Rockdale Bankruptcy | Free Claim Evaluation
Rockdale Marcellus LLC and Rockdale Marcellus Holdings LLC (referred to collectively as “Rockdale”) owns and operates 66 shale gas producing wells across roughly 42 thousand acres. In September 2021, Rockdale filed for Chapter 11 bankruptcy in the Western District of Pennsylvania (“the Rockdale Bankruptcy”).
Rockdale’s bankruptcy filings reflect that nearly 2,000 businesses and individuals may be owed money in the bankruptcy proceedings. Any business or individual who believes they are owed money by Rockdale should take immediate action to ensure they receive what they may be owed through the Rockdale Bankruptcy. In many instances, these individuals and businesses are required to file a “proof of claim” with the bankruptcy court stating the amount they may be owed and the basis for the claim. Failure to file a proof of claim by the deadline fixed by the court might result in the loss of the money you or your company may be owed. Rockdale has filed a motion with the court to set a deadline for claims to be filed in the Rockdale Bankruptcy. Rockdale is proposing a 12/10/2021 deadline.
The lawyers at Peiffer Wolf Carr Kane & Conway (“Peiffer Wolf”) represent individuals and businesses in bankruptcy cases. Our goal is to ensure that our clients receive every dollar they possibly can through the bankruptcy process. If you believe that you or your business may be owed money in the Rockdale Bankruptcy, you should contact the attorneys of Peiffer Wolf for a FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
The Rockdale Bankruptcy | What Happened & Do You Have a Claim?
According to the bankruptcy filings, the company the company estimates its assets to be between $100 and $500 million. Rockdale estimates its liabilities to fall between $100 – $500 million as well. The company owes at least $58 million to unsecured creditors. Rockdale has told the court that it plans sell most of its assets via auction in December, and it plans to settle its debts from the funds raised through the auction. A substantial portion of the company’s liabilities are owed on royalties to individuals for its well production.
Rockdale has filed a motion with the Bankruptcy court to set a 12/10/2021 deadline for Rockdale’s creditors to file proofs of claim. Anyone who believes they may be owed money by Rockdale should take action.
The fact that you or your business may be listed as a creditor in the Rockdale Bankruptcy does not mean you have been sued. Neither you nor your business is required to take action; however, failure to do so may result in no recovery of what you may be owed in the bankruptcy proceeding.
If you want your case reviewed, the attorneys at Peiffer Wolf will discuss your possible recovery options with you at no charge. Contact us for your FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
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