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Friday, September 02, 2016 1:12:18 PM
http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics
The creditors are attempting force liquidation of Tibbar Energy assets for repayment of the debts owed.
If Tibbar wants to remain "in business", they would be filing for chapter 11 (able to restructure or form a repayment plan)
http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics
Thanks for your input.
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