Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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May 12, 2015

Patriot Coal Corporation Chapter 11

From the Declaration in the Patriot Coal Chapter 11 filed today: "Patriot’s feasibility upon emergence from the 2012-13 Restructuring was predicated on assumptions about coal prices that ultimately did not to materialize. Notwithstanding the consummation of its prior chapter 11 cases, Patriot, like other coal industry leaders, has faced—and continues to face—strong headwinds as a result of the continued decline in domestic and foreign demand for coal, burdensome environmental regulations, and unsustainable further legacy and other non-operating liabilities."

  • Debtor Name:  Patriot Coal Corporation (Second Filing)
  • Year Filed:  2015
  • Jurisdiction:  United States Bankruptcy Court / Eastern District of Virginia
  • Asset Size:  Over 1 Billion, but less than 5 Billion
  • Case Number:  15-32450
  • Industry:  Energy, Metals/Mining

 

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