June 07, 2024
A Delaware bankruptcy judge said Friday that bankrupt mining operation Allegiance Coal USA can begin to pay approximately $5.7 million in professional fees using cash left in its estate after its Chapter 11 reorganization bid flopped.
May 01, 2024
A secured lender of bankrupt mining operation Allegiance Coal USA objected to the $5.2 million in expense fees requested by the debtor's professionals, telling a Delaware bankruptcy court that the ask is "outrageous," especially since the firms failed in their quest to land a going-concern sale.
April 02, 2024
Bankrupt mining operation Allegiance Coal USA received permission Tuesday from a Delaware judge to begin a two-step dismissal of its Chapter 11 cases one week after the court tossed a lender adversary action.
March 08, 2024
A Delaware bankruptcy judge on Friday declined to rule on a petition from mining company Allegiance Coal USA to toss its debtor-in-possession lender's adversary proceeding demanding $1.8 million in fees, allowing more time to determine whether the fees have priority over the rest of the debtor's obligations.
February 15, 2024
Debtor-in-possession lenders of bankrupt mining operation Allegiance Coal USA Ltd. have filed a Chapter 11 adversary suit in Delaware, saying the company has not paid them $1.8 million in fees owed under a court-approved DIP loan order.
February 23, 2023
An Australian company that operates two American coal mines received permission Thursday in a Delaware bankruptcy court to use the cash collateral of its lenders as it deals with a dispute over royalty payments to a mine lessor that threatened its operations.