Paladin Energy Corporation Files For Bankruptcy in Dallas, Texas

On April 21, 2016, Paladin Energy Corporation (the “Debtor” or “Paladin”) filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division.According to the Paladin’s Cash Collateral Motion  (the “Motion”) [Dkt. No. 13], Paladin is an oil and gas producer with interests in numerous wells in Texas and New Mexico. See Motion at 4. Paladin’s liabilities include over $22 million owed under a 2008 Credit Facility with MUFG Union Bank N.A. as administrative agent, and trade debt. See Motion at 5.The Debtor’s bankruptcy case is captioned In re Paladin Energy Corp., Case No. 16-10742. The bankruptcy case has been assigned to Judge Barbara J. Houser.A copy of the Motion can be accessed here: Download Paladin Energy Motion.For further information, please contact a Thompson & Knight Bankruptcy and Restructuring Attorney. For more information on the Thompson & Knight’s Bankruptcy and Restructuring Practice, please visit www.tklaw.com/bankruptcy-and-restructuring/.