📉Bankruptcy & Restructuring today
New Delaware Chapter 11 Filing – First River Energy LLC.
First River Energy, LLC, a midstream energy company based in San Antonio, TX, has filed a petition for relief under Chapter 11. in the Bankruptcy Court for the District of Delaware (Case No. 18-10080).
First River Energy expanded substantially in 2015 when it received an equity investment from RWE Supply & Trading and acquired the San Antonio-based Texas Gathering Company.
The Petition estimates First River Energy’s assets and liabilities to both be between $10–$50 million.
New Delaware Chapter 11 Involuntary Filing – Oak HRC New Castle, LLC.
On January 12, 2018, an involuntary chapter 11 petition was filed against Oak HRC New Castle, LLC, a rehabilitation facility located in Wilmington, Delaware, and health care business (as defined in 11 U.S.C. 101(27A)).
The petitioners, each asserting trade claims, are: Healthcare Services Group, Inc. ($164,712.80), McKesson Medical-Surgical Minnesota Supply Inc. ($63,291.25), and Medline Industries, Inc. ($34,524.76).