Filing Alert: US Magnesium Chapter 11
US Magnesium Files Chapter 11 in District of Delaware
US Magnesium LLC, a Salt Lake City, UT-based magnesium producer, filed for Chapter 11 protection on Sep. 10 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-11696.
Top Unsecured Claims
Key Parties
Counsel:
- Michael Busenkell
- Gellert Seitz Busenkell & Brown, LLC
- Email: mbusenkell@gsbblaw.com
Financial Advisor / CRO:
- Carl Marks LLC (Ron Mayo)
Investment Banker:
- SSG Advisors, LLC
Signatories:
- Ron Thayer – President
Claims Agent:
Equity Security Holders:
- The Renco Group, Inc. – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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