Epic Companies filing comes as creditors move to seize vessels, company defaults on debt and fires 400 workers.
- Co. says it owes creditors at least $145.6m after restructuring about $231.7 million in loans before filing for bankruptcy on Monday in Houston
- Plans to sell its assets within 65 days at an auction in which senior lender White Oak Global Advisors will act as the lead bidder by swapping $48.9m in debt for ownership, company says in court papers
- Before filing its Chapter 11 case, Epic faced claims from various creditors who tried to force the company into bankruptcy or went ...
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