May 19, 2025
The proposed sale procedures for Heritage Coal, a bankrupt mining operation, received approval Monday from a Delaware bankruptcy judge, who overruled objections from the company's previous owners to certain deadlines.
May 15, 2025
A Delaware bankruptcy judge expressed doubts Thursday about the viability of a Chapter 11 settlement proposed by Heritage Coal that would resolve a foreclosure action undertaken by secured lenders, saying that the deal was negotiated without a proper investigation into the liens and causes of action tied to the collateral.
May 05, 2025
Counsel for the owners of Heritage Coal told a Delaware bankruptcy judge on Monday that if secured and unsecured creditors cannot reach a deal by Tuesday, the company will have to move to convert its bankruptcy from a Chapter 11 to a Chapter 7 liquidation.