August 15, 2019
“According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the… Continue Reading…
June 25, 2019
“Legacy Reserves (LGCY -12.8%) expects there will be no recovery for shareholders as it files for Chapter 11 bankruptcy, as expected, to facilitate its previously negotiated financial restructuring. LGCY’s largest investor, Baines Creek Capital, recently launched a proxy fight to replace the… Continue Reading…
June 17, 2019
” Legacy Reserves Inc.’s stock LGCY, -16.33% plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an effort to facilitate the implementation of a restructuring agreement with its lenders. Trading volume… Continue Reading…
March 11, 2019
“…most companies (if given the choice) prefer Chapter 11 to other bankruptcy provisions such as Chapter 7 and Chapter 13, which cease company operations and lead to the total liquidation of assets to creditors. Filing for Chapter 11 gives companies one last… Continue Reading…
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