A bankruptcy judge today in West Virginia approved a motion on behalf of Blackjewel, Llc. It was an, ‘Emergency Motion For an Order Authorizing Debtors to Obtain Interim Junior, Postpetition Financing From New DIP Lenders.’ Blackjewel secured a short-term loan in the amount of $2,900,000 from two lenders, Highbridge Capital & Management, LLC and (ii) […]
Company Discusses Permit Holder Obligations for Powder River Basin Mines
Black Jewel Ch. 11 – Emergency Bankruptcy Hearing Underway NOW – Judge Considers Interim, Junior, DIP Financing In Bid To Buy A Few Extra Days For Black Jewel To Find Permanent Solution
The emergency hearing also comes on a day when Black Jewel employees learned their health-care and medical coverage had been dropped with medical facilities refusing Black Jewel employee’s insurance and demanding payment for medical services in cash. The court is now in recess for thirty minutes as the issue of which creditors will be given […]
Attorneys General For Virginia & Kentucky Plead With Judge For Relief To Miners Hung Out To Dry By Black Jewel’s Incompetence
In a joint letter to the bankruptcy court handling the Chapter 11 proceedings of Black Jewel, LLC, The Attorneys General of Virginia and Kentucky pleaded with the Hon. Matthew J. Hayes to provide relief for hundreds of miners and their families facing catastrophe after Black Jewel abruptly filed for bankruptcy two weeks ago. The checks […]
The latest Campbell County Most Wanted poster. If you have information on any of these individuals, you can call or text Crime Stoppers at (307) 228-4276. You can also use the online reporting form.Click here for more information on this alert.