Filing Alert: White Forest Resources Chapter 11
White Forest Resources Files Chapter 11 in District of Delaware
White Forest Resources, Inc., a privately-held producer of premium metallurgical and thermal coals in the Central Appalachian coal basin, filed for Chapter 11 protection on Feb. 7 in the U.S. Bankruptcy Court for the District of Delaware.
White Forest Resources filed alongside affiliates Brier Creek Coal Company, LLC, Bull Creek Processing Company, LLC, Raven Crest Contracting, LLC, Raven Crest Leasing, LLC, Raven Crest Minerals, LLC, Raven Crest Mining, LLC, Shenandoah Energy, LLC, South Fork Coal Company, LLC, Xinergy Corp., and Xinergy of West Virginia, Inc.
The company reports $0 to $50,000 in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10195.
Top Unsecured Claims
Key Parties
General Bankruptcy Counsel:
- Alan M. Root
- Chipman Brown Cicero & Cole, LLP
- Email: root@chipmanbrown.com
Special Counsel:
- Jones & Associates
Financial Advisor:
- RK Consultants LLC
Claims Agent:
- Stretto
Signatories:
- Brian Ryniker – Chief Restructuring Officer
- Gregory A. Whirley, Jr. – Authorized Signatory
Equity Security Holders:
- SIPI Master LTD – 33.6% Equity Interest
- Shivash LLC – 21.8% Equity Interest
- Spectrum-KSS Mster SPC Ltd – 20.0% Equity Interest
- Spectrum Credit Opportunities Fund 2 – 12.4% Equity Interest
- Spectrum-WFR, LLC – 4.9% Equity Interest
- Vineyard Investment Company LLC – 4.1% Equity Interest
- Armory Credit Opportunity Fund LP – 1.3% Equity Interest
- Other minor holders – 1.9% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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