Creditors Pushing Ky. Coal Miner Toward Ch. 11
Black Diamond’s lenders, CIT Capital USA Inc., The CIT Group/Commercial Services Inc. and the Prudential Insurance Co. of America, on Tuesday filed an involuntary petition in the U.S. Bankruptcy Court for the Eastern District of Kentucky on behalf of Black Diamond Mining and six related companies, all owned by Black Diamond Resources LLC.
The lenders also filed a motion...
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