In the wee hours of July 1, Blackjewel made an emergency bankruptcy filing. Later in the day, the company closed its two giant operations in the Powder River Basin in Wyoming, sending hundreds of workers home even as paychecks started bouncing.

Sep 3, 2019 On July 1st, the nation's sixth-largest coal company, Blackjewel LLC, declared bankruptcy without warning, leaving 1,700 employees out of

Credit: Scott Olson/Getty Images Related 2019-08-07 · On July 1, coal companies Blackjewel and Revelation Energy announced they were entering Chapter 11 bankruptcy. The announcement is one in a long string of bankruptcies plaguing the coal industry, though this bankruptcy is unfolding differently than others — mines shut down immediately, workers had paychecks retroactively withdrawn from accounts, and Jeff Hoops, the founder and leader of the The Blackjewel coal mining company can walk away from cleaning up and reclaiming coal mines covered by more than 30 permits in Kentucky under a liquidation agreement reached Friday in federal bankruptcy court in Charleston, West Virginia, attorneys participating in the case said. 2019-07-09 · That October, Revelation Energy, an affiliate of Blackjewel that also filed for Chapter 11 bankruptcy July 1, began quietly transferring a number of its Virginia mining permits to Blackjewel, in a sign that it may have been thinking of dividing up its assets between the two. He said Blackjewel’s bankruptcy has been unusually chaotic. “How do you get this far behind on your payments with $100,000 in the bank and not think you’re getting close to bankruptcy?” he asked. At the Saturday hearing, Blackjewel’s lawyers told the court that without another infusion of cash, it can’t pay its Appalachian employees. 2021-03-26 · Much of Blackjewel’s former coal empire in Virginia remains in disarray, even as a federal judge signed off on a bankruptcy settlement this week.

Blackjewel mining bankruptcy

An equipment loan from Fifth Third Bank landed Blackjewel in court with the bank. Upon petitioning for bankruptcy, Blackjewel said it owed $7,342,828.88 to the bank in the judgment in that lawsuit and in prejudgment interest. When an individual claims they're bankrupt, it's typically a Chapter 13 bankruptcy, according to the United States Courts website. Learn the pros and cons of a Chapter 13 bankruptcy. Personal Bankruptcy - Bankruptcy alternatives include negotiating with creditors or being found judgment proof. Learn about bankruptcy alternatives, personal bankruptcy and Chapter 7. Advertisement By: Jacob Silverman & Ed Grabianowski Fili Bankruptcy is a process designed to help a person or business discharge debts and get a financial fresh start.

He said Blackjewel’s bankruptcy has been unusually chaotic. “How do you get this far behind on your payments with $100,000 in the bank and not think you’re getting close to bankruptcy?” he asked. At the Saturday hearing, Blackjewel’s lawyers told the court that without another infusion of cash, it can’t pay its Appalachian employees.

2020-12-22 · Unpaid miners blocking the tracks in 2019. CHARLESTON, WVa. — A federal bankruptcy judge has denied a petition from former Blackjewel coal executive Jeff Hoops to liquidate the company. One group of miners, formerly employed by Blackjewel, now want what the bankrupt coal mining operation owed them: an estimated $2.6 to $5.5 million in back wages. Now, Blackjewel’s parent company, Revelation Energy, is in the final stages of a case in bankruptcy court, looking to terminate the permits on its more than 500 surface mines.

If the process of filing a bankruptcy has left you wondering what all is involved, now's the time to learn. While the steps leading up to the actual event are rather involved, there are still some If the process of filing a bankruptcy ha

Following the company's bankruptcy, former coal miners did not receive payment for several weeks of work, leading to many miners protesting by blocking a coal train on tracks in the county. Coal producer Blackjewel LLC sought bankruptcy protection on Monday to buy time to reorganize or find a buyer, citing its inability to refinance debt and challenges such as rising black-lung costs A series of transactions would compensate Blackjewel workers including in Harlan County, Ky., who protested when they were left unpaid because of the company’s bankruptcy. 2019-07-01 · Blackjewel Holdings, LLC, filed Chapter 11 bankruptcy July 1 in U.S. Bankruptcy Court for the Southern District of West Virginia. The order was signed this morning by Blackjewel President and CEO Jeff Hoops.

Jul 30, 2019 Coal miners angry about a lack of pay during Blackjewel LLC's bankruptcy are preventing a train from leaving one of its Kentucky mines, Jul 22, 2020 Within days, hundreds of Blackjewel miners in the Powder River Basin and Appalachia reported money “disappearing” from their bank accounts Jul 1, 2019 Blackjewel LLC, which operates the Eagle Butte and Belle Ayre mines in Campbell County and 30 other properties around the country, filed Feb 9, 2021 According to the proposed settlement, two main categories in this case apply under bankruptcy law. Oct 27, 2019 Coal miners from Blackjewel coal company pass time chatting on the railroad tracks that lead to one of the company's mines on August 08, Jul 3, 2019 Mine owner Blackjewel LLC of Milton, W.Va., says it has filed for Chapter 11 bankruptcy protection.
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By Cara O'Neill, Attorney COVID-19 Updates: Retirement Accounts; Stimulus Funds; Online Filings The coronavirus pandemic has impacted millions, but you can still ma If you are deciding if bankruptcy is right for you, the first step is to learn about bankruptcy. Here you'll find overview articles explaining what bankruptcy is, the difference between Chapter 7 and Chapter 13 bankruptcy, how each type of Understanding bankruptcy can be complicated, we are here with understanding what bankruptcy is, when it makes sense to file for it and how to recover after.

The decision means the reorganization of the company Belle Ayr and the adjacent Eagle Butte mine shuttered a few hours after its operator, Blackjewel LLC—the country's sixth-largest coal producer—abruptly filed for bankruptcy protection.
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Blackjewel is the sixth coal producer in Wyoming to file for bankruptcy in recent years. Bristol, Tennessee-based Alpha Natural Resources filed for bankruptcy in 2015, followed by Peabody Energy

Miners left unpaid by the bankrupt Blackjewel coal company say they are prepared to keep up their protest on railroad tracks in Harlan County, Kentucky, where they are blocking delivery of a load of coal. As their protest grows and gains attention, a bankruptcy court hearing on Monday could determine Growing Protest. Blackjewel workers have gone without pay since the end of June, when, miners said, paychecks bounced without warning amid a chaotic bankruptcy filing.

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WHITESBURGH, Ky. (OVR) — The convoluted bankruptcy of coal company Blackjewel has hit another turn of events as the company’s former CEO moved to liquidate the company. A federal judge is

On July 1, Blackjewel and Revelation Energy announced the companies were entering Chapter 11 bankruptcy. 2019-07-09 · When it filed for bankruptcy, Blackjewel owed the US Bureau of Land Management $60 million in unpaid royalties for coal mined on federal land. Rather than calling Hoops’s company to account, the BLM put the company on a payment plan that allowed it to continue mining—something that Hoops said was unthinkable for a private land company. 2020-12-22 · Unpaid miners blocking the tracks in 2019. CHARLESTON, WVa. — A federal bankruptcy judge has denied a petition from former Blackjewel coal executive Jeff Hoops to liquidate the company. One group of miners, formerly employed by Blackjewel, now want what the bankrupt coal mining operation owed them: an estimated $2.6 to $5.5 million in back wages.