New Delaware Chapter 11 Filing – Great Eastern Energy
GEEnergy Holding Co. LLC, along with its wholly owned operating subsidiary, BBPC LLC (dba Great Eastern Energy), has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10303). Headquartered in Brooklyn, NY, Great Eastern Energy is a non-utility retailer of electricity and natural gas operating in New York, New Jersey, Massachusetts and Connecticut. The First Day Declaration explains that the Debtors have filed for chapter 11 protection as a result of increased competition and declining margins, and intend to sell substantially all of their assets under section 363 of the Bankruptcy Code. Omni Management Group is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin J. Carey.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.
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