Blackjewel LLC Files for Bankruptcy in West Virginia

July 1, 2019, 4:58 PM

The coal producer and several affiliates filed for bankruptcy protection.

  • Co. listed debt of as much as $1b and assets of as much as $500m in Ch. 11 documents filed Monday in U.S. Bankruptcy Court in West Virginia
  • Affiliates Blackjewel Holdings LLC, Revelation Energy LLC, Revelation Energy Holdings LLC and Revelation Management Corp., also sought protection
  • Co. is seeking permission to pay prepetition wages and benefits, claims of critical vendors, among others at its first-day hearing on July 1
  • Squire Patton Boggs is serving as legal adviser to Blackjewel, FTI Consulting has been retained as financial adviser and Jefferies LLC ...

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