Energy News

The week in bankruptcies: Rosehill Resources, others bring Houston bankruptcies to 190 for 2020

Houston-area bankruptcy courts recorded five business filings — including three with total debts above $1 million — during the week that ended July 31, 2020. Year to date through July 31, 2020, the court recorded 190 Chapter 7 or Chapter 11 business bankruptcy filings, a 47% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…