Skip to main content
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
CALL - 412 456 8100
Connect
  • Facebook
  • Twitter
  • LinkedIn
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

Cambria Mills Coal Company

Representation: Creditors’ Committee

Out of Court Workout

Situation: While representing several of Cambria Mills Coal Company’s creditors, Bernstein and Bernstein, P.C. was in a position to force the coal company into a Chapter 11 proceeding.

Action: Attempting to avoid the delay, cost and uncertainty related to a Chapter 11 proceeding, the law firm arranged a meeting of the debtor’s largest creditors. During the meeting, a representative group was elected as an informal creditors’ committee. This committee hired Bernstein and Bernstein, P.C. to negotiate and enforce an out-of-court settlement with the debtor.

The debtor, who owed approximately $3.6 million to creditors, entered into a composition agreement with creditors. This agreement, similar to a reorganization plan in a bankruptcy proceeding, allowed creditors payments of 27 percent of their unsecured debts at a rate depending upon the quantity of coal the debtor shipped. The debtor deposited more than $90,000 with Bernstein and Bernstein, P.C. to distribute to creditors. When other creditors forced the debtor to seek bankruptcy protection, Bernstein and Bernstein, P.C. was hired to represent the official committee of unsecured creditors. The debtor was unable to propose a plan of reorganization and due to its environmental liabilities was converted to a liquidation proceeding. Ultimately, no Chapter 7 Trustee would accept the appointment because of those environmental problems. The case has been dismissed and the company has ceased operating. The secured creditors and priority environmental claims will, most likely, capture what assets are available.

Back to Top
  • Overview
  • Allegheny Motel Inn, Inc.
  • Alpha Housing
  • Arter & Hadden, LLP
  • Benjamin Coal Company
  • Brockway
  • Brownsville General Hospital
  • Cambria Mills Coal Company
  • Criminal Demolition
  • David Weis Jewelers
  • Debois Investment Group
  • Failure to Satisfy Mortgage
  • Ferrell Prior
  • Glosser Bros., Inc.
  • Guaranty for a Friend
  • Hercules Service Corporation
  • I. D. Craig Service Corp.
  • Insulfoams, Inc.
  • Italian Oven, Inc.
  • K. F. Dairies
  • Large International Electrical Supply Distributor
  • Liberty Electronics
  • Major Supplier of Electronic Components
  • Medical Malpractice Verdict
  • MHF Trucking
  • Pittsburgh Press Club
  • Printing equipment recovery
  • Queen City Distributing
  • Ready Mix Concrete Company
  • Securities Fraud Class Action
  • Security Systems Supplier
  • Shotrock, Inc.
  • Spirit Harley-Davidson, Inc.
  • Star-Tron Technology, Inc.
  • TJX Companies (Ames Dept. Stores)
  • Uniflow Manufacturing Co. (Koldraft)
  • Van Huffel Tube Co.
  • Various Personal Injury Claimants
  • Yobe Electric
  • First Century Corporation
  • Consumer Finance Corporation
  • Hathaway and G & K Bakery (Trustee)
Bernstein Burkley

Copyright © 2025 Bernstein-Burkley

Links
  • Disclaimer
  • Knowledge Base
  • Privacy Center
  • Site Map

Bernstein-Burkley, P.C.

Phone: 412.456.8100

Fax: 412.456.8135

Email: info@bernsteinlaw.com

Connect

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

I accept My Preferences
Close Popup