Shutterstock
Hornbeck Offshore Services Inc (OTCQB: HOSS) as well as 14 associated borrowers the other day submitted volunteer requests for alleviation under Chapter 11 of theUnited States Bankruptcy Code The borrowers’ personal bankruptcy instances are pending joint management underCase No 20-32679 prior to the Honorable David R. Jones in the United States Bankruptcy Court for the Southern District of Texas.
This follows Hornbeck’s earlier news that it was discussing a restructuring arrangement with lending institutions as well as meant to begin a volunteer packaged Chapter 11 strategy of reconstruction.
The business means to demand that the personal bankruptcy court assemble a hearing to accept the competence of its disclosure declaration as well as verify the strategy of reconstruction on June 19, 2020, based on the accessibility of the personal bankruptcy court.
More info on the instance HERE.
