Facing Eviction, Transmeridian Files For Ch. 11
The Houston-based company and two wholly owned subsidiaries, Transmeridian Exploration Inc./BVI and Bramex Management Inc., filed their voluntary petitions Friday in the U.S. Bankruptcy Court for the Southern District of Texas, citing assets of approximately $378 million and liabilities of $452 million.
The debtors continue to operate their businesses on a “limited” basis at this time, the...
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