SEADRILL NEW FINANCE LIMITED Bankruptcy Filing
Case Number: 22-90001
SEADRILL NEW FINANCE LIMITED filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on January 11, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-90001.
SEADRILL NEW FINANCE LIMITED Filing Information
The bankruptcy petition for SEADRILL NEW FINANCE LIMITED showed assets in the range of $500MM - $1B with liabilities in the range of $500MM - $1B. SEADRILL NEW FINANCE LIMITED reports that the number of creditors is in the range of 200-999.
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'.
SEADRILL NEW FINANCE LIMITED 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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SEADRILL NEW FINANCE LIMITED Docket Header
COMPLX, LEAD, COMPLX |
Southern District of Texas (Houston)
Bankruptcy Petition #: 22-90001
Assigned to: Bankruptcy Judge David R Jones Chapter 11 Voluntary Asset |
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| Debtor Seadrill New Finance Limited Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08 OUTSIDE U. S. Bermuda |
rep. by |
Victoria Nicole Argeroplos
Jackson Walker LLP 1401 McKinney Street Suite 1900 Houston, TX 77010 713-752-4334 Fax : 713-308-4134 Email: vargeroplos @ jw.com Matthew D Cavenaugh Jackson Walker LLP 1401 McKinney Street Ste 1900 Houston, TX 77010 713-752-4200 Email: mcavenaugh @ jw.com Jennifer F Wertz Jackson Walker LLP 100 Congress Ave Suite 1100 Austin, TX 78701 512-236-2247 Fax : 512-391-2147 Email: jwertz @ jw.com |
| U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 |
rep. by | Stephen Douglas Statham
Office of US Trustee 515 Rusk Ste 3516 Houston, TX 77002 713-718-4650 Ext 252 Fax : 713-718-4670 Email: stephen.statham @ usdoj.gov |