CALIFORNIA RESOURCES CORPORATION Bankruptcy Filing
Case Number: 20-33568
CALIFORNIA RESOURCES CORPORATION filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on July 15, 2020. This is a voluntary filing; it was assigned the bankruptcy case number #20-33568.
CALIFORNIA RESOURCES CORPORATION Filing Information
The bankruptcy petition for CALIFORNIA RESOURCES CORPORATION showed assets in the range of more than $1B with liabilities in the range of more than $1B. CALIFORNIA RESOURCES CORPORATION reports that the number of creditors is in the range of 50,001-100,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
CALIFORNIA RESOURCES CORPORATION 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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CALIFORNIA RESOURCES CORPORATION Docket Header
DsclsDue, COMPLX, LEAD, COMPLX |
Southern District of Texas (Houston)
Bankruptcy Petition #: 20-33568
Assigned to: Bankruptcy Judge David R Jones Chapter 11 Voluntary Asset |
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| Debtor California Resources Corporation 27200 Tourney Road Suite 200 Santa Clarita, CA 91355 LOS ANGELES-CA Tax ID / EIN: 46-5670947 |
rep. by |
Paul E Heath
Vinson and Elkins 2001 Ross Ave Ste 3800 Dallas, TX 75201 214-220-7976 Fax : 214-999-7976 Email: pheath @ velaw.com Kiran K Vakamudi Vinson & Elkins, LLP 1001 Fannin Suite 2500 Houston, TX 77002 713-758-2742 Fax : 713-615-5947 Email: kvakamudi @ velaw.com |
| U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 (713) 718-4650 |
rep. by | Hector Duran, Jr
U.S. Trustee 515 Rusk Ste 3516 Houston, Tx 77002 7137184650 Email: Hector.Duran.Jr @ usdoj.gov Jayson B. Ruff Office of the United States Trustee 515 Rusk St. Ste. 3516 Houston, TX 77002 713-718-4650 Fax : 713-718-4670 Email: jayson.b.ruff @ usdoj.gov |