Filing Alert: Paragon Industries Chapter 11

Paragon Industries, Inc., a Sapulpa, OK-based API-licensed manufacturer of OCTG and line pipe products for the oil and gas industry, filed for Chapter 11 protection on May 21 in the U.S. Bankruptcy Court for the Eastern District of Oklahoma.

The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-80433.

Top Unsecured Claims

Key Parties

Counsel:

• Clayton D. Ketter
• Phillips Murrah P.C.
• Email: cdketter@phillipsmurrah.com

Financial Advisor / CRO:

• D. R. Payne & Associates, Inc. (David R. Payne)

Signatories:

• Derek Wachob – President and Sole Director

Sole Shareholder:

• Paragon Intermediate Holdings, Inc.

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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