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Mogul Energy Chapter 7 Bankruptcy Liquidation

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Mogul Energy International filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 17-35467.

The Company, which provides oil and gas exploration and development, is represented by Timothy Webb of Webb Associates. According to documents filed with the Court, “After any administrative expenses are paid, no funds will be available for distribution to unsecured creditors.”

The Chapter 7 petition further indicates that Mogul Energy International owns two properties in Texas that pose, or are alleged to pose, a threat of imminent and identifiable hazard to public health or safety as a result of water and soil contamination.

Read more energy bankruptcy news.

The post Mogul Energy Chapter 7 Bankruptcy Liquidation appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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