Allegiance Coal USA Limited

  1. June 07, 2024

    Allegiance Can Pay Professional Fees Over Creditor Objection

    A Delaware bankruptcy judge said Friday that bankrupt mining operation Allegiance Coal USA can begin to pay approximately $5.7 million in professional fees using cash left in its estate after its Chapter 11 reorganization bid flopped. 

  2. May 01, 2024

    Allegiance Coal's Lenders Oppose 'Outrageous' Ch. 11 Fee Bid

    A secured lender of bankrupt mining operation Allegiance Coal USA objected to the $5.2 million in expense fees requested by the debtor's professionals, telling a Delaware bankruptcy court that the ask is "outrageous," especially since the firms failed in their quest to land a going-concern sale.

  3. April 02, 2024

    Allegiance Coal Approved For Tiered Dismissal Of Ch. 11

    Bankrupt mining operation Allegiance Coal USA received permission Tuesday from a Delaware judge to begin a two-step dismissal of its Chapter 11 cases one week after the court tossed a lender adversary action.

  4. March 08, 2024

    Allegiance Coal Spars With Ch. 11 Lender Over $1.8M Fees

    A Delaware bankruptcy judge on Friday declined to rule on a petition from mining company Allegiance Coal USA to toss its debtor-in-possession lender's adversary proceeding demanding $1.8 million in fees, allowing more time to determine whether the fees have priority over the rest of the debtor's obligations.

  5. February 15, 2024

    DIP Lenders Sue Allegiance Coal Over $1.8M In Unpaid Fees

    Debtor-in-possession lenders of bankrupt mining operation Allegiance Coal USA Ltd. have filed a Chapter 11 adversary suit in Delaware, saying the company has not paid them $1.8 million in fees owed under a court-approved DIP loan order.

  6. February 23, 2023

    Bankrupt Australian Coal Miner Gets OK To Use Lender Cash

    An Australian company that operates two American coal mines received permission Thursday in a Delaware bankruptcy court to use the cash collateral of its lenders as it deals with a dispute over royalty payments to a mine lessor that threatened its operations.