ARCADIAN RESOURCES, LLC Bankruptcy Filing
Case Number: 24-10158
ARCADIAN RESOURCES, LLC filed a 11 chapter bankruptcy in the Northern District of Texas bankruptcy court on September 01, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-10158.
ARCADIAN RESOURCES, LLC Filing Information
ARCADIAN RESOURCES, LLC filed for Chapter 11 bankruptcy on September 1, 2024, with case number 24-10158, in the Texas Northern District Court. This significant development marks a turning point for the corporation, which has opted to restructure its financial obligations under the guidance of bankruptcy law. As a corporation, ARCADIAN RESOURCES, LLC will aim to manage its debts and assets through this process, with the ultimate goal of emerging from bankruptcy in a financially stable state. The bankruptcy filing provides an opportunity for the company to renegotiate its debts, potentially securing new funding or restructuring arrangements that will enable it to continue operations. This move is expected to have implications for all stakeholders involved, including creditors, employees, and investors, as ARCADIAN RESOURCES, LLC seeks to navigate the complexities of bankruptcy and emerge stronger.
ARCADIAN RESOURCES, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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ARCADIAN RESOURCES, LLC Docket Header
REFORM, DsclsDue |
Northern District of Texas (Abilene)
Bankruptcy Petition #: 24-10158-11
Assigned to: Chapter 11 Voluntary Asset |
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| Debtor Arcadian Resources, LLC Sections 63 (Abstract A-470) Sections 70 (Abstract A-1447) Block 23, T&P RR CO Survey Roscoe, TX 79545 NOLAN-TX Tax ID / EIN: 47-3608446 |
rep. by |
Brandon John Tittle
Tittle Law Group, PLLC 5465 Legacy Dr. Suite 650 Plano, TX 75024 972-731-2590 Email: btittle @ tittlelawgroup.com |
| U.S. Trustee United States Trustee 1100 Commerce Street Room 976 Dallas, TX 75202 214-767-8967 |