Cambrian Holding Company Inc. must revise its request to auction off its assets in bankruptcy, according to secured and unsecured creditors of the Kentucky coal mining operator.
Cambrian, one of several coal producers that has filed for bankruptcy over the last 12 months, is seeking Aug. 6 approval of bidding and sale procedures from the U.S. Bankruptcy Court for the Eastern District of Kentucky.
Komatsu Financial LP and Caterpillar Financial Services Corp. each said in Aug. 2 court filings that they have liens against Cambrian secured by equipment in the coal miner’s possession. Cambrian cannot sell the equipment without the ...
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