Finance & Investing | Debt | Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
CBM-Focused Far East Energy Files for Bankruptcy
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Far East Energy Corporation, the U.S. listed company that operates the Shouyang Coalbed Methane Production Sharing Contract in Shanxi Province , People's Republic of China , announced it has ceased operations and commenced bankruptcy proceedings by filing a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the United States Code to initiate an orderly liquidation of the assets of the Company.
The Chapter 7 Case is entitled "In re Far East Energy Corporation" and is being administered under case number 15-35970 in the United States Bankruptcy Court for the Southern District of Texas.
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