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Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
    • Real Estate & Commercial Finance
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
Cases

Benjamin Coal Company

Representation: Members of Creditors’ Committee

Bankruptcy – Western District of Pennsylvania

Situation: At the time it filed for Chapter 11, Benjamin Coal Company was one of Pennsylvania’s largest privately-held coal mining operations. Three members of the official creditors’ committee, with claims of approximately $600,000, $400,000 and $200,000, hired Bernstein and Bernstein, P.C. to represent them.

Action: The law firm counseled the creditors concerning Benjamin Coal Co.’s secured creditors, accounting practices, environmental practices, as well as its business and bankruptcy strategies. The creditors’ committee succeeded in negotiating and confirming a reorganization plan providing for full payment to creditors. Unfortunately, a subsequent default by the debtor, followed by conversion to a Chapter 7 proceeding, will result in a diminished distribution.

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