New Chapter 11 Filing – PES Holdings, LLC
PES Holdings, LLC, along with seven of its affiliates, has filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11626). The filing comes approximately one and half years after the Debtors previous filed under chapter 11 (Lead Case No. 18-10122). The Debtors report an estimated $1B-10B in both assets and liabilities. The Debtors have proposed Omni to serve as the claims agent. The cases have been assigned to the Honorable Kevin Gross.
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