New Delaware Chapter 11 Filing – Alcor Energy LLC
Alcor Energy, LLC filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12839). According to the First Day Declaration , the Debtor commenced this case to effectuate a balance street restructuring necessitated by a number of factors, including ongoing litigation and threatened litigation. The Debtor is seeking $695,000 of debtor-in-possession financing , and filed a motion to reject its office and warehouse space contemporaneously with the petition. The Debtor also requested that no official committee of unsecured creditors be appointed in this case. No claims and noticing agent has been proposed. The case has been assigned to the Honorable Christopher S. Sontchi.
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.
Join Our Mailing List
Stay up to date with the latest insights, events, and more