petitions under Chapter 11 to effectuate a previously announced prepackaged plan of reorganization and to consummate various transactions pursuant to an agreement and plan of merger executed on November 9, 2020. The Debtor reports $500 million to $1 billion in both assets and liabilities. A link to the HighPoint Resources Corporation petition and board resolutions can be found here.
Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.
Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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