SOURCE: Ronald Page, PLC

April 08, 2014 16:13 ET

James River Coal Company Files for Bankruptcy Protection

RICHMOND, VA--(Marketwired - Apr 8, 2014) -  James River Coal Company ("JRCC") filed for protection under chapter 11 of the Bankruptcy Code as the coal provider struggled to reorganize its debt. JRCC's bankruptcy petition indicated that it has 10,001 to 25,000 creditors, assets estimated at $1,066,040,000, and liabilities estimated at $818,698,000. Ronald Page (http://rpagelaw.com) is a corporate bankruptcy attorney based in Richmond, Virginia available to represent creditors of JRCC's bankruptcy.

Bankruptcy petitions were also filed by affiliates of JRCC including James River Coal Sales, Inc. and James River Coal Service Company among others.

JRCC seeks to have these cases jointly administered under its chapter 11 case numbered 14-31848-KRH. The bankruptcy case is to be presided over by Judge Kevin Huennekens. Proposed counsel for JRCC is the law firm of Hunton & Williams LLP.

JRCC listed its 30 largest unsecured creditors as:

1. U.S. Bank National Association, Unliquidated $270,000,000.00
2. U.S. Bank National Association, Unliquidated $133,900,000.00
3. U.S. Bank National Association, Unliquidated $47,300,000.00
4. U.S. Bank National Association, Unliquidated $13,300,000.00
5. Whayne Supply Company, Trade Payables $2,103,222.00
6. Norfolk Southern Corporation, Trade Payables $1,448,812.00
7. Lazard Freres & Co., LLC, Trade Payables $899,448.00
8. Mine Service Company Inc., Trade Payables $563,891.00
9. Warex LLC, Trade Payables $544,365.00
10. Joy Global Underground Mining, Trade Payables $538,352.00
11. Austin Powder Co., Trade Payables $533,166.00
12. Macallister Machinery Co., Trade Payables $454,084.00
13. Natural Resource Partners, L.P., Trade Payables $444,033.00
14. A.L. Lee Corporation, Trade Payables $424,641.00
15. Acin, LLC C/O NRP (Operating) LLC, Trade Payables $404,963.00
16. Express Scripts, Inc., Trade Payables $313,460.00
17. Aquatic Resources Management, Trade Payables $297,536.00
18. United Central Industrial Supply Co., Trade Payables $275,865.00
19. Coalfield Lumber Company, Inc., Trade Payables $265,637.00
20. Synenergy Partners, LLC, Trade Payables $260,489.00
21. Nalco Chemical Co., Trade Payables $249,651.00
22. Peabody Terminals, LLC, Trade Payables $205,962.00
23. General Engineering, Company, Trade Payables $190,518.00
24. Rudd Equipment Company, Trade Payables $187,757.00
25. Pocahontas Land Corp., Trade Payables $185,242.00
26. Bluegrass Materials Co. LLC, Trade Payables $183,869.00
27. Leslie Co. Circuit Court Clerk, Trade Payables $182,714.00
28. Rice Oil Company, Inc., Trade Payables $173,320.00
29. Kentucky State Treasurer, Tax Payables $168,652.00
30. Da Lubricant Co., Inc., Trade Payables $156,055.00

The hearings on JRCC's first day motions are scheduled for April 9th at 1:00 p.m. in the courtroom of Judge Huennekens located in the U.S. Bankruptcy Court, U. S. Courthouse, 701 E. Broad St., Room 5000, Richmond, VA 23219.

With offices in Richmond, Virginia, Ronald Page, PLC has extensive experience representing secured and unsecured creditors in bankruptcy proceedings. Please contact Ronald Page, a Richmond Virginia Bankruptcy Attorney (http://rpagelaw.com/), if you need assistance protecting your interests in JRCC's bankruptcy.

Contact Information

  • Ronald Page, PLC
    http://rpagelaw.com
    501 E. Franklin St., Ste. #626
    Richmond, VA 23219
    (804) 562-8704