Penn Virginia Seeks Bankruptcy Protection
Penn Virginia Corporation ("Penn Virginia") filed for protection under chapter 11 of the Bankruptcy Code as the energy provider struggled to reorganize its debt. Penn Virginia's bankruptcy petition indicated that it has 200 to 999 creditors, assets estimated at $500,000,000 to $1 billion, and liabilities estimated at $1 billion to $10 billion.
Alpha Natural Resources, Inc. Seeks Bankruptcy Protection
Alpha Natural Resources, Inc. filed for protection under chapter 11 of the Bankruptcy Code as the coal provider struggled to reorganize its debt. Alpha Natural Resources' bankruptcy petition indicated that it has 5,001 to 10,000 creditors, assets estimated at over $1 billion and liabilities estimated at over $1 billion.