OCTG CONNECTIONS, LLC Bankruptcy Filing
Case Number: 24-80057
OCTG CONNECTIONS, LLC filed a 11 chapter bankruptcy in the Northern District of Texas bankruptcy court on July 09, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-80057.
OCTG CONNECTIONS, LLC Filing Information
OCTG CONNECTIONS, LLC filed for Chapter 11 bankruptcy on July 9, 2024, as indicated by case number 24-80057. The corporation, based at 8117 Preston Road, Suite 600, Dallas TX, has initiated this proceeding under the auspices of the United States Bankruptcy Court for the Northern District of Texas. This move marks a significant development in the company's financial history, and details of its bankruptcy information will likely be released in the coming days. As a corporation filing under Chapter 11, OCTG CONNECTIONS, LLC has chosen to restructure its debt rather than liquidate its assets, which is typical for companies seeking to maintain operations while renegotiating their financial obligations with creditors. The case will be overseen by Judge Scott W Everett of the Texas Northern Bankruptcy Court, as the court provides a framework for the company's restructuring efforts.
OCTG CONNECTIONS, 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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OCTG CONNECTIONS, LLC Docket Header
REFORM, DsclsDue, jntadmn, MEMBER |
Northern District of Texas (Mega Docket DAL)
Bankruptcy Petition #: 24-80057-swe11
Assigned to: Bankruptcy Judge Scott W Everett Chapter 11 Voluntary Asset |
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| Debtor OCTG Connections, LLC 8117 Preston Road Suite 600 Dallas, TX 75225 DALLAS-TX Tax ID / EIN: 82-2682025 |
rep. by |
Stephen Austin Jones
Foley & Lardner LLP 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 (214) 999-4000 Fax : (214) 999-4667 Email: sajones @ foley.com Holland N. O'Neil Foley & Lardner LLP 2021 McKinney Avenue Ste. 1600 Dallas, TX 75201 214-999-4961 Email: honeil @ foley.com |
| U.S. Trustee United States Trustee 1100 Commerce Street Room 976 Dallas, TX 75202 214-767-8967 |