APPLIED MINERALS, INC. Bankruptcy Filing
Case Number: 24-25849
APPLIED MINERALS, INC. filed a 11 chapter bankruptcy in the District of Utah bankruptcy court on November 11, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-25849.
APPLIED MINERALS, INC. Filing Information
The bankruptcy petition for APPLIED MINERALS, INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $50MM - $100MM. APPLIED MINERALS, INC. reports that the number of creditors is in the range of 1-49.
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'.
APPLIED MINERALS, INC. 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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APPLIED MINERALS, INC. Docket Header
Assigned to: Joel T. Marker Chapter 11 Voluntary Asset |
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| Debtor Applied Minerals, Inc. 1200 Silver City Road PO Box 432 Eureka, UT 84628 JUAB-UT Tax ID / EIN: 82-0096527 |
rep. by |
Matthew M. Boley
Cohne Kinghorn 111 E. Broadway 11th Floor Salt Lake City, UT 84111 (801) 363-4300 Fax : (801) 363-4378 Email: mboley @ ck.law Jeffrey L. Trousdale Cohne Kinghorn 111 E. Broadway, 11th Floor Salt Lake City, UT 84111 801-363-4300 Email: jtrousdale @ cohnekinghorn.com |
| U.S. Trustee United States Trustee Washington Federal Bank Bldg. 405 South Main Street Suite 300 Salt Lake City, UT 84111 USTPRegion19.SK.ECF@usdoj.gov |
rep. by | Peter J. Kuhn
US Trustees Office Washington Federal Bank Building 405 South Main Street Suite 300 Salt Lake City, UT 84111 (801) 524-5734 Fax : (801) 524-5628 Email: Peter.J.Kuhn @ usdoj.gov David W. Newman tr DOJ-Ust Washington Federal Building, Ste. 300 405 South Main Street Salt Lake City, UT 84111 801-524-5734 Email: david.w.newman @ usdoj.gov Melinda Willden tr US Trustees Office Washington Federal Bank Building 405 South Main Street Suite 300 Salt Lake City, UT 84111 801-524-5148 Fax : 801-524-5628 Email: melinda.willden @ usdoj.gov |