The Week In Bankruptcy: Energy Drags, Retail Catches Breaks
Law360 (July 31, 2020, 7:27 PM EDT) -- The prolonged depression in energy commodity prices continued to plague the exploration and production sector last week as new insolvency cases opened in various jurisdictions. Retail's woes dragged on as well, yet some shops were able to catch breaks on lease obligations while others moved forward with asset sales.
Offshore oil drilling company Noble Corp. filed for bankruptcy Friday, becoming the latest energy firm to fall victim to depressed commodity prices for oil and natural gas. It has a plan to exchange $3.4 billion in secured bond debt for equity in a reorganized company.
Rosehill Resources Inc. fell into bankruptcy on July...
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