New Chapter 11 Filing – UTEX Industries, Inc.
On October 8, 2020, UTEX Industries, Inc. and certain of its affiliates, filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case 20-34932). The Debtors, along with their approximately 500 employees, design, manufacturer, and sell custom-engineered and specialty sealing components, primarily for the oil and gas extraction market. UTEX Industries reports $100 to $500 million in assets and $500 million to $1 billion in debt. Additional information is available in the Debtors’ first day declaration.
Cole Schotz does not represent the Debtors in these cases. 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.
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