BOS Solutions Files for Bankruptcy to Shield U.S. Assets

BOS Solutions Ltd. and related entities file for Chapter 15 bankruptcy, which is designed to protect U.S. assets while the company restructures in Canada.

• BOS, which filed the bankruptcy petition in Houston, helps oil and gas drillers recycle fluid needed to create new wells, according to court papers
• Co. was placed into receivership in Canada at the behest of National Bank of Canada, who is acting as agent under for a group of lenders including HSBC Bank Canada, TD Bank and itself, per court papers
  • Following multiple events of default by BOS, National Bank of Canada alleges the ...