The Chapter 11 bankruptcy was filed as a result of $175 million in debt and with little cash reserves at $55,000. A couple of weeks ago I wrote about Westmoreland Coal from Colorado that had also filed for bankruptcy and is one of the oldest coal companies in the country.
It is predicted that within twelve years, one quarter of the coal plants in the United States will shut down.
With more than 800 workers, salary and pension funds will be affected due to the bankruptcy.
Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years.
(904) 712-5565 or (305)-688-LAWS (5297).
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