Ch. 11 No Easy Way Out For Bankrupt Coal Cos.

Law360, New York (August 5, 2015, 11:56 AM EDT) -- Stiffer environmental regulations, competition from cheap natural gas and bad strategic bets have helped push a slew of U.S. coal companies into bankruptcy, but their exit paths are pockmarked with obstacles that include mandated legacy employee and cleanup costs and an ever-shrinking pool of potential buyers.

On Monday, Alpha Natural Resources Inc., one of the largest coal producers in the U.S., became the latest coal company to file for Chapter 11 bankruptcy protection. It joins Patriot Coal Co., Walter Energy, JW Resources Inc. and Xinergy Ltd. on the list of coal producers that have gone the Chapter 11 route in 2015....

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