New Delaware Chapter 11 Filing – Swift Energy Company (and Affiliates)
Swift Energy Company and eight of its affiliates, together constituting an oil and gas business operating in South Texas and Central and Southeast Louisiana, have commenced cases under Chapter 11 of the Bankruptcy Code by filing a petition for relief with the U.S. Bankruptcy Court for the District of Delaware. The Honorable Mary F. Walrath will preside over the cases, and the lead case is Case No. 15-12669 (MFW). The debtors have negotiated a restructuring support agreement, including an agreement for postpetition financing, with their senior creditors and filed a plan of reorganization. Additional documents are available from Kurtzman Carson Consultants, LLC.
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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