Bankrupted D&L Energy Trying to Auction Off Assets

From Business Journal Daily:
D&L Energy Inc. says the company it hired to market its assets has received signed confidentially agreements from 44 potential bidders and wants U.S. Bankruptcy Court to approve an auction Nov. 13.
D&L filed for bankruptcy reorganization in April after its employees were caught illegally dumping brine waste into a sewer drain at its Salt Springs Road headquarters, and criminal charges were filed. In court documents, the company stated it owes more than $5.2 million to its 20 largest creditors.
Read the rest of that article here, and find out who is objecting to D&L's auction idea.

Connect with us on Facebook and Twitter!

Popular posts from this blog

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?

Pennsylvania Operator To Acquire Three Natural Gas Producers