One of the Oldest Coal Companies in the U.S. Files for Bankruptcy
Westmoreland Coal Company based out of Englewood, Colorado, has filed for bankruptcy under Chapter 11. Westmoreland is one of the oldest coal companies in the country has more than $1.4 billion in outstanding debt and $770 million in assets.
Westmoreland has mines located in Montana, Wyoming, New Mexico, Ohio, North Dakota and Texas, and a coal-fired power plant in North Carolina.
With Westmoreland’s bankruptcy, this marks the fourth coal company to file for bankruptcy in three years which includes, Peabody Energy Corp., Arch Coal and Alpha Natural Resources.
Alexander Hernandez, Esq.
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One of the Trustees in the Southern District of Florida in Miami, always starts the 341 meetings by stating that he has caught prior debtors committing fraud and they have been sentenced to jail.
Alexander Hernandez has been representing clients since 1999 in the areas of Chapter 7 Bankruptcy, Family Law, and Personal Injury.
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