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February 09, 2010

Age Refining, Inc. Files For Chapter 11

San Antonio-based, Age Refining, Inc., filed for chapter 11 bankruptcy at the United States Bankruptcy Court, Western District of Texas. The debtor, a manufacturer of fuels and solvents, owns and operates a petroleum refinery with two processing facilities. They employ approximately 80 people.

According to Court documents, the debtor estimates total liabilities of $148 million. The top unsecured creditor is listed as Shell Trading (US) Company with a trade claim of approximately $10.8 million.

The debtor is represented by Cox Smith Matthews Incorporated.