Bankrupt Green Field Aims For $50M Equipment Sale

Law360, Wilmington (February 7, 2014, 8:59 PM EST) -- Bankrupt oil services company Green Field Energy Services Inc. asked the Delaware bankruptcy court Friday to approve the sale of some of its equipment, with a unit of Gordon Brothers Group acting as sales agent and guaranteeing a $50 million price.

In a motion before the U.S. Bankruptcy Court for the District of Delaware, Green Field sought to have bid procedures approved that would name Boston-based Gordon Brothers Commercial & Industrial LLC as the sales agent with options for the debtor to take a better agent...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Green Field Energy Services, Inc.


Case Number

1:13-bk-12783

Court

Delaware

Nature of Suit

Date Filed

October 27, 2013

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.