Patriot Coal Files for Bankruptcy Protection

patriot%20coalRichmond, Virginia.  May 12, 2015. Patriot Coal Corporation filed for protection under chapter 11 of the Bankruptcy Code for the second time in three years as the coal provider struggled to reorganize its debt. Patriot Coal’s bankruptcy petition indicated that it has 10,001 to 25,000 creditors, assets estimated at over $1 billion and liabilities estimated at over $1 billion.  Richmond, Virginia.  May 12, 2015. Patriot Coal Corporation filed for protection under chapter 11 of the Bankruptcy Code for the second time in three years as the coal provider struggled to reorganize its debt. Patriot Coal’s bankruptcy petition indicated that it has 10,001 to 25,000 creditors, assets estimated at over $1 billion and liabilities estimated at over $1 billion.

Ronald Page is a corporate bankruptcy attorney based in Richmond, Virginia available to represent creditors in Patriot Coal Corporation’s bankruptcy.

Bankruptcy petitions were also filed by affiliates of Patriot Coal including Apogee Coal Company, LLC, Appalachia Mine Services, LLC; Black Stallion Coal Company, LLC; Brody Mining, LLC, Catenary Coal Company, LLC, Central States Coal Reserves of KY, LLC, Colony Bay Coal Company, Corydon Resources LLC, Coyote Coal Company LLC, Dodge Hill Mining Company, LLC, Eastern Associated Coal, LLC, Eastern Royalty, LLC, Emerald Processing, L.L.C., Gateway Eagle Coal Company, LLC; Grand Eagle Mining, LLC; Heritage Coal Company LLC; Highland Mining Company, LLC, Hillside Mining Company, Hobet Mining, LLC, Jupiter Holdings LLC, Kanawha Eagle Coal, LLC, Kanawha River Ventures III, LLC, Little Creek LLC, Midland Trail Energy LLC, Midwest Coal Resources II, LLC, Mountain View Coal Company, LLC, Panther LLC, Patriot Coal Company, L.P., Patriot Coal Holdings I LLC, Patriot Coal Holdings II LLC, Patriot Coal Sales LLC, Patriot Coal Services LLC, Patriot Leasing Company LLC, Patriot Midwest Holdings, LLC; Patriot Reserve Holdings, LLC; Patriot Ventures LLC; Pine Ridge Coal Company, LLC, Remington LLC, Rhino Eastern JV Holding Company LLC, Rivers Edge Mining, Inc., Robin Land Company, LLC, Speed Mining LLC, Thunderhill Coal LLC, Wildcat Energy LLC, Wildcat, LLC, Will Scarlet Properties LLC, and WWMV JV Holding Company LLC.

Patriot Coal seeks to have these cases jointly administered under its chapter 11 case numbered 15-32450-KLP.  The bankruptcy case is to be presided over by Judge Keith Phillips.  Proposed counsel for Patriot Coal are the law firms of Kirkland & Ellis, LLP and Kutak Rock, LLP.

Patriot Coal listed its 30 largest unsecured creditors as:

  1. Peabody Investments Corp, $4,862,394.81
  2. Joy Global Underground, $4,556,186.31
  3. UMWA Health & Retirement Funds, $2,287,879.39
  4. Mine Safety & Health ADM, $1,477,970.75
  5. Cecil I Walker Machinery Co., $1,379,924.43
  6. Suncrest Resources, $1,229,306.92
  7. Phillips Machine Service Inc., $1,209,965.65
  8. Rish Equipment Co., $1,016,034.07
  9. Shonk Land Company LLC, $965,672.10
  10. Alley Trucking LLC, $943,715.02
  11. SGS North America Inc., $902,871.74
  12. National Union Fire Insurance, $897,383.13
  13. Jennmar Corporation, $849,768.08
  14. Jabo Supply Corp, $839,128.30
  15. Powell Construction Co Inc., $809,875.74
  16. Enviromine Inc., $787,988.41
  17. Strata Mine Services LLC, $747,502.10
  18. United Central Industrial Supply, $736,042.89
  19. Rogers Petroleum Services Inc., $695,086.25
  20. GMS Mine Repair & Maintenance, $675,764.10
  21. Chisler Inc., $669,802.45
  22. Natural Resource Partners L.P., $660,794.59
  23. Raleigh Mine & Industrial, $627,274.97
  24. Kanawha River Terminals, LLC, $603,814.05
  25. D-A Lubricant Company, $559,850.59
  26. Chisler Brothers Contracting LLC, $540,057.16
  27. Logan Corp, $536,877.49
  28. King’s Tire Service Inc., $491,018.82
  29. LML Properties, $478,986.31
  30. The H A Robson Trust, $410,407.33