Patriot coal filing bankruptcy 2015

patriot coal filing bankruptcy 2015

Déjà vu. In a déjà vu move, Patriot Coal filed for bankruptcy under Chapter 11 of the United States Bankruptcy Code on Tuesday, May This is the second time the company has filed for Distress in the coal sector sent Patriot back to chapter 11 bankruptcy protection in May, less than two years after an earlier pass through bankruptcy failed to get its balance sheet in line with the market. The troubles that continued to dog Patriot and others in the sector have provided buying opportunities for Blackhawk, of Lexington,  · Patriot Coal Corp. joined at least a half-dozen other mining companies in bankruptcy court, filing for protection for the second time in less than three years amid a slump in the price of the

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